DBMF vs. DBEH

Last updated Apr 1, 2026

Compare and contrast key facts about iM DBi Managed Futures Strategy ETF (DBMF) and iM DBi Hedge Strategy ETF (DBEH).

DBMF and DBEH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019. DBEH is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on Dec 18, 2019.

Performance

DBMF vs. DBEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iM DBi Managed Futures Strategy ETF (DBMF) and iM DBi Hedge Strategy ETF (DBEH). The values are adjusted to include any dividend payments, if applicable.

DBMF vs. DBEH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DBMF iM DBi Managed Futures Strategy ETF	7.87%	13.85%	7.24%	-8.94%	21.61%	11.49%	1.80%	0.30%
DBEH iM DBi Hedge Strategy ETF	0.00%	0.00%	5.57%	7.23%	-6.05%	4.95%	23.41%	0.05%

Returns By Period

DBMF

• 1D: -0.20%
• 1M: -3.82%
• YTD: 7.87%
• 6M: 15.44%
• 1Y: 26.29%
• 3Y*: 9.90%
• 5Y*: 8.63%
• 10Y*: —

DBEH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBMF vs. DBEH - Expense Ratio Comparison

Both DBMF and DBEH have an expense ratio of 0.85%.

DBMF

iM DBi Managed Futures Strategy ETF

DBEH

iM DBi Hedge Strategy ETF

Return for Risk

DBMF vs. DBEH — Risk / Return Rank

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

DBMF

DBMF Risk / Return Rank: 95
DBMF Sharpe Ratio Rank: 94
DBMF Sortino Ratio Rank: 95
DBMF Omega Ratio Rank: 95
DBMF Calmar Ratio Rank: 96
DBMF Martin Ratio Rank: 97

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.

DBMF vs. DBEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iM DBi Managed Futures Strategy ETF (DBMF) and iM DBi Hedge Strategy ETF (DBEH). 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	DBEH	Difference
Sharpe ratio Return per unit of total volatility	2.19	—	—
Sortino ratio Return per unit of downside risk	2.98	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	4.25	—	—
Martin ratio Return relative to average drawdown	18.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DBMF	DBEH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	—	—

Correlation

The correlation between DBMF and DBEH is 0.20, 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.

Dividends

DBMF vs. DBEH - Dividend Comparison

DBMF's dividend yield for the trailing twelve months is around 5.30%, while DBEH has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
DBMF iM DBi Managed Futures Strategy ETF	5.30%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%
DBEH iM DBi Hedge Strategy ETF	0.00%	0.00%	2.66%	3.05%	1.54%	17.43%	0.06%	0.00%

Drawdowns

Drawdown Indicators

	DBMF	DBEH	Difference
Max Drawdown Largest peak-to-trough decline	-20.39%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	—	—
Current Drawdown Current decline from peak	-3.82%	—	—
Average Drawdown Average peak-to-trough decline	-6.70%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	—	—

Volatility

Volatility by Period

	DBMF	DBEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.09%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.48%	—	—