{"url":"https://etfiq.com/compare/alternatives/asmf-vs-mfut","section":"compare","title":"ASMF vs MFUT: Correlation to the S&P 500 | ETFIQ","description":"ASMF and MFUT both run managed futures strategies. Over the year to Nov 5, 2026, ASMF had a correlation of +0.57 with the S&P 500 and MFUT +0.46.","as_of":"Nov 5, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, ASMF or MFUT?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 5, 2026, ASMF\u2019s weekly returns had a correlation of +0.57 with the S&P 500 and MFUT\u2019s +0.46, so MFUT moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, ASMF or MFUT?","acceptedAnswer":{"@type":"Answer","text":"In the 20 weeks the S&P 500 fell, by 1.61% a week on average, ASMF averaged \u22120.95% and MFUT \u22121.15%, so ASMF returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, ASMF or MFUT?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, ASMF finished 8.2 percentage points ahead of cash and MFUT finished 16.6 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, ASMF or MFUT?","acceptedAnswer":{"@type":"Answer","text":"ASMF charges 0.80% a year and MFUT charges 0.89%, so ASMF is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"ASMF vs MFUT","item":"https://etfiq.com/compare/alternatives/asmf-vs-mfut"}]},{"@type":"WebPage","name":"ASMF vs MFUT: Correlation to the S&P 500","description":"ASMF and MFUT both run managed futures strategies. Over the year to Nov 5, 2026, ASMF had a correlation of +0.57 with the S&P 500 and MFUT +0.46.","url":"https://etfiq.com/compare/alternatives/asmf-vs-mfut","dateModified":"2026-11-05","abstract":"Over the year to Nov 5, 2026, MFUT moved less with the S&P 500 than ASMF: correlation +0.46 against +0.57.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ASMF and MFUT","description":"ASMF and MFUT both run managed futures strategies. Over the year to Nov 5, 2026, ASMF had a correlation of +0.57 with the S&P 500 and MFUT +0.46.","dateModified":"2026-11-05","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/asmf-vs-mfut","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6847,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / ASMF vs MFUT \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 5, 2026 .\n\n ASMF vs MFUT: Correlation to the S&P 500\n\n Over the year to Nov 5, 2026, MFUT moved less with the S&P 500 than ASMF: correlation +0.46 against +0.57.\n Copy this for sharing \n \n ASMF costs 0.09 points a year less; their one-year returns differ by 8.0 points.\n ASMF and MFUT at a glance. As of Nov 5, 2026. Source: ETFIQ. ASMF MFUT \n Expense ratio 0.80% 0.89% \n Net assets, ASMF as of Jul 31, 2026 and MFUT as of Jun 30, 2026 $30m $39m \n Total return, 1 year +11.6% +19.6% \n ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, ASMF against MFUT, data as of Nov 5, 2026. https://etfiq.com/compare/alternatives/asmf-vs-mfut","a":{"ticker":"ASMF","name":"Virtus AlphaSimplex Managed Futures ETF","issuer":"Virtus","desk":"alternatives","as_of":"2026-11-05","verdict":"Over the year to Nov 5, 2026, ASMF returned 11.6%. When the S&P 500 fell, it fell 59% as much.","url":"https://etfiq.com/funds/asmf","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.57","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.50","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"58.8%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+8.2 pts","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.2%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 22, 2025","value":"$0.0517","as_of":"2025-12-22","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$30m","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.80%","as_of":"2025-11-25","source":"485BPOS XBRL, Nov 25, 2025"}]},"b":{"ticker":"MFUT","name":"Cambria Chesapeake Pure Trend ETF","issuer":"Cambria","desk":"alternatives","as_of":"2026-11-05","verdict":"Over the year to Nov 5, 2026, MFUT returned 19.6%. When the S&P 500 fell, it fell 72% as much.","url":"https://etfiq.com/funds/mfut","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.46","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.63","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"71.5%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+16.6 pts","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Last payment, ex-date Dec 5, 2024","value":"$0.0545","as_of":"2024-12-05","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$39m","as_of":"2026-06-30","source":"SEC N-PORT, whole fund, as filed for Jun 30, 2026"},{"label":"Expense ratio","value":"0.89%","as_of":"2026-10-26","source":"485BPOS XBRL, Oct 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/asmf-vs-mfut"}