DBMF vs. BRK-B
DBMF (iMGP DBi Managed Futures Strategy ETF) is Systematic Trend fund actively managed by iM Global Partners, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, DBMF returned 8.01%/yr vs 11.27%/yr for BRK-B. At a 0.07 correlation, their price movements are largely independent.
Performance
DBMF vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, DBMF achieves a 10.27% return, which is significantly higher than BRK-B's -2.67% return.
DBMF
- 1D
- 0.26%
- 1M
- -0.96%
- YTD
- 10.27%
- 6M
- 11.24%
- 1Y
- 27.33%
- 3Y*
- 9.64%
- 5Y*
- 8.01%
- 10Y*
- —
BRK-B
- 1D
- 0.71%
- 1M
- 0.77%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- -0.22%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
DBMF vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 10.27% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.51% |
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 8.15% |
Correlation
The correlation between DBMF and BRK-B is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.07 |
The correlation between DBMF and BRK-B shifts across timeframes, from -0.04 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBMF vs. BRK-B — Risk / Return Rank
DBMF
BRK-B
DBMF vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and Berkshire Hathaway Inc. (BRK-B). 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.
| DBMF | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.01 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | -0.02 | +4.52 |
| Martin ratioReturn relative to average drawdown | 16.30 | -0.05 | +16.35 |
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Drawdowns
DBMF vs. BRK-B - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for DBMF and BRK-B.
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Drawdown Indicators
| DBMF | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -53.86% | +33.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -9.42% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -14.95% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -26.58% | +6.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -1.91% | -9.36% | +7.45% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -11.07% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 4.53% | -2.85% |
Volatility
DBMF vs. BRK-B - Volatility Comparison
The current volatility for iMGP DBi Managed Futures Strategy ETF (DBMF) is 2.71%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.95%. This indicates that DBMF experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBMF | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 3.95% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 10.78% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 14.38% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 17.12% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 19.44% | -7.03% |
Dividends
DBMF vs. BRK-B - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.19%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBMF iMGP DBi Managed Futures Strategy ETF | 5.19% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
Frequently Asked Questions
DBMF and BRK-B have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRK-B has higher volatility (3.95%) compared to DBMF (2.71%). In terms of maximum drawdown, DBMF dropped -20.39% vs BRK-B's -53.86%.
DBMF currently has the higher Sharpe Ratio (2.22 vs -0.02), 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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