DBMF vs. IALT
DBMF (iMGP DBi Managed Futures Strategy ETF) and IALT (iShares Systematic Alternatives Active ETF) are both exchange-traded funds - DBMF is a Systematic Trend fund actively managed by iM Global Partners, while IALT is a Multistrategy fund actively managed by iShares. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. DBMF charges 0.85%/yr vs 0.99%/yr for IALT.
Performance
DBMF vs. IALT - Performance Comparison
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Returns By Period
In the year-to-date period, DBMF achieves a 10.63% return, which is significantly lower than IALT's 12.19% return.
DBMF
- 1D
- 0.82%
- 1M
- -0.61%
- YTD
- 10.63%
- 6M
- 10.35%
- 1Y
- 27.45%
- 3Y*
- 9.42%
- 5Y*
- 8.69%
- 10Y*
- —
IALT
- 1D
- 0.68%
- 1M
- 0.82%
- YTD
- 12.19%
- 6M
- 12.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBMF vs. IALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 10.63% | 1.37% |
IALT iShares Systematic Alternatives Active ETF | 12.19% | 0.83% |
Correlation
The correlation between DBMF and IALT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | 0.33 |
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Return for Risk
DBMF vs. IALT — Risk / Return Rank
DBMF
IALT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBMF vs. IALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and iShares Systematic Alternatives Active ETF (IALT). 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 | IALT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | — | — |
| Martin ratioReturn relative to average drawdown | 16.23 | — | — |
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Drawdowns
DBMF vs. IALT - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, which is greater than IALT's maximum drawdown of -2.27%. Use the drawdown chart below to compare losses from any high point for DBMF and IALT.
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Drawdown Indicators
| DBMF | IALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -2.27% | -18.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | — | — |
Current DrawdownCurrent decline from peak | -1.59% | -0.91% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -0.38% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | — | — |
Volatility
DBMF vs. IALT - Volatility Comparison
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Volatility by Period
| DBMF | IALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.39% | 7.84% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.53% | 7.84% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 7.84% | +4.57% |
DBMF vs. IALT - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is lower than IALT's 0.99% expense ratio.
Dividends
DBMF vs. IALT - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.17%, more than IALT's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.17% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
IALT iShares Systematic Alternatives Active ETF | 0.40% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBMF and IALT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBMF is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBMF is cheaper with a 0.85% expense ratio, compared with 0.99% for IALT.
DBMF has the higher dividend yield at 5.17%, compared with 0.40% for IALT.
DBMF is categorized as Systematic Trend, while IALT is Multistrategy. They also come from different issuers: iM Global Partners and iShares. Their fees differ too: 0.85% for DBMF and 0.99% for IALT.
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