BIMBX vs. DBMF

Last updated Aug 1, 2026

BIMBX (BlackRock Systematic Multi-Strategy Class I) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both funds - BIMBX is a Diversified Portfolio fund managed by BlackRock, while DBMF is a Systematic Trend fund actively managed by iMGP. Over the past 5 years, BIMBX returned 3.57%/yr vs 8.34%/yr for DBMF. Their -0.05 correlation means they have often moved in opposite directions in the past. BIMBX charges 0.98%/yr vs 0.85%/yr for DBMF.

Performance

BIMBX vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Systematic Multi-Strategy Class I (BIMBX) 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, BIMBX achieves a 1.27% return, which is significantly lower than DBMF's 11.19% return.

BIMBX

• 1D: 0.10%
• 1M: 0.02%
• 6M: 0.11%
• YTD: 1.27%
• 1Y: 3.87%
• 3Y*: 6.21%
• 5Y*: 3.57%
• 10Y*: 4.54%
• ALL TIME*: 4.90%

DBMF

• 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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BIMBX BlackRock Systematic Multi-Strategy Class I	$0.00	$0.00	$0.00
DBMF iMGP DBi Managed Futures Strategy ETF	$63.53M	$54.84M	$51.08M

BIMBX vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BIMBX BlackRock Systematic Multi-Strategy Class I	1.27%	5.00%	6.83%	6.43%	-2.95%	6.18%	3.57%	3.98%
DBMF iMGP DBi Managed Futures Strategy ETF	11.19%	13.85%	7.24%	-8.94%	21.61%	11.49%	1.80%	10.51%

Correlation

The correlation between BIMBX and DBMF is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.09
Correlation (3Y) Balances recent behavior with more history.	-0.10
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.16
Correlation (All Time) Calculated using the full available price history since May 8, 2019	-0.05

The correlation between BIMBX and DBMF shifts across timeframes, from -0.16 (5 years) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BIMBX vs. DBMF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BIMBX

BIMBX Risk / Return Rank: 27
BIMBX Sharpe Ratio Rank: 34
BIMBX Sortino Ratio Rank: 35
BIMBX Omega Ratio Rank: 33
BIMBX Calmar Ratio Rank: 19
BIMBX Martin Ratio Rank: 14

DBMF

DBMF Risk / Return Rank: 90
DBMF Sharpe Ratio Rank: 89
DBMF Sortino Ratio Rank: 87
DBMF Omega Ratio Rank: 91
DBMF Calmar Ratio Rank: 93
DBMF Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BIMBX vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Class I (BIMBX) 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.

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.

	BIMBX	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.18	-1.14
Sortino ratio: Return per unit of downside risk	1.59	2.87	-1.28
Omega ratio: Gain probability vs. loss probability	1.19	1.44	-0.25
Calmar ratio: Return relative to maximum drawdown	0.86	4.54	-3.67
Martin ratio: Return relative to average drawdown	1.91	15.42	-13.51

BIMBX vs. DBMF - Sharpe Ratio Comparison

The current BIMBX Sharpe Ratio is 1.04, which is lower than the DBMF Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of BIMBX 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.

Drawdowns

BIMBX vs. DBMF - Drawdown Comparison

The maximum BIMBX drawdown since its inception was -8.73%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for BIMBX and DBMF.

Drawdown Indicators

	BIMBX	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-8.73%	-20.39%	+11.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.09%	-6.10%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-5.09%	-15.60%	+10.51%
Max Drawdown (5Y) Largest decline over 5 years	-6.50%	-20.39%	+13.89%
Max Drawdown (10Y) Largest decline over 10 years	-8.73%	—	—
Current Drawdown Current decline from peak	-2.85%	-1.81%	-1.04%
Average Drawdown Average peak-to-trough decline	-1.22%	-6.48%	+5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	1.79%	+0.51%

Volatility

BIMBX vs. DBMF - Volatility Comparison

The current volatility for BlackRock Systematic Multi-Strategy Class I (BIMBX) is 1.29%, while iMGP DBi Managed Futures Strategy ETF (DBMF) has a volatility of 2.31%. This indicates that BIMBX 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.

Volatility by Period

	BIMBX	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	2.31%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	3.47%	9.81%	-6.34%
Volatility (1Y) Calculated over the trailing 1-year period	4.23%	12.68%	-8.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.68%	12.44%	-8.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.60%	12.36%	-8.76%

BIMBX vs. DBMF - Expense Ratio Comparison

BIMBX has a 0.98% expense ratio, which is higher than DBMF's 0.85% expense ratio.

Dividends

BIMBX vs. DBMF - Dividend Comparison

BIMBX's dividend yield for the trailing twelve months is around 3.53%, less than DBMF's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIMBX BlackRock Systematic Multi-Strategy Class I	3.53%	2.27%	4.07%	4.48%	4.99%	2.62%	1.31%	3.90%	8.93%	4.08%	5.00%
DBMF iMGP DBi Managed Futures Strategy ETF	5.11%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIMBX and DBMF in my portfolio?

BIMBX and DBMF have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIMBX or DBMF?

DBMF has higher volatility (2.31%) compared to BIMBX (1.29%). In terms of maximum drawdown, BIMBX dropped -8.73% vs DBMF's -20.39%.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.18 vs 1.04), 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.