DBEH vs. DBMF
Compare and contrast key facts about iM DBi Hedge Strategy ETF (DBEH) and iM DBi Managed Futures Strategy ETF (DBMF).
DBEH and DBMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBEH is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on Dec 18, 2019. 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: DBEH or DBMF.
Key characteristics
| DBEH | DBMF | |
|---|---|---|
| YTD Return | 0.89% | 16.83% |
| 1Y Return | 6.54% | 15.48% |
| 3Y Return (Ann) | 0.66% | 9.56% |
| Sharpe Ratio | 1.04 | 1.71 |
| Daily Std Dev | 6.62% | 9.72% |
| Max Drawdown | -21.42% | -20.39% |
| Current Drawdown | -2.52% | -4.07% |
Correlation
The correlation between DBEH and DBMF is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DBEH vs. DBMF - Performance Comparison
In the year-to-date period, DBEH achieves a 0.89% return, which is significantly lower than DBMF's 16.83% return. 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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DBEH vs. DBMF - Expense Ratio Comparison
Both DBEH and DBMF have an expense ratio of 0.85%.
Risk-Adjusted Performance
DBEH vs. DBMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iM DBi Hedge Strategy ETF (DBEH) 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
DBEH vs. DBMF - Dividend Comparison
DBEH's dividend yield for the trailing twelve months is around 3.96%, more than DBMF's 3.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
DBEH iM DBi Hedge Strategy ETF | 3.96% | 3.05% | 1.54% | 17.43% | 0.06% | 0.02% |
DBMF iM DBi Managed Futures Strategy ETF | 3.03% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
Drawdowns
DBEH vs. DBMF - Drawdown Comparison
The maximum DBEH drawdown since its inception was -21.42%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for DBEH and DBMF. For additional features, visit the drawdowns tool.
Volatility
DBEH vs. DBMF - Volatility Comparison
The current volatility for iM DBi Hedge Strategy ETF (DBEH) is 2.40%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 4.84%. This indicates that DBEH 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.