IQ

Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Alternative ETFs

ISMF vs WTMF: Correlation to the S&P 500

Share
Share on XDownload as PDF

Over the year to Nov 4, 2026, ISMF moved less with the S&P 500 than WTMF: correlation +0.48 against +0.62.

askIQ about this page

askIQ about ISMF and WTMF

Net assets: $37m on Nov 3, 2026 for iShares Managed Futures Active ETF, and $261m on Aug 31, 2026 for WisdomTree Managed Futures Strategy Fund.

ISMF on its own →WTMF on its own →
At a glance
+0.48
ISMF correlation with the S&P 500
+0.62
WTMF correlation with the S&P 500
35.9%
ISMF down-week capture
34.4%
WTMF down-week capture
ISMF Fell 36% as much as the S&P 500
Fell 36% as much as the S&P 500ISMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ISMF −0.38%.SPY−1.07%ISMF−0.38%Average week when SPY fell: 26 of 52, year to Nov 4, 2026Fell 36% as much as the S&P 500ISMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ISMF −0.38%.SPY−1.07%ISMF−0.38%Average week when SPY fell

ISMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ISMF −0.38%.

WTMF Fell 34% as much as the S&P 500
Fell 34% as much as the S&P 500WTMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, WTMF −0.37%.SPY−1.07%WTMF−0.37%Average week when SPY fell: 26 of 52, year to Nov 4, 2026Fell 34% as much as the S&P 500WTMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, WTMF −0.37%.SPY−1.07%WTMF−0.37%Average week when SPY fell

WTMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, WTMF −0.37%.

Pair scorecard

WTMF costs 0.14 points a year less; their one-year returns differ by 1.8 points.

ISMF vs WTMF: Correlation to the S&P 500
MeasureISMFWTMF
Return
Total return, 1 year+10.9%+12.7%
Against its benchmark
Treasury bills, 52 weeks+3.7%
Cost and size
Expense ratio0.80%0.66%
Net assets, ISMF as of Nov 3, 2026 and WTMF as of Aug 31, 2026$37m$261m
Holdings
Holdings in commonnot published
Risk
Beta to the S&P 500+0.31: about 0.31% for each 1%+0.38: about 0.38% for each 1%
Its average week when the S&P 500 fellfell 0.38%fell 0.37%
ETFIQ Stock Diversification Score · ISMF scores higher How much does it diversify a stock portfolio?
IQ Alternatives Score50ISMF44.1WTMF

How much it diversifies a stock portfolio, ranked against 17 systematic trend alternatives ETFs with a full year. 100 is best. How it is computed

2.9, the lowest in this set 94.2, the highest

One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. All alternatives ETFs ranked by it →

Method

Window by window

Window by window: ISMF vs WTMF: Correlation to the S&P 500
Total return
WindowISMFWTMF
3 months−0.7%+1.6%
6 months−1.1%+3.0%
1 year+10.9%+12.7%
3 years–+33.3%
Since launchNot the same days: ISMF Mar 2025 · WTMF Jan 2011+17.9%+21.0%

– means no data for this window. Open this comparison in the app →

Side by side

ISMF iShares Managed Futures Active ETF · Managed futures fund: follows price trends in futures on stocks, bonds, currencies and commodities, and can bet on falls as well as rises WTMF WisdomTree Managed Futures Strategy Fund · Managed futures fund: follows price trends in futures on stocks, bonds, currencies and commodities, and can bet on falls as well as rises
Issuer iShares WisdomTree
Strategy Managed futures Managed futures
Correlation with the S&P 500 +0.48 +0.62
Beta to the S&P 500 +0.31 +0.38
Down-week capture 35.9% 34.4%
Average week when the S&P 500 fell −0.38% −0.37%
The S&P 500 in those weeks −1.07% −1.07%
Total return, same 52 weeks +10.5% +11.8%
Against T-bills, percentage points +6.8 pts +8.1 pts
Expense ratio 0.80% 0.66%
First traded Mar 13, 2025 Jan 5, 2011
Net assets, ISMF as of Nov 3, 2026 and WTMF as of Aug 31, 2026 $37m $261m

As of Nov 4, 2026. Source: ETFIQ.

One strategy, two funds

ISMF and WTMF both run a managed futures strategy. Over the same 52 weeks to Nov 4, 2026, ISMF’s weekly returns had a correlation of +0.48 with the S&P 500 and WTMF’s +0.62. In the 26 weeks the index fell, by 1.07% a week on average, ISMF averaged −0.38% and WTMF −0.37%. Over the same weeks, ISMF finished 6.8 percentage points ahead of cash and WTMF finished 8.1 points ahead of cash.

Alert

ISMF flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
ISMF

ISMF is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.48 with the S&P 500’s and a beta of +0.31, so for each 1% the index moved it moved about 0.31% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks ISMF fell 0.38% on average, a down-week capture of 35.9%. Over the same 52 weeks ISMF returned +10.5% and a Treasury bill fund +3.7%, so it finished 6.8 percentage points ahead of cash.

WTMF

WTMF is a managed futures fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.62 with the S&P 500’s and a beta of +0.38, so for each 1% the index moved it moved about 0.38% the same way. In the same weeks WTMF fell 0.37% on average, a down-week capture of 34.4%. Over the same 52 weeks WTMF returned +11.8% and a Treasury bill fund +3.7%, so it finished 8.1 percentage points ahead of cash.

Questions people ask

Which moved less with the S&P 500, ISMF or WTMF?
Over the 52 weeks to Nov 4, 2026, ISMF’s weekly returns had a correlation of +0.48 with the S&P 500 and WTMF’s +0.62, so ISMF moved less with the index.
Which did better when the S&P 500 fell, ISMF or WTMF?
In the 26 weeks the S&P 500 fell, by 1.07% a week on average, ISMF averaged −0.38% and WTMF −0.37%, so WTMF returned more in those weeks.
Which earned more than cash, ISMF or WTMF?
Over the same weeks, ISMF finished 6.8 percentage points ahead of cash and WTMF finished 8.1 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.
Which is cheaper, ISMF or WTMF?
ISMF charges 0.80% a year and WTMF charges 0.66%, so WTMF is cheaper. Fees come from each fund's prospectus.
Other comparisons
ISMF vs FMFISMF vs IMFISMF vs FFUTISMF vs TFPNWTMF vs MFUTWTMF vs ASMFWTMF vs AHLTWTMF vs KMLM
Where to next
BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →ISMF on its own →WTMF on its own →ISMF dividend history →WTMF dividend history →Method →Standards and sources →
Sources and dates
ISMF filings on SEC EDGAR ↗
ISMF prospectus with the expense ratio (SEC) ↗
iShares page for ISMF ↗
WTMF filings on SEC EDGAR ↗
WTMF prospectus with the expense ratio (SEC) ↗
WisdomTree website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ISMF against WTMF, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/ismf-vs-wtmf

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.