iShares Managed Futures Active ETF (ISMF) Performance
ISMF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.9% since Dec 31, 2025
- 1 year
- +13.5% total return
- Since first price
- +21.5% since 2025
ISMF trailing returns vs SPY, QQQ, AGG
| Period | ISMF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.3% | +1.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.7% | +2.7% | +7.8% | +8.4% | −1.5% |
| YTD | +8.9% | +8.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.5% | +6.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 13, 2025 | +21.5% | +14.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ISMF vs SPY
From Mar 13, 2025: ISMF grew to $12,154, SPY to $14,053.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ISMF returns by calendar year
2026 is year to date.
ISMF annual returns table
| Year | ISMF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.9% | −3.9% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ISMF risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +14.3% |
| Volatility (annualized) | 6.0% |
| Sharpe ratio | 1.64 |
| Sortino ratio | 3.18 |
| Best month | +3.9% |
| Worst month | −2.5% |
| Best 12 months | +21.3% |
| Worst 12 months | +15.1% |
| Positive months | 78% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ISMF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | +13.8% | +19.5% | +21.3% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
ISMF performance overview
iShares Managed Futures Active ETF (ISMF) returned +13.5% over the past year, with distributions reinvested. Since its first recorded price on Mar 13, 2025 it has returned +21.5%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: ISMF chart, ISMF dividends. See the ISMF overview for the latest quote and fund facts.
ISMF performance FAQ
What is the ISMF return over the past year?
ISMF returned +13.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.7%.
How much would $10,000 invested in ISMF be worth?
$10,000 invested in ISMF at its first recorded close on March 13, 2025 would be worth about $12,154 on October 23, 2026 with distributions reinvested.
How volatile is ISMF?
Over the past history ISMF had an annualized volatility of 6.0% and a Sharpe ratio of 1.64 (excess return over 1–3 month T-bills per unit of risk).