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FMFvsIALTETF Comparison

ETF 1
FMF

First Trust Managed Futures Strategy Fund ETF

This fund is part of
Multi-Asset: Other
-0.26%
VS
ETF 2
IALT

iShares Systematic Alternatives Active ETF

This fund is part of
Multi-Asset: Other
-0.26%

First Trust Managed Futures Strategy Fund ETF (FMF) and iShares Systematic Alternatives Active ETF (IALT) belong to the same industry segment: Multi-Asset: Other. Both FMF and IALT have the same Total Expense Ratio (TER) of 0.99%. FMF is up 12.11% year-to-date (YTD) with +$63M in YTD flows. IALT performs better with 17.71% YTD performance, and +$7.33B in YTD flows. Run a side-by-side ETF comparison of FMF and IALT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FMF vs IALT performance and flow charts

Performance

0.00.51.01.52.0%Sep 15Sep 22Sep 29Oct 6Oct 13

Cumulative Flows

0 B0.5 B1 B1.5 BSep 15Sep 22Sep 29Oct 6Oct 13

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Historic performance and flows
Data as of 10/15/2026
1M3MYTD1Y3Y5Y
Perf.
FMF
IALT
+0.01%+0.89%
+4.18%+4.50%
+12.11%+17.71%
+10.64%n/a
+18.61%n/a
+27.26%n/a
Flows
FMF
IALT
+$10M+$1.72B
+$36M+$2.37B
+$63M+$7.33B
+$89M-
+$110M-
+$218M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
FMF
IALT
+6.65%+5.33%
+7.73%n/a
+7.39%n/a
+8.04%n/a
Max drawdown
FMF
IALT
-1.59%-1.97%
-4.50%n/a
-8.51%n/a
-14.04%n/a
Max drawdown duration
FMF
IALT
3d15d
119dn/a
541dn/a
1306dn/a
Trading data

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FMF
IALT
Last sale
10/16/2026 at 1:30 PM
$51.77
$29.71
Previous close
10/15/2026
$51.99
$29.88
Consolidated volume
10/15/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FMF
IALT
Last price
$51.77
$29.71
1D performance
-0.42%
-0.57%
AuM$293.22 M$7.66 B
E/R0.99%0.99%
Characteristics
FMF
IALT
Management strategyActiveActive
ProviderFirst TrustiShares
Benchmark--
N° of holdings--
Asset class--
Trailing 12m distribution yield
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Inception dateAugust 1, 2013December 10, 2025
ESGNoNo
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Exposure

Countries

FMF
Data will be available soon
IALT
Data will be available soon

Sectors

FMF
Data will be available soon
IALT
Data will be available soon
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Diversification

FMF
Data will be available soon
IALT
Data will be available soon

Top 15 holdings

Data as of January 1, 1970
FMF
Data will be available soon
IALT
Data will be available soon
Frequently asked questions about FMF and IALT

How have the FMF and IALT ETFs performed in 2026?

As of October 15, 2026, FMF is up 12.11% year-to-date (YTD), while IALT has returned 17.71%. That puts IALT better performer ahead so far this year.

Which ETF is attracting more investor money: FMF or IALT?

Year-to-date, the FMF ETF saw +$63M in flows, compared to +$7.33B for IALT.

Which ETF is bigger: FMF or IALT?

As of October 15, 2026, FMF holds $293.22 M in assets under management (AUM), while IALT manages $7.66 B.

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