ALLW vs. DBMF

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Bridgewater All Weather ETF (ALLW) and iM DBi Managed Futures Strategy ETF (DBMF).

ALLW and DBMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALLW is an actively managed fund by State Street. It was launched on Mar 5, 2025. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.

Performance

ALLW vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bridgewater All Weather ETF (ALLW) and iM DBi Managed Futures Strategy ETF (DBMF). The values are adjusted to include any dividend payments, if applicable.

ALLW vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025
ALLW SPDR Bridgewater All Weather ETF	4.95%	15.04%
DBMF iM DBi Managed Futures Strategy ETF	7.87%	17.58%

Returns By Period

In the year-to-date period, ALLW achieves a 4.95% return, which is significantly lower than DBMF's 7.87% return.

ALLW

• 1D: 1.98%
• 1M: -4.28%
• YTD: 4.95%
• 6M: 8.24%
• 1Y: 19.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBMF

• 1D: -0.20%
• 1M: -3.82%
• YTD: 7.87%
• 6M: 15.44%
• 1Y: 26.29%
• 3Y*: 9.90%
• 5Y*: 8.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALLW vs. DBMF - Expense Ratio Comparison

Both ALLW and DBMF have an expense ratio of 0.85%.

ALLW

SPDR Bridgewater All Weather ETF

DBMF

iM DBi Managed Futures Strategy ETF

Return for Risk

ALLW vs. DBMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALLW

ALLW Risk / Return Rank: 84
ALLW Sharpe Ratio Rank: 83
ALLW Sortino Ratio Rank: 82
ALLW Omega Ratio Rank: 83
ALLW Calmar Ratio Rank: 84
ALLW Martin Ratio Rank: 88

DBMF

DBMF Risk / Return Rank: 95
DBMF Sharpe Ratio Rank: 94
DBMF Sortino Ratio Rank: 95
DBMF Omega Ratio Rank: 95
DBMF Calmar Ratio Rank: 96
DBMF Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALLW vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bridgewater All Weather ETF (ALLW) 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.

	ALLW	DBMF	Difference
Sharpe ratio Return per unit of total volatility	1.53	2.19	-0.65
Sortino ratio Return per unit of downside risk	2.06	2.98	-0.92
Omega ratio Gain probability vs. loss probability	1.31	1.46	-0.15
Calmar ratio Return relative to maximum drawdown	2.34	4.25	-1.91
Martin ratio Return relative to average drawdown	10.17	18.51	-8.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALLW vs. DBMF - Sharpe Ratio Comparison

The current ALLW Sharpe Ratio is 1.53, which is comparable to the DBMF Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of ALLW and DBMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ALLW	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.19	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.51	0.74	+0.78

Correlation

The correlation between ALLW and DBMF is 0.65, 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.

Dividends

ALLW vs. DBMF - Dividend Comparison

ALLW's dividend yield for the trailing twelve months is around 4.45%, less than DBMF's 5.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
ALLW SPDR Bridgewater All Weather ETF	4.45%	4.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBMF iM DBi Managed Futures Strategy ETF	5.30%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%

Drawdowns

ALLW vs. DBMF - Drawdown Comparison

The maximum ALLW drawdown since its inception was -8.78%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for ALLW and DBMF.

Drawdown Indicators

	ALLW	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-8.78%	-20.39%	+11.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-6.10%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Current Drawdown Current decline from peak	-4.28%	-3.82%	-0.46%
Average Drawdown Average peak-to-trough decline	-1.18%	-6.70%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.40%	+0.62%

Volatility

ALLW vs. DBMF - Volatility Comparison

SPDR Bridgewater All Weather ETF (ALLW) and iM DBi Managed Futures Strategy ETF (DBMF) have volatilities of 5.41% and 5.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALLW	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	5.24%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	11.10%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	12.09%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.83%	12.66%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.83%	12.48%	+0.35%