AVIV vs. DBMF

Last updated Jun 9, 2026

AVIV (Avantis International Large Cap Value ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - AVIV is a Foreign Large Cap Equities fund tracking the MSCI World ex-U.S. Value Index, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. AVIV is passively managed, while DBMF is actively managed. Over the past 3 years, AVIV returned 21.16%/yr vs 10.02%/yr for DBMF. At a 0.09 correlation, their price movements are largely independent. AVIV charges 0.25%/yr vs 0.85%/yr for DBMF.

Performance

AVIV vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Large Cap Value ETF (AVIV) and iMGP DBi Managed Futures Strategy ETF (DBMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVIV achieves a 9.92% return, which is significantly lower than DBMF's 10.45% return.

AVIV

• 1D: 0.53%
• 1M: -1.05%
• YTD: 9.92%
• 6M: 13.21%
• 1Y: 29.84%
• 3Y*: 21.16%
• 5Y*: —
• 10Y*: —

DBMF

• 1D: 0.68%
• 1M: 0.59%
• YTD: 10.45%
• 6M: 12.63%
• 1Y: 29.05%
• 3Y*: 10.02%
• 5Y*: 7.92%
• 10Y*: —

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

AVIV vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVIV Avantis International Large Cap Value ETF	9.92%	41.80%	4.30%	18.47%	-8.26%	1.93%
DBMF iMGP DBi Managed Futures Strategy ETF	10.45%	13.85%	7.24%	-8.94%	21.61%	2.11%

Correlation

The correlation between AVIV and DBMF is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.09

Over the past year, AVIV and DBMF have become more correlated (0.44) than their long-term average of 0.09, meaning their price movements have been converging.

AVIV vs. DBMF - Sectors Allocation Comparison

Sectors	AVIV	DBMF
Financial Services	27.5%	12.5%
Industrials	17.3%	8.4%
Energy	14.2%	3.9%
Basic Materials	12.4%	2.2%
Consumer Cyclical	10.2%	11.0%
Healthcare	4.8%	12.7%
Communication Services	4.6%	8.6%
Technology	3.5%	29.8%
Consumer Defensive	3.4%	6.1%
Utilities	1.1%	2.3%
Real Estate	1.0%	2.5%

Return for Risk

AVIV vs. DBMF — Risk / Return Rank

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

AVIV

AVIV Risk / Return Rank: 68
AVIV Sharpe Ratio Rank: 72
AVIV Sortino Ratio Rank: 70
AVIV Omega Ratio Rank: 72
AVIV Calmar Ratio Rank: 61
AVIV Martin Ratio Rank: 66

DBMF

DBMF Risk / Return Rank: 84
DBMF Sharpe Ratio Rank: 81
DBMF Sortino Ratio Rank: 77
DBMF Omega Ratio Rank: 88
DBMF Calmar Ratio Rank: 89
DBMF Martin Ratio Rank: 88

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.

AVIV vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) and iMGP 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.

	AVIV	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.36	-0.27
Sortino ratio: Return per unit of downside risk	2.86	3.08	-0.22
Omega ratio: Gain probability vs. loss probability	1.38	1.50	-0.12
Calmar ratio: Return relative to maximum drawdown	2.78	4.78	-2.00
Martin ratio: Return relative to average drawdown	10.91	17.53	-6.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVIV vs. DBMF - Sharpe Ratio Comparison

The current AVIV Sharpe Ratio is 2.10, which is comparable to the DBMF Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of AVIV and DBMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVIV	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.36	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.75	+0.05

Drawdowns

AVIV vs. DBMF - Drawdown Comparison

The maximum AVIV drawdown since its inception was -27.69%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for AVIV and DBMF.

Drawdown Indicators

	AVIV	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-27.69%	-20.39%	-7.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.78%	-6.10%	-4.68%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-15.60%	+1.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Current Drawdown Current decline from peak	-2.79%	-1.75%	-1.04%
Average Drawdown Average peak-to-trough decline	-5.11%	-6.58%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.66%	+1.08%

Volatility

AVIV vs. DBMF - Volatility Comparison

Avantis International Large Cap Value ETF (AVIV) has a higher volatility of 4.23% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.94%. This indicates that AVIV's price experiences larger fluctuations and is considered to be riskier than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVIV	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	2.94%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	10.01%	+2.01%
Volatility (1Y) Calculated over the trailing 1-year period	14.33%	12.38%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	12.56%	+4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	12.43%	+4.47%

AVIV vs. DBMF - Expense Ratio Comparison

AVIV has a 0.25% expense ratio, which is lower than DBMF's 0.85% expense ratio.

Dividends

AVIV vs. DBMF - Dividend Comparison

AVIV's dividend yield for the trailing twelve months is around 2.87%, less than DBMF's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVIV Avantis International Large Cap Value ETF	2.87%	3.01%	3.46%	3.64%	2.84%	0.57%	0.00%	0.00%
DBMF iMGP DBi Managed Futures Strategy ETF	5.18%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%

Frequently Asked Questions

Can I hold both AVIV and DBMF in my portfolio?

AVIV and DBMF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVIV or DBMF?

AVIV has higher volatility (4.23%) compared to DBMF (2.94%). In terms of maximum drawdown, AVIV dropped -27.69% vs DBMF's -20.39%.

Which ETF is better, AVIV or DBMF?

On 3-year performance, AVIV leads with 21.16% vs 10.02% for DBMF. On fees, AVIV is cheaper at 0.25% per year. On volatility, DBMF has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVIV or DBMF?

Over the 3-year period, AVIV has performed better with a 21.16% return vs 10.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVIV or DBMF?

AVIV is cheaper with a 0.25% expense ratio, compared with 0.85% for DBMF.

Which ETF pays a higher dividend yield, AVIV or DBMF?

DBMF has the higher dividend yield at 5.18%, compared with 2.87% for AVIV.

What is the main difference between AVIV and DBMF?

AVIV is categorized as Foreign Large Cap Equities, while DBMF is Systematic Trend. They also come from different issuers: Avantis and iM Global Partners. Their fees differ too: 0.25% for AVIV and 0.85% for DBMF.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.36 vs 2.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.