GOVZ vs FMF

Comparison between ISHARES 25+ YEAR TREASURY STRIPS BOND ETF (GOVZ, ETF) and FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF).

5-Year PerformanceFMF has outperformed GOVZ, delivering a return of +4.7% compared to -14.2%

GOVZ vs FMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GOVZ(ETF)	FMF(ETF)
Net Assets	$258M	$258M
Expense Ratio	0.10%	0.98%
Max Drawdown	67.53%	24.79%
Sharpe Ratio	-0.39	0.80
5Y Beta	0.13	0.10
5Y Dividends CAGR	10.13%	227.06%

Net Assets

Winner

GOVZ

$258M

FMF

$258M

Expense Ratio

Winner

GOVZ

0.10%

FMF

0.98%

Max Drawdown

GOVZ

67.53%

Winner

FMF

24.79%

Sharpe Ratio

GOVZ

-0.39

Winner

FMF

0.80

5Y Beta

GOVZ

0.13

Winner

FMF

0.10

5Y Dividends CAGR

GOVZ

10.13%

Winner

FMF

227.06%

GOVZ vs FMF - Historical Returns

Returns include dividend reinvestment.

Period	GOVZ	FMF
1 month	-1.67%	-0.21%
3 months	-3.15%	-2.65%
6 months	-10.43%	+1.05%
1 year	-4.24%	+10.49%
5 years(CAGR)	-14.19%	+4.70%
10 years(CAGR)	N/A	+2.71%
Max(CAGR)	-13.90%	+1.85%

GOVZ

-1.67%

Winner

FMF

-0.21%

GOVZ

-3.15%

Winner

FMF

-2.65%

GOVZ

-10.43%

Winner

FMF

+1.05%

GOVZ

-4.24%

Winner

FMF

+10.49%

5Y(CAGR)

GOVZ

-14.19%

Winner

FMF

+4.70%

10Y(CAGR)

GOVZ

N/A

FMF

+2.71%

Max(CAGR)

GOVZ

-13.90%

Winner

FMF

+1.85%

GOVZ vs FMF - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	GOVZ	FMF
2026	-5.85%	+6.90%
2025	-2.00%	+4.23%
2024	-15.35%	+7.67%
2023	-1.66%	-0.38%
2022	-38.84%	+4.68%
2021	-4.48%	+3.45%
2020	-5.61%	+5.25%
2019	N/A	-5.32%
2018	N/A	-2.31%
2017	N/A	+2.33%
2016	N/A	-4.09%
2015	N/A	-0.47%
2014	N/A	-1.10%
2013	N/A	+3.46%

GOVZ vs FMF Drawdown Comparison

The maximum drawdown for GOVZ was -59.94%, occurring on Aug 17, 2026. This drawdown has not yet recovered.

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

The current GOVZ drawdown is -58.73%. The current FMF drawdown is -2.92%.

Rank	GOVZ	FMF
#1	-59.94% Sep 24, 2020 - Aug 17, 2026	-22.22% Apr 2, 2014 - Mar 14, 2022
#2	N/A	-14.98% Jun 14, 2022 - Oct 6, 2025
#3	N/A	-7.98% Mar 14, 2022 - Jun 9, 2022
#4	N/A	-4.51% May 18, 2026 - Jul 2, 2026
#5	N/A	-3.58% Dec 30, 2013 - Mar 27, 2014
#6	N/A	-3.42% Mar 12, 2026 - Apr 2, 2026
#7	N/A	-3.12% Oct 15, 2025 - Jan 9, 2026
#8	N/A	-2.31% Feb 11, 2026 - Feb 19, 2026
#9	N/A	-2.22% Aug 2, 2013 - Oct 10, 2013
#10	N/A	-1.69% Feb 4, 2026 - Feb 6, 2026
#11	N/A	-1.56% Jan 15, 2026 - Feb 3, 2026
#12	N/A	-1.47% Oct 22, 2013 - Nov 14, 2013
#13	N/A	-1.28% Apr 29, 2026 - May 12, 2026
#14	N/A	-1.27% Mar 2, 2026 - Mar 4, 2026
#15	N/A	-1.18% Oct 8, 2025 - Oct 13, 2025

Correlation

Correlation between GOVZ and FMF is -0.77 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.77

-101

Dividend Comparison (2013 - 2026)

GOVZ vs FMF dividend yield comparison.

Year	GOVZ	FMF
2026	3.23%	0.83%
2025	5.00%	5.60%
2024	4.68%	4.85%
2023	3.83%	3.09%
2022	3.69%	0.41%
2021	1.76%	3.29%
2020	0.39%	0.02%
2019	0.00%	1.05%
2018	0.00%	1.56%
2017	0.00%	0.82%
2013	0.00%	2.38%