{"url":"https://etfiq.com/compare/alternatives/imf-vs-ismf","section":"compare","title":"IMF vs ISMF: Correlation to the S&P 500 | ETFIQ","description":"IMF and ISMF both run managed futures strategies. Over the year to Nov 4, 2026, IMF had a correlation of +0.38 with the S&P 500 and ISMF +0.48.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, IMF or ISMF?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 4, 2026, IMF\u2019s weekly returns had a correlation of +0.38 with the S&P 500 and ISMF\u2019s +0.48, so IMF moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, IMF or ISMF?","acceptedAnswer":{"@type":"Answer","text":"In the 26 weeks the S&P 500 fell, by 1.07% a week on average, IMF averaged \u22120.14% and ISMF \u22120.38%, so IMF returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, IMF or ISMF?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, IMF finished 15.6 percentage points ahead of cash and ISMF finished 6.8 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, IMF or ISMF?","acceptedAnswer":{"@type":"Answer","text":"IMF charges 0.65% a year and ISMF charges 0.80%, so IMF 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":"IMF vs ISMF","item":"https://etfiq.com/compare/alternatives/imf-vs-ismf"}]},{"@type":"WebPage","name":"IMF vs ISMF: Correlation to the S&P 500","description":"IMF and ISMF both run managed futures strategies. Over the year to Nov 4, 2026, IMF had a correlation of +0.38 with the S&P 500 and ISMF +0.48.","url":"https://etfiq.com/compare/alternatives/imf-vs-ismf","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, IMF moved less with the S&P 500 than ISMF: correlation +0.38 against +0.48.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of IMF and ISMF","description":"IMF and ISMF both run managed futures strategies. Over the year to Nov 4, 2026, IMF had a correlation of +0.38 with the S&P 500 and ISMF +0.48.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/imf-vs-ismf","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":6744,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / IMF vs ISMF \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n IMF vs ISMF: Correlation to the S&P 500\n\n Over the year to Nov 4, 2026, IMF moved less with the S&P 500 than ISMF: correlation +0.38 against +0.48.\n Copy this for sharing \n \n IMF costs 0.15 points a year less; their one-year returns differ by 9.2 points; IMF is 8.2 times larger.\n IMF and ISMF at a glance. As of Nov 4, 2026. Source: ETFIQ. IMF ISMF \n Expense ratio 0.65% 0.80% \n Net assets, as of Nov 3, 2026 $304m $37m \n Total return, 1 year +20.1% +10.9% \n Holdings in co","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, IMF against ISMF, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/imf-vs-ismf","a":{"ticker":"IMF","name":"Invesco Managed Futures Strategy ETF","issuer":"Invesco","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, IMF returned 20.1%. When the S&P 500 fell, it fell 13% as much.","url":"https://etfiq.com/funds/imf","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.38","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.24","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"13.0%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+15.6 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"1.1%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 22, 2025","value":"$0.4641","as_of":"2025-12-22","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$304m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.65%","as_of":"2026-02-26","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"ISMF","name":"iShares Managed Futures Active ETF","issuer":"iShares","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, ISMF returned 10.9%. When the S&P 500 fell, it fell 36% as much.","url":"https://etfiq.com/funds/ismf","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.48","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.31","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"35.9%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+6.8 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"6.1%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 16, 2025","value":"$1.6376","as_of":"2025-12-16","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$37m","as_of":"2026-11-03","source":"the issuer\u2019s own daily fund list, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.80%","as_of":"2026-02-24","source":"485BPOS XBRL, Feb 24, 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/imf-vs-ismf"}