Key Takeaways
- • Fidelity Managed Futures ETF (FFUT) trades at $65.52 with net assets of approximately $352–$375 million and a net expense ratio of 0.80%, positioning it as a competitively priced managed futures vehicle.
- • The fund employs a trend-capture strategy across equities, fixed income, currencies, and commodities using derivatives and direct investments, with a stated objective of capital appreciation regardless of market direction.
- • FFUT launched on June 3, 2025, and has delivered a year-to-date daily total return of 20.85% as of the June 23, 2026 reporting date, demonstrating strong recent performance in its first year of operation.
- • The ETF exhibits a PE ratio (TTM) of 27.53, a yield of 0.70%, and minimal five-year beta (0.00), reflecting characteristics typical of systematic trend-following strategies with low correlation to traditional equity markets.
- • With a market capitalization near $384 million and technology exposure at 4.41%, FFUT offers institutional investors diversified exposure to managed futures within an accessible, liquid ETF wrapper.
Summary
Fidelity Managed Futures ETF (FFUT) is a systematically managed trend-following vehicle launched on June 3, 2025, designed to capture persistent price trends across multiple asset classes independent of market direction. As of June 23, 2026, the fund trades at $65.52 per share with approximately $352–$375 million in net assets under management, representing solid accumulation in its first year of operation.
The fund's investment strategy utilizes a diversified derivative-based approach, combining equity, fixed income, currency, and commodity futures alongside selective direct investments. This multi-asset, multi-strategy architecture is designed to generate capital appreciation through long and short positioning across persistent market trends. The fund's low beta reading of 0.00 (5-year monthly) reflects the expected characteristics of systematic trend-following strategies, which typically exhibit minimal correlation to traditional equity market movements—a key attraction for portfolio diversification within alternative investment allocations.
Performance metrics reveal competitive positioning within the managed futures category. Year-to-date daily total returns stand at 20.85% as of June 23, 2026, demonstrating substantial outperformance relative to a flat market environment. The fund's current valuation metrics—including a PE ratio of 27.53 (TTM), dividend yield of 0.70%, and net expense ratio of 0.80%—position FFUT competitively within the ETF managed futures landscape. The net expense ratio of 0.80%, supported by a gross expense ratio of 0.83%, reflects Fidelity's scale advantages in active management delivery.
Structurally, the fund is housed within Fidelity Greenwood Street Trust and offers institutional-grade liquidity through NASDAQ trading. With approximately $384 million in market capitalization and minimal sector concentration (technology at 4.41%), FFUT provides hedge funds, family offices, and institutional investors a tax-efficient vehicle for systematic alternatives exposure without requiring direct futures trading infrastructure or significant capital commitments to separate accounts.
The fund's investment strategy utilizes a diversified derivative-based approach, combining equity, fixed income, currency, and commodity futures alongside selective direct investments. This multi-asset, multi-strategy architecture is designed to generate capital appreciation through long and short positioning across persistent market trends. The fund's low beta reading of 0.00 (5-year monthly) reflects the expected characteristics of systematic trend-following strategies, which typically exhibit minimal correlation to traditional equity market movements—a key attraction for portfolio diversification within alternative investment allocations.
Performance metrics reveal competitive positioning within the managed futures category. Year-to-date daily total returns stand at 20.85% as of June 23, 2026, demonstrating substantial outperformance relative to a flat market environment. The fund's current valuation metrics—including a PE ratio of 27.53 (TTM), dividend yield of 0.70%, and net expense ratio of 0.80%—position FFUT competitively within the ETF managed futures landscape. The net expense ratio of 0.80%, supported by a gross expense ratio of 0.83%, reflects Fidelity's scale advantages in active management delivery.
Structurally, the fund is housed within Fidelity Greenwood Street Trust and offers institutional-grade liquidity through NASDAQ trading. With approximately $384 million in market capitalization and minimal sector concentration (technology at 4.41%), FFUT provides hedge funds, family offices, and institutional investors a tax-efficient vehicle for systematic alternatives exposure without requiring direct futures trading infrastructure or significant capital commitments to separate accounts.
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