DBMF vs. IB01.L
DBMF (iMGP DBi Managed Futures Strategy ETF) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both exchange-traded funds - DBMF is a Systematic Trend fund actively managed by iM Global Partners, while IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. DBMF is actively managed, while IB01.L is passively managed. Over the past 5 years, DBMF returned 8.18%/yr vs 3.23%/yr for IB01.L. At a correlation of -0.09, they often move in opposite directions. DBMF charges 0.85%/yr vs 0.07%/yr for IB01.L.
Performance
DBMF vs. IB01.L - Performance Comparison
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Returns By Period
In the year-to-date period, DBMF achieves a 10.48% return, which is significantly higher than IB01.L's 1.56% return.
DBMF
- 1D
- 0.19%
- 1M
- -1.12%
- YTD
- 10.48%
- 6M
- 11.61%
- 1Y
- 27.18%
- 3Y*
- 9.37%
- 5Y*
- 8.18%
- 10Y*
- —
IB01.L
- 1D
- 0.03%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.77%
- 1Y
- 3.96%
- 3Y*
- 4.71%
- 5Y*
- 3.23%
- 10Y*
- —
DBMF vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 10.48% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.51% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.56% | 4.34% | 5.25% | 4.92% | 1.08% | -0.85% | 0.88% | 1.50% |
Correlation
The correlation between DBMF and IB01.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | -0.09 |
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Return for Risk
DBMF vs. IB01.L — Risk / Return Rank
DBMF
IB01.L
DBMF vs. IB01.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 0-1yr UCITS ETF (Acc) (IB01.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 | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.70 | ||
| Sortino ratioReturn per unit of downside risk | -33.88 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 7.99 | -6.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 114.79 | -110.32 |
| Martin ratioReturn relative to average drawdown | 16.18 | 574.12 | -557.94 |
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Drawdowns
DBMF vs. IB01.L - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, which is greater than IB01.L's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for DBMF and IB01.L.
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Drawdown Indicators
| DBMF | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -1.28% | -19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -0.03% | -6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -0.09% | -15.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -1.15% | -19.24% |
Current DrawdownCurrent decline from peak | -1.72% | 0.00% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -0.24% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.01% | +1.67% |
Volatility
DBMF vs. IB01.L - Volatility Comparison
iMGP DBi Managed Futures Strategy ETF (DBMF) has a higher volatility of 2.68% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 0.09%. This indicates that DBMF's price experiences larger fluctuations and is considered to be riskier than IB01.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 | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 0.09% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 0.23% | +9.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 0.33% | +12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 0.54% | +12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 0.79% | +11.62% |
DBMF vs. IB01.L - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is higher than IB01.L's 0.07% expense ratio.
Dividends
DBMF vs. IB01.L - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.18%, while IB01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.18% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBMF and IB01.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.85% for DBMF.
DBMF is categorized as Systematic Trend, while IB01.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 IB01.L.
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