FTF vs FMF

Comparison between Franklin Ltd Duration Income Trust (FTF, ETF) and FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF).

5-Year PerformanceFMF has outperformed FTF, delivering a return of +4.3% compared to +2.1%

FTF vs FMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FTF(ETF)	FMF(ETF)
Net Assets	$260M	$260M
Expense Ratio	N/A	0.98%
Max Drawdown	63.23%	24.79%
Sharpe Ratio	-0.25	1.39
5Y Beta	0.29	0.10
5Y Dividends CAGR	-4.40%	228.25%

Net Assets

Winner

FTF

$260M

FMF

$260M

Expense Ratio

FTF

N/A

FMF

0.98%

Max Drawdown

FTF

63.23%

Winner

FMF

24.79%

Sharpe Ratio

FTF

-0.25

Winner

FMF

1.39

5Y Beta

FTF

0.29

Winner

FMF

0.10

5Y Dividends CAGR

FTF

-4.40%

Winner

FMF

228.25%

FTF vs FMF - Historical Returns

Returns include dividend reinvestment.

Period	FTF	FMF
1 month	-1.16%	-1.52%
3 months	+0.59%	+0.35%
6 months	+1.09%	+10.39%
1 year	+1.34%	+18.03%
5 years(CAGR)	+2.10%	+4.29%
10 years(CAGR)	+3.70%	+2.70%
Max(CAGR)	+4.92%	+1.98%

Winner

FTF

-1.16%

FMF

-1.52%

Winner

FTF

+0.59%

FMF

+0.35%

FTF

+1.09%

Winner

FMF

+10.39%

FTF

+1.34%

Winner

FMF

+18.03%

5Y(CAGR)

FTF

+2.10%

Winner

FMF

+4.29%

10Y(CAGR)

Winner

FTF

+3.70%

FMF

+2.70%

Max(CAGR)

Winner

FTF

+4.92%

FMF

+1.98%

FTF vs FMF - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	FTF	FMF
2026	-1.07%	+8.20%
2025	+4.80%	+4.23%
2024	+17.84%	+7.67%
2023	+12.41%	-0.38%
2022	-22.54%	+4.68%
2021	+8.60%	+3.45%
2020	+9.26%	+5.25%
2019	+17.39%	-5.32%
2018	-14.85%	-2.31%
2017	+9.32%	+2.33%
2016	+20.34%	-4.09%
2015	-5.63%	-0.47%
2014	+0.29%	-1.10%
2013	-6.21%	+3.46%
2012	+17.68%	N/A
2011	+8.07%	N/A
2010	+18.35%	N/A
2009	+52.93%	N/A
2008	-20.82%	N/A
2007	-7.48%	N/A
2006	+17.38%	N/A
2005	-8.66%	N/A
2004	+8.08%	N/A
2003	-1.02%	N/A

FTF vs FMF Drawdown Comparison

The maximum drawdown for FTF was -51.16%, occurring on Nov 21, 2008. Recovery took 587 trading sessions.

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

The current FTF drawdown is -3.06%. The current FMF drawdown is -1.75%.

Rank	FTF	FMF
#1	-51.16% May 31, 2007 - Sep 28, 2009	-22.22% Apr 2, 2014 - Mar 14, 2022
#2	-36.64% Aug 28, 2018 - Dec 18, 2020	-14.98% Jun 14, 2022 - Oct 6, 2025
#3	-28.55% Dec 28, 2021 - Sep 16, 2024	-7.98% Mar 14, 2022 - Jun 9, 2022
#4	-20.46% Feb 19, 2013 - Oct 21, 2016	-3.58% Dec 30, 2013 - Mar 27, 2014
#5	-17.04% Jul 8, 2011 - Mar 27, 2012	-3.42% Mar 12, 2026 - Apr 2, 2026
#6	-15.13% Mar 7, 2005 - Sep 15, 2006	-3.12% Oct 15, 2025 - Jan 9, 2026
#7	-14.73% Apr 29, 2010 - Sep 29, 2010	-2.51% May 18, 2026 - Jun 10, 2026
#8	-11.70% Mar 17, 2004 - Sep 3, 2004	-2.31% Feb 11, 2026 - Feb 19, 2026
#9	-11.58% Feb 19, 2025 - Jul 1, 2025	-2.22% Aug 2, 2013 - Oct 10, 2013
#10	-10.83% Oct 1, 2012 - Jan 2, 2013	-1.69% Feb 4, 2026 - Feb 6, 2026
#11	-8.82% May 24, 2012 - Jun 27, 2012	-1.56% Jan 15, 2026 - Feb 3, 2026
#12	-7.52% Oct 26, 2010 - Feb 11, 2011	-1.47% Oct 22, 2013 - Nov 14, 2013
#13	-6.54% Feb 10, 2026 - Mar 27, 2026	-1.28% Apr 29, 2026 - May 12, 2026
#14	-6.32% Sep 29, 2009 - Dec 14, 2009	-1.27% Mar 2, 2026 - Mar 4, 2026
#15	-6.09% Jan 26, 2018 - Aug 22, 2018	-1.18% Oct 8, 2025 - Oct 13, 2025

Correlation

Correlation between FTF and FMF is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.53

-101

Dividend Comparison (2003 - 2026)

FTF vs FMF dividend yield comparison.

Year	FTF	FMF
2026	5.31%	0.37%
2025	12.00%	5.60%
2024	11.13%	4.85%
2023	11.41%	3.09%
2022	12.62%	0.41%
2021	10.26%	3.29%
2020	9.50%	0.02%
2019	10.73%	1.05%
2018	12.37%	1.56%
2017	10.86%	0.82%
2016	6.56%	0.00%
2015	6.94%	0.00%
2014	7.05%	0.00%
2013	6.90%	2.38%
2012	6.35%	0.00%
2011	7.73%	0.00%
2010	7.84%	0.00%
2009	7.95%	0.00%
2008	11.27%	0.00%
2007	8.71%	0.00%
2006	7.83%	0.00%
2005	9.04%	0.00%
2004	8.11%	0.00%
2003	2.03%	0.00%