I think this is a rather naive Barron's article on Managed Futures. The Barclay's CTA index has much higher turnover than the S&P 500 so funds that have the worst performance are usually eliminated from it which greatly distorts the return numbers. This article also doesn't even mention fees which I'd bet are quite high as most managed futures funds are significantly more expensive than mutual funds. I've seen a lot of CTA's and the returns have been terrible. That doesn't mean that there aren't some good funds but I believe there are a lot of problems in the industry. These funds should be limited to accredited investors only as I've seen many retirees lose a large portion of their savings primarily to pay the fees of CTA's from unscrupulous commodities brokers.