- ISIN
- US56170L8283
- CUSIP
- 53700T827
- Issuer
- iMGP
- Inception Date
- May 8, 2019
- Region
- North America (U.S.)
- Category
- Systematic Trend
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $54.84M
Share Price Chart
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Performance
DBMF Performance Chart
iMGP DBi Managed Futures Strategy ETF (DBMF) is up 11.2% since the beginning of the year. DBMF is currently trading at $31 per share. Investors who bought $1,000 worth of DBMF shares 5 years ago would now be looking at an investment worth $1,493.
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Returns By Period
iMGP DBi Managed Futures Strategy ETF (DBMF) has returned 11.19% so far this year and 28.45% over the past 12 months.
iMGP DBi Managed Futures Strategy ETF
- 1D
- 0.26%
- 1M
- 1.95%
- 6M
- 6.88%
- YTD
- 11.19%
- 1Y
- 28.45%
- 3Y*
- 9.09%
- 5Y*
- 8.34%
- 10Y*
- —
- ALL TIME*
- 9.17%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DBMF Monthly Returns History
Based on dividend-adjusted daily data since May 8, 2019, DBMF's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2022 with a return of +10.6%, while the worst month was Nov 2022 at -8.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DBMF closed higher 55% of trading days. The best single day was Feb 6, 2026 with a return of +3.3%, while the worst single day was Nov 26, 2021 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.03% | 7.81% | -3.82% | 1.36% | 1.44% | -0.76% | 1.01% | 11.19% | |||||
| 2025 | 1.19% | -2.30% | -1.63% | -0.00% | -0.16% | 2.70% | -0.47% | 1.33% | 5.79% | 3.88% | 1.90% | 1.09% | 13.85% |
| 2024 | 2.45% | 3.64% | 5.45% | 4.36% | -0.97% | 2.28% | -3.73% | -3.08% | 1.17% | -4.27% | 1.04% | -0.76% | 7.24% |
| 2023 | -3.23% | 0.75% | -7.33% | 0.99% | 0.56% | 3.44% | -0.36% | 0.33% | 4.63% | -0.38% | -5.21% | -2.86% | -8.94% |
| 2022 | 0.40% | 3.11% | 7.07% | 10.59% | -0.98% | 3.48% | -3.58% | 2.72% | 5.77% | 0.97% | -8.84% | 0.42% | 21.61% |
| 2021 | -0.12% | 4.44% | 2.92% | 2.25% | 2.89% | -1.30% | 0.74% | -2.64% | -0.13% | 4.17% | -2.37% | 0.41% | 11.49% |
Benchmark Metrics
iMGP DBi Managed Futures Strategy ETF has an annualized alpha of 8.08%, beta of 0.12, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 08, 2019.
- This ETF captured 10.84% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -36.39%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.12 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 8.08%
- Beta
- 0.12
- R²
- 0.04
- Upside Capture
- 10.84%
- Downside Capture
- -36.39%
Expense Ratio
DBMF has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DBMF ranks 90 for risk / return — above 90% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBMF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 2.00 | +2.53 |
| Martin ratioReturn relative to average drawdown | 15.42 | 8.49 | +6.93 |
Dividends
Dividend History
iMGP DBi Managed Futures Strategy ETF provided a 5.11% dividend yield over the last twelve months, with an annual payout of $1.58 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.58 | $1.66 | $1.50 | $0.75 | $2.25 | $2.68 | $0.22 | $2.37 |
Dividend yield | 5.11% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
Monthly Dividends
The table displays the monthly dividend distributions for iMGP DBi Managed Futures Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.27 | |||||
| 2025 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $1.17 | $1.66 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.84 | $1.50 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.25 | $2.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.68 | $2.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iMGP DBi Managed Futures Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iMGP DBi Managed Futures Strategy ETF was 20.39%, occurring on Mar 24, 2023. Recovery took 688 trading sessions.
The current iMGP DBi Managed Futures Strategy ETF drawdown is 1.81%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-20.39%Mar 2023 | 5mo 4d | 2y 9mo | 3y 2moOct 2022 - Dec 2025 | — |
-10.43%Mar 2020 | 26d | 10mo 27d | 11mo 23dFeb 2020 - Feb 2021 | COVID crash2020 |
-7.38%Aug 2022 | 1mo 18d | 1mo 21d | 3mo 9dJun 2022 - Sep 2022 | Bear market2022 |
-6.73%Sep 2019 | 8d | 4mo 5d | 4mo 13dSep 2019 - Jan 2020 | — |
-6.18%Dec 2021 | 15d | 2mo 11d | 2mo 26dNov 2021 - Feb 2022 | — |
Drawdown Indicators
| DBMF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -56.78% | +36.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -9.10% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -18.90% | +3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -25.43% | +5.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.81% | -1.58% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -10.70% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.14% | -0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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