DBMF vs. DTLA.L
DBMF (iMGP DBi Managed Futures Strategy ETF) and DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) are both exchange-traded funds - DBMF is a Systematic Trend fund actively managed by iM Global Partners, while DTLA.L is a Government Bonds fund tracking the ICE US Treasury 20+ Year Index. DBMF is actively managed, while DTLA.L is passively managed. Over the past 5 years, DBMF returned 8.01%/yr vs -6.37%/yr for DTLA.L. At a correlation of -0.18, they often move in opposite directions. DBMF charges 0.85%/yr vs 0.07%/yr for DTLA.L.
Performance
DBMF vs. DTLA.L - 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 DTLA.L's -0.86% return.
DBMF
- 1D
- 0.26%
- 1M
- -1.34%
- YTD
- 10.27%
- 6M
- 11.24%
- 1Y
- 26.94%
- 3Y*
- 9.64%
- 5Y*
- 8.01%
- 10Y*
- —
DTLA.L
- 1D
- 0.44%
- 1M
- 1.10%
- YTD
- -0.86%
- 6M
- 0.88%
- 1Y
- 4.30%
- 3Y*
- -1.20%
- 5Y*
- -6.37%
- 10Y*
- —
DBMF vs. DTLA.L - 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% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.86% | 4.49% | -6.90% | 1.69% | -30.29% | -4.46% | 17.00% | 11.25% |
Correlation
The correlation between DBMF and DTLA.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | -0.18 |
The correlation between DBMF and DTLA.L shifts across timeframes, from -0.30 (5 years) to 0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBMF vs. DTLA.L — Risk / Return Rank
DBMF
DTLA.L
DBMF vs. DTLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L). 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 | DTLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.06 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 0.45 | +4.05 |
| Martin ratioReturn relative to average drawdown | 16.30 | 1.12 | +15.18 |
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Drawdowns
DBMF vs. DTLA.L - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, smaller than the maximum DTLA.L drawdown of -48.41%. Use the drawdown chart below to compare losses from any high point for DBMF and DTLA.L.
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Drawdown Indicators
| DBMF | DTLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -48.41% | +28.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -7.50% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -18.57% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -42.80% | +22.41% |
Current DrawdownCurrent decline from peak | -1.91% | -40.40% | +38.49% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -24.06% | +17.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 3.00% | -1.32% |
Volatility
DBMF vs. DTLA.L - Volatility Comparison
The current volatility for iMGP DBi Managed Futures Strategy ETF (DBMF) is 2.71%, while iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a volatility of 3.33%. This indicates that DBMF experiences smaller price fluctuations and is considered to be less risky than DTLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBMF | DTLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 3.33% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 6.74% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 10.03% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 14.95% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 14.79% | -2.38% |
DBMF vs. DTLA.L - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is higher than DTLA.L's 0.07% expense ratio.
Dividends
DBMF vs. DTLA.L - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.19%, while DTLA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.19% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBMF and DTLA.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DTLA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DTLA.L is cheaper with a 0.07% expense ratio, compared with 0.85% for DBMF.
DBMF is categorized as Systematic Trend, while DTLA.L is Government Bonds. They also come from different issuers: iM Global Partners and iShares. Their fees differ too: 0.85% for DBMF and 0.07% for DTLA.L.
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