ASFIX vs. DBMF
Compare and contrast key facts about Absolute Strategies Fund (ASFIX) and iM DBi Managed Futures Strategy ETF (DBMF).
ASFIX is managed by Absolute Investment Advisers. It was launched on Jul 26, 2005. 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: ASFIX or DBMF.
Key characteristics
| ASFIX | DBMF | |
|---|---|---|
| YTD Return | 0.00% | 15.47% |
| 1Y Return | -4.30% | 15.81% |
| 3Y Return (Ann) | -5.49% | 8.83% |
| 5Y Return (Ann) | -3.62% | 9.93% |
| Sharpe Ratio | -0.61 | 1.57 |
| Daily Std Dev | 7.29% | 9.88% |
| Max Drawdown | -30.46% | -20.39% |
| Current Drawdown | -28.82% | -5.19% |
Correlation
The correlation between ASFIX and DBMF is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ASFIX vs. DBMF - Performance Comparison
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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ASFIX vs. DBMF - Expense Ratio Comparison
ASFIX has a 1.64% expense ratio, which is higher than DBMF's 0.85% expense ratio.
Risk-Adjusted Performance
ASFIX vs. DBMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Absolute Strategies Fund (ASFIX) 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
ASFIX vs. DBMF - Dividend Comparison
ASFIX's dividend yield for the trailing twelve months is around 0.72%, less than DBMF's 3.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASFIX Absolute Strategies Fund | 0.72% | 0.72% | 0.00% | 2.80% | 0.00% | 0.08% | 0.00% | 0.00% | 14.47% | 8.35% |
DBMF iM DBi Managed Futures Strategy ETF | 3.07% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ASFIX vs. DBMF - Drawdown Comparison
The maximum ASFIX drawdown since its inception was -30.46%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for ASFIX and DBMF. For additional features, visit the drawdowns tool.
Volatility
ASFIX vs. DBMF - Volatility Comparison
The current volatility for Absolute Strategies Fund (ASFIX) is 2.03%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 4.66%. This indicates that ASFIX 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.