DBMF vs. BTC-USD
DBMF (iMGP DBi Managed Futures Strategy ETF) is Systematic Trend fund actively managed by iM Global Partners, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, DBMF returned 7.92%/yr vs 10.82%/yr for BTC-USD. At a 0.08 correlation, their price movements are largely independent.
Performance
DBMF vs. BTC-USD - 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 BTC-USD's -28.54% return.
DBMF
- 1D
- 0.68%
- 1M
- 0.59%
- YTD
- 10.45%
- 6M
- 12.63%
- 1Y
- 29.05%
- 3Y*
- 10.02%
- 5Y*
- 7.92%
- 10Y*
- —
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
DBMF vs. BTC-USD - 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% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 20.46% |
Correlation
The correlation between DBMF and BTC-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.08 |
The correlation between DBMF and BTC-USD shifts across timeframes, from 0.07 (5 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBMF vs. BTC-USD — Risk / Return Rank
DBMF
BTC-USD
DBMF vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.32 | ||
| Sortino ratioReturn per unit of downside risk | +4.44 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.86 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | -0.80 | +5.58 |
| Martin ratioReturn relative to average drawdown | 17.53 | -1.42 | +18.95 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | -0.95 | +3.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.20 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.13 | -0.38 |
Drawdowns
DBMF vs. BTC-USD - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for DBMF and BTC-USD.
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Drawdown Indicators
| DBMF | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -85.30% | +64.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -51.21% | +45.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -51.21% | +35.61% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -76.67% | +56.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -1.75% | -49.86% | +48.11% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -42.32% | +35.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 34.46% | -32.80% |
Volatility
DBMF vs. BTC-USD - Volatility Comparison
The current volatility for iMGP DBi Managed Futures Strategy ETF (DBMF) is 2.94%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that DBMF experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBMF | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 11.59% | -8.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 34.53% | -24.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 35.67% | -23.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 44.95% | -32.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.43% | 56.71% | -44.28% |
Frequently Asked Questions
DBMF and BTC-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to DBMF (2.94%). In terms of maximum drawdown, DBMF dropped -20.39% vs BTC-USD's -85.30%.
DBMF currently has the higher Sharpe Ratio (2.36 vs -0.95), 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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