FMF vs SPXT

Comparison between FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF) and PROSHARES S&P 500 EX-TECHNOLOGY ETF (SPXT, ETF).

5-Year PerformanceSPXT has outperformed FMF, delivering a return of +9.6% compared to +4.6%

FMF vs SPXT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMF(ETF)	SPXT(ETF)
Net Assets	$272M	$273M
Expense Ratio	0.98%	0.09%
Max Drawdown	24.79%	34.38%
Sharpe Ratio	1.23	1.05
5Y Beta	0.10	0.75
P/E Ratio	N/A	26.04
Forward P/E	N/A	20.86
5Y Dividends CAGR	227.06%	7.79%
5Y EPS CAGR	N/A	16.52%
Debt to Equity	N/A	42.02%
P/S Ratio	N/A	2.62
P/B Ratio	N/A	4.21

Net Assets

FMF

$272M

Winner

SPXT

$273M

Expense Ratio

FMF

0.98%

Winner

SPXT

0.09%

Max Drawdown

Winner

FMF

24.79%

SPXT

34.38%

Sharpe Ratio

Winner

FMF

1.23

SPXT

1.05

5Y Beta

Winner

FMF

0.10

SPXT

0.75

P/E Ratio

FMF

N/A

SPXT

26.04

Forward P/E

FMF

N/A

SPXT

20.86

5Y Dividends CAGR

Winner

FMF

227.06%

SPXT

7.79%

5Y EPS CAGR

FMF

N/A

SPXT

16.52%

Debt to Equity

FMF

N/A

SPXT

42.02%

P/S Ratio

FMF

N/A

SPXT

2.62

P/B Ratio

FMF

N/A

SPXT

4.21

FMF vs SPXT - Holdings Comparison

FMF and SPXT have 0 common holdings. Overlap is 0.00%

FMF's top 25 holdings weight is 26.25%. SPXT's top 25 holdings weight is 43.54%.

Rank	FMF	SPXT
#1	MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 26.25%	AMAZON.COM INC (AMZN) - 5.97%
#2	N/A	ALPHABET INC CLASS A (GOOGL) - 5.20%
#3	N/A	ALPHABET INC CLASS C (GOOG) - 4.16%
#4	N/A	META PLATFORMS INC CLASS A (META) - 3.58%
#5	N/A	TESLA INC (TSLA) - 2.75%
#6	N/A	JPMORGAN CHASE & CO (JPM) - 2.27%
#7	N/A	ELI LILLY AND CO (LLY) - 2.25%
#8	N/A	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 2.22%
#9	N/A	JOHNSON & JOHNSON (JNJ) - 1.51%
#10	N/A	EXXONMOBIL HOLDINGS CORP (XOM) - 1.48%
#11	N/A	VISA INC CLASS A (V) - 1.46%
#12	N/A	WALMART INC (WMT) - 1.23%
#13	N/A	MASTERCARD INC CLASS A (MA) - 1.07%
#14	N/A	ABBVIE INC (ABBV) - 1.07%
#15	N/A	CATERPILLAR INC (CAT) - 1.06%
#16	N/A	COSTCO WHOLESALE CORP (COST) - 1.01%
#17	N/A	BANK OF AMERICA CORP (BAC) - 0.98%
#18	N/A	UNITEDHEALTH GROUP INC (UNH) - 0.95%
#19	N/A	GE AEROSPACE (GE) - 0.91%
#20	N/A	CHEVRON CORP (CVX) - 0.84%
#21	N/A	S&P GLOBAL INC (SPGI) - 0.33%
#22	N/A	CAPITAL ONE FINANCIAL CORP (COF) - 0.32%
#23	N/A	CHUBB LTD (CB) - 0.31%
#24	N/A	DANAHER CORP (DHR) - 0.31%
#25	N/A	PARKER HANNIFIN CORP (PH) - 0.30%
Total Holdings	1	391

FMF vs SPXT - Historical Returns

Returns include dividend reinvestment.

Period	FMF	SPXT
1 month	-0.50%	+2.43%
3 months	-1.09%	+3.18%
6 months	+5.68%	+3.94%
1 year	+14.98%	+15.05%
5 years(CAGR)	+4.62%	+9.61%
10 years(CAGR)	+2.73%	+11.33%
Max(CAGR)	+1.89%	+11.73%

FMF

-0.50%

Winner

SPXT

+2.43%

FMF

-1.09%

Winner

SPXT

+3.18%

Winner

FMF

+5.68%

SPXT

+3.94%

FMF

+14.98%

Winner

SPXT

+15.05%

5Y(CAGR)

FMF

+4.62%

Winner

SPXT

+9.61%

10Y(CAGR)

FMF

+2.73%

Winner

SPXT

+11.33%

Max(CAGR)

FMF

+1.89%

Winner

SPXT

+11.73%

FMF vs SPXT - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	FMF	SPXT
2026	+7.19%	+5.83%
2025	+4.23%	+15.31%
2024	+7.67%	+19.71%
2023	-0.38%	+16.43%
2022	+4.68%	-14.39%
2021	+3.45%	+28.06%
2020	+5.25%	+9.82%
2019	-5.32%	+26.20%
2018	-2.31%	-7.09%
2017	+2.33%	+17.70%
2016	-4.09%	+14.03%
2015	-0.47%	+6.52%
2014	-1.10%	N/A
2013	+3.46%	N/A

FMF vs SPXT Drawdown Comparison

The maximum drawdown for FMF was -22.22%, occurring on Mar 24, 2020. Recovery took 2001 trading sessions.

The maximum drawdown for SPXT was -34.38%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.

The current FMF drawdown is -2.66%. The current SPXT drawdown is -1.39%.

Rank	FMF	SPXT
#1	-22.22% Apr 2, 2014 - Mar 14, 2022	-34.38% Feb 19, 2020 - Sep 2, 2020
#2	-14.98% Jun 14, 2022 - Oct 6, 2025	-21.46% Jan 4, 2022 - Jan 26, 2024
#3	-7.98% Mar 14, 2022 - Jun 9, 2022	-18.68% Sep 24, 2018 - Jun 20, 2019
#4	-4.51% May 18, 2026 - Jul 2, 2026	-15.58% Jan 30, 2025 - Jul 3, 2025
#5	-3.58% Dec 30, 2013 - Mar 27, 2014	-10.46% Dec 22, 2015 - Apr 19, 2016
#6	-3.42% Mar 12, 2026 - Apr 2, 2026	-8.89% Jan 23, 2018 - Aug 24, 2018
#7	-3.12% Oct 15, 2025 - Jan 9, 2026	-8.22% Sep 2, 2020 - Nov 9, 2020
#8	-2.31% Feb 11, 2026 - Feb 19, 2026	-7.90% Feb 27, 2026 - Apr 17, 2026
#9	-2.22% Aug 2, 2013 - Oct 10, 2013	-5.80% Jul 26, 2019 - Sep 13, 2019
#10	-1.69% Feb 4, 2026 - Feb 6, 2026	-5.56% Jul 16, 2024 - Aug 19, 2024
#11	-1.56% Jan 15, 2026 - Feb 3, 2026	-4.96% Nov 5, 2021 - Dec 27, 2021
#12	-1.47% Oct 22, 2013 - Nov 14, 2013	-4.52% Sep 2, 2021 - Oct 20, 2021
#13	-1.28% Apr 29, 2026 - May 12, 2026	-4.50% Nov 29, 2024 - Jan 23, 2025
#14	-1.27% Mar 2, 2026 - Mar 4, 2026	-4.28% Mar 28, 2024 - May 15, 2024
#15	-1.18% Oct 8, 2025 - Oct 13, 2025	-4.11% Sep 13, 2019 - Oct 23, 2019

Correlation

Correlation between FMF and SPXT is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2013 - 2026)

FMF vs SPXT dividend yield comparison.

Year	FMF	SPXT
2026	0.83%	0.65%
2025	5.60%	1.38%
2024	4.85%	1.29%
2023	3.09%	1.53%
2022	0.41%	1.86%
2021	3.29%	1.15%
2020	0.02%	1.63%
2019	1.05%	1.63%
2018	1.56%	2.03%
2017	0.82%	1.55%
2016	0.00%	2.67%
2015	0.00%	0.56%
2013	2.38%	0.00%