AHLPX vs. DBMF
Compare and contrast key facts about American Beacon AHL Managed Futures Strategy Fund (AHLPX) and iM DBi Managed Futures Strategy ETF (DBMF).
AHLPX is managed by American Beacon. It was launched on Aug 18, 2014. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AHLPX or DBMF.
Key characteristics
| AHLPX | DBMF | |
|---|---|---|
| YTD Return | 0.93% | 10.42% |
| 1Y Return | 2.30% | 5.98% |
| 3Y Return (Ann) | 3.07% | 7.66% |
| 5Y Return (Ann) | 3.69% | 6.38% |
| Sharpe Ratio | 0.21 | 0.47 |
| Daily Std Dev | 9.25% | 11.67% |
| Max Drawdown | -14.52% | -20.39% |
| Current Drawdown | -9.92% | -9.33% |
Correlation
The correlation between AHLPX and DBMF is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AHLPX vs. DBMF - Performance Comparison
In the year-to-date period, AHLPX achieves a 0.93% return, which is significantly lower than DBMF's 10.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AHLPX vs. DBMF - Expense Ratio Comparison
AHLPX has a 1.83% expense ratio, which is higher than DBMF's 0.85% expense ratio.
Risk-Adjusted Performance
AHLPX vs. DBMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Managed Futures Strategy Fund (AHLPX) and iM DBi Managed Futures Strategy ETF (DBMF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AHLPX vs. DBMF - Dividend Comparison
AHLPX's dividend yield for the trailing twelve months is around 0.62%, less than DBMF's 4.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AHLPX American Beacon AHL Managed Futures Strategy Fund | 0.62% | 0.63% | 17.64% | 7.15% | 5.14% | 4.17% | 1.45% | 4.07% | 0.00% | 3.40% | 2.80% |
DBMF iM DBi Managed Futures Strategy ETF | 4.14% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AHLPX vs. DBMF - Drawdown Comparison
The maximum AHLPX drawdown since its inception was -14.52%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for AHLPX and DBMF. For additional features, visit the drawdowns tool.
Volatility
AHLPX vs. DBMF - Volatility Comparison
The current volatility for American Beacon AHL Managed Futures Strategy Fund (AHLPX) is 2.04%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 4.73%. This indicates that AHLPX experiences smaller price fluctuations and is considered to be less risky than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.