DBMF vs. BND
DBMF (iMGP DBi Managed Futures Strategy ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - DBMF is a Systematic Trend fund actively managed by iM Global Partners, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. DBMF is actively managed, while BND is passively managed. Over the past 5 years, DBMF returned 7.92%/yr vs -0.05%/yr for BND. At a correlation of -0.21, they often move in opposite directions. DBMF charges 0.85%/yr vs 0.03%/yr for BND.
Performance
DBMF vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, DBMF achieves a 10.45% return, which is significantly higher than BND's -0.07% return.
DBMF
- 1D
- 0.68%
- 1M
- 0.59%
- YTD
- 10.45%
- 6M
- 12.63%
- 1Y
- 29.05%
- 3Y*
- 10.02%
- 5Y*
- 7.92%
- 10Y*
- —
BND
- 1D
- -0.03%
- 1M
- -0.67%
- YTD
- -0.07%
- 6M
- 0.23%
- 1Y
- 4.87%
- 3Y*
- 3.89%
- 5Y*
- -0.05%
- 10Y*
- 1.53%
DBMF vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 10.45% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.67% |
BND Vanguard Total Bond Market ETF | -0.07% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 5.54% |
Correlation
The correlation between DBMF and BND is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.36 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | -0.21 |
The correlation between DBMF and BND shifts across timeframes, from -0.36 (5 years) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBMF vs. BND — Risk / Return Rank
DBMF
BND
DBMF vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and Vanguard Total Bond Market ETF (BND). 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.
| DBMF | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.23 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 1.83 | +2.96 |
| Martin ratioReturn relative to average drawdown | 17.53 | 5.43 | +12.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBMF | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.32 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | -0.01 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.58 | +0.17 |
Drawdowns
DBMF vs. BND - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for DBMF and BND.
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Drawdown Indicators
| DBMF | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -18.58% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -2.68% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -5.92% | -9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -17.91% | -2.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.75% | -2.70% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -3.06% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 0.90% | +0.76% |
Volatility
DBMF vs. BND - Volatility Comparison
iMGP DBi Managed Futures Strategy ETF (DBMF) has a higher volatility of 2.94% compared to Vanguard Total Bond Market ETF (BND) at 1.20%. This indicates that DBMF's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBMF | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 1.20% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 2.69% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 3.72% | +8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 6.02% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.43% | 5.53% | +6.90% |
DBMF vs. BND - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
DBMF vs. BND - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.18%, more than BND's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
DBMF iMGP DBi Managed Futures Strategy ETF | 5.18% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBMF and BND have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBMF has higher volatility (2.94%) compared to BND (1.20%). In terms of maximum drawdown, DBMF dropped -20.39% vs BND's -18.58%.
On 5-year performance, DBMF leads with 7.92% vs -0.05% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBMF has performed better with a 7.92% return vs -0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.85% for DBMF.
DBMF has the higher dividend yield at 5.18%, compared with 3.98% for BND.
DBMF is categorized as Systematic Trend, while BND is Total Bond Market. They also come from different issuers: iM Global Partners and Vanguard. Their fees differ too: 0.85% for DBMF and 0.03% for BND.
DBMF currently has the higher Sharpe Ratio (2.36 vs 1.32), 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.
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