FMF vs TSPX
Comparison between FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF) and TWIN OAK ACTIVE OPPORTUNITIES ETF (TSPX, ETF).
FMF vs TSPX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FMF
$272M
TSPX
$272M
Expense Ratio
Winner
FMF
0.98%
TSPX
1.01%
Max Drawdown
FMF
24.79%
Winner
TSPX
8.14%
Sharpe Ratio
Winner
FMF
1.23
TSPX
1.19
5Y Beta
Winner
FMF
0.10
TSPX
0.56
5Y Dividends CAGR
FMF
227.06%
TSPX
N/A
FMF vs TSPX - Historical Returns
Returns include dividend reinvestment.
1M
FMF
-0.50%
Winner
TSPX
+0.47%
3M
FMF
-1.09%
Winner
TSPX
+5.16%
6M
FMF
+5.68%
Winner
TSPX
+7.69%
1Y
FMF
+14.98%
Winner
TSPX
+15.81%
5Y(CAGR)
FMF
+4.62%
TSPX
N/A
10Y(CAGR)
FMF
+2.73%
TSPX
N/A
Max(CAGR)
FMF
+1.89%
Winner
TSPX
+16.77%
FMF vs TSPX - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | FMF | TSPX |
|---|---|---|
| 2026 | +7.19% | +8.02% |
| 2025 | +4.23% | +15.44% |
| 2024 | +7.67% | N/A |
| 2023 | -0.38% | N/A |
| 2022 | +4.68% | N/A |
| 2021 | +3.45% | N/A |
| 2020 | +5.25% | N/A |
| 2019 | -5.32% | N/A |
| 2018 | -2.31% | N/A |
| 2017 | +2.33% | N/A |
| 2016 | -4.09% | N/A |
| 2015 | -0.47% | N/A |
| 2014 | -1.10% | N/A |
| 2013 | +3.46% | N/A |
FMF vs TSPX Drawdown Comparison
The maximum drawdown for FMF was -22.22%, occurring on Mar 24, 2020. Recovery took 2001 trading sessions.
The maximum drawdown for TSPX was -7.80%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.
The current FMF drawdown is -2.66%. The current TSPX drawdown is -0.90%.
| Rank | FMF | TSPX |
|---|---|---|
| #1 | -22.22% Apr 2, 2014 - Mar 14, 2022 | -7.80% Feb 21, 2025 - May 12, 2025 |
| #2 | -14.98% Jun 14, 2022 - Oct 6, 2025 | -6.81% Jan 28, 2026 - Apr 14, 2026 |
| #3 | -7.98% Mar 14, 2022 - Jun 9, 2022 | -3.72% Oct 28, 2025 - Dec 10, 2025 |
| #4 | -4.51% May 18, 2026 - Jul 2, 2026 | -3.39% Jun 2, 2026 - Jun 10, 2026 |
| #5 | -3.58% Dec 30, 2013 - Mar 27, 2014 | -2.19% Oct 8, 2025 - Oct 24, 2025 |
| #6 | -3.42% Mar 12, 2026 - Apr 2, 2026 | -1.98% Jan 12, 2026 - Jan 27, 2026 |
| #7 | -3.12% Oct 15, 2025 - Jan 9, 2026 | -1.89% May 19, 2025 - Jun 3, 2025 |
| #8 | -2.31% Feb 11, 2026 - Feb 19, 2026 | -1.86% Dec 11, 2025 - Dec 23, 2025 |
| #9 | -2.22% Aug 2, 2013 - Oct 10, 2013 | -1.75% Jul 28, 2025 - Aug 8, 2025 |
| #10 | -1.69% Feb 4, 2026 - Feb 6, 2026 | -1.56% May 14, 2026 - May 26, 2026 |
| #11 | -1.56% Jan 15, 2026 - Feb 3, 2026 | -1.44% Dec 24, 2025 - Jan 6, 2026 |
| #12 | -1.47% Oct 22, 2013 - Nov 14, 2013 | -1.13% Aug 14, 2025 - Aug 26, 2025 |
| #13 | -1.28% Apr 29, 2026 - May 12, 2026 | -1.02% Sep 22, 2025 - Oct 1, 2025 |
| #14 | -1.27% Mar 2, 2026 - Mar 4, 2026 | -0.99% Aug 28, 2025 - Sep 4, 2025 |
| #15 | -1.18% Oct 8, 2025 - Oct 13, 2025 | -0.85% Jun 12, 2025 - Jun 24, 2025 |
Correlation
Correlation between FMF and TSPX is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
Dividend Comparison (2013 - 2026)
FMF vs TSPX dividend yield comparison.
| Year | FMF | TSPX |
|---|---|---|
| 2026 | 0.83% | 0.00% |
| 2025 | 5.60% | 2.15% |
| 2024 | 4.85% | 0.00% |
| 2023 | 3.09% | 0.00% |
| 2022 | 0.41% | 0.00% |
| 2021 | 3.29% | 0.00% |
| 2020 | 0.02% | 0.00% |
| 2019 | 1.05% | 0.00% |
| 2018 | 1.56% | 0.00% |
| 2017 | 0.82% | 0.00% |
| 2013 | 2.38% | 0.00% |
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