CHKP vs. DBMF

Last updated Jun 5, 2026

CHKP (Check Point Software Technologies Ltd.) is a stock, while DBMF (iMGP DBi Managed Futures Strategy ETF) is Systematic Trend fund actively managed by iM Global Partners. Over the past 5 years, CHKP returned 2.61%/yr vs 8.37%/yr for DBMF. At a 0.07 correlation, their price movements are largely independent.

Performance

CHKP vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Check Point Software Technologies Ltd. (CHKP) 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, CHKP achieves a -26.46% return, which is significantly lower than DBMF's 11.95% return.

CHKP

• 1D: 0.57%
• 1M: 16.00%
• YTD: -26.46%
• 6M: -30.32%
• 1Y: -40.90%
• 3Y*: 3.25%
• 5Y*: 2.61%
• 10Y*: 4.81%

DBMF

• 1D: -0.41%
• 1M: 1.79%
• YTD: 11.95%
• 6M: 14.16%
• 1Y: 30.19%
• 3Y*: 10.79%
• 5Y*: 8.37%
• 10Y*: —

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

CHKP vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CHKP Check Point Software Technologies Ltd.	-26.46%	-0.61%	22.19%	21.11%	8.24%	-12.30%	19.78%	-5.20%
DBMF iMGP DBi Managed Futures Strategy ETF	11.95%	13.85%	7.24%	-8.94%	21.61%	11.49%	1.80%	10.67%

Correlation

The correlation between CHKP and DBMF is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 9, 2019	0.07

Return for Risk

CHKP vs. DBMF — Risk / Return Rank

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

CHKP

CHKP Risk / Return Rank: 6
CHKP Sharpe Ratio Rank: 3
CHKP Sortino Ratio Rank: 7
CHKP Omega Ratio Rank: 5
CHKP Calmar Ratio Rank: 11
CHKP Martin Ratio Rank: 5

DBMF

DBMF Risk / Return Rank: 83
DBMF Sharpe Ratio Rank: 78
DBMF Sortino Ratio Rank: 74
DBMF Omega Ratio Rank: 87
DBMF Calmar Ratio Rank: 87
DBMF Martin Ratio Rank: 87

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.

CHKP vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Check Point Software Technologies Ltd. (CHKP) 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.

	CHKP	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	2.49	-3.57
Sortino ratio: Return per unit of downside risk	-1.39	3.27	-4.66
Omega ratio: Gain probability vs. loss probability	0.79	1.53	-0.74
Calmar ratio: Return relative to maximum drawdown	-0.79	4.97	-5.76
Martin ratio: Return relative to average drawdown	-1.57	18.33	-19.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHKP vs. DBMF - Sharpe Ratio Comparison

The current CHKP Sharpe Ratio is -1.08, which is lower than the DBMF Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of CHKP 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

	CHKP	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.08	2.49	-3.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.67	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.77	-0.51

Drawdowns

CHKP vs. DBMF - Drawdown Comparison

The maximum CHKP drawdown since its inception was -89.31%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for CHKP and DBMF.

Drawdown Indicators

	CHKP	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-89.31%	-20.39%	-68.92%
Max Drawdown (1Y) Largest decline over 1 year	-51.83%	-6.10%	-45.73%
Max Drawdown (3Y) Largest decline over 3 years	-51.83%	-15.60%	-36.23%
Max Drawdown (5Y) Largest decline over 5 years	-51.83%	-20.39%	-31.44%
Max Drawdown (10Y) Largest decline over 10 years	-51.83%	—	—
Current Drawdown Current decline from peak	-41.55%	-0.41%	-41.14%
Average Drawdown Average peak-to-trough decline	-41.58%	-6.58%	-35.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.12%	1.65%	+24.47%

Volatility

CHKP vs. DBMF - Volatility Comparison

Check Point Software Technologies Ltd. (CHKP) has a higher volatility of 9.61% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.18%. This indicates that CHKP'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

	CHKP	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.61%	2.18%	+7.43%
Volatility (6M) Calculated over the trailing 6-month period	32.44%	9.77%	+22.67%
Volatility (1Y) Calculated over the trailing 1-year period	37.93%	12.17%	+25.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.58%	12.52%	+15.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.03%	12.41%	+13.62%

Dividends

CHKP vs. DBMF - Dividend Comparison

CHKP has not paid dividends to shareholders, while DBMF's dividend yield for the trailing twelve months is around 5.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CHKP Check Point Software Technologies Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBMF iMGP DBi Managed Futures Strategy ETF	5.11%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%

Frequently Asked Questions

Can I hold both CHKP and DBMF in my portfolio?

CHKP and DBMF have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHKP or DBMF?

CHKP has higher volatility (9.61%) compared to DBMF (2.18%). In terms of maximum drawdown, CHKP dropped -89.31% vs DBMF's -20.39%.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.49 vs -1.08), 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.