SPXT vs FMF

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

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

SPXT vs FMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

SPXT

$273M

FMF

$272M

Expense Ratio

Winner

SPXT

0.09%

FMF

0.98%

Max Drawdown

SPXT

34.38%

Winner

FMF

24.79%

Sharpe Ratio

SPXT

1.05

Winner

FMF

1.23

5Y Beta

SPXT

0.75

Winner

FMF

0.10

P/E Ratio

SPXT

26.04

FMF

N/A

Forward P/E

SPXT

20.86

FMF

N/A

5Y Dividends CAGR

SPXT

7.79%

Winner

FMF

227.06%

5Y EPS CAGR

SPXT

16.52%

FMF

N/A

Debt to Equity

SPXT

42.02%

FMF

N/A

P/S Ratio

SPXT

2.62

FMF

N/A

P/B Ratio

SPXT

4.21

FMF

N/A

SPXT vs FMF - Holdings Comparison

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

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

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

SPXT vs FMF - Historical Returns

Returns include dividend reinvestment.

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

Winner

SPXT

+2.43%

FMF

-0.50%

Winner

SPXT

+3.18%

FMF

-1.09%

SPXT

+3.94%

Winner

FMF

+5.68%

Winner

SPXT

+15.05%

FMF

+14.98%

5Y(CAGR)

Winner

SPXT

+9.61%

FMF

+4.62%

10Y(CAGR)

Winner

SPXT

+11.33%

FMF

+2.73%

Max(CAGR)

Winner

SPXT

+11.73%

FMF

+1.89%

SPXT vs FMF - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

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

SPXT vs FMF Drawdown Comparison

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

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

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

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

Correlation

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

0.85

-101

Dividend Comparison (2013 - 2026)

SPXT vs FMF dividend yield comparison.

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