DBMF vs. IWQU.L
DBMF (iMGP DBi Managed Futures Strategy ETF) and IWQU.L (iShares MSCI World Quality Factor UCITS) are both exchange-traded funds - DBMF is a Systematic Trend fund actively managed by iM Global Partners, while IWQU.L is a Global Equities fund tracking the MSCI ACWI NR USD. DBMF is actively managed, while IWQU.L is passively managed. Over the past 5 years, DBMF returned 8.01%/yr vs 10.27%/yr for IWQU.L. At a 0.12 correlation, their price movements are largely independent. DBMF charges 0.85%/yr vs 0.30%/yr for IWQU.L.
Performance
DBMF vs. IWQU.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 IWQU.L's 8.72% return.
DBMF
- 1D
- 0.26%
- 1M
- -1.34%
- YTD
- 10.27%
- 6M
- 11.24%
- 1Y
- 26.94%
- 3Y*
- 9.64%
- 5Y*
- 8.01%
- 10Y*
- —
IWQU.L
- 1D
- 1.73%
- 1M
- 1.38%
- YTD
- 8.72%
- 6M
- 9.99%
- 1Y
- 21.34%
- 3Y*
- 17.83%
- 5Y*
- 10.27%
- 10Y*
- 12.75%
DBMF vs. IWQU.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% |
IWQU.L iShares MSCI World Quality Factor UCITS | 8.72% | 15.28% | 17.17% | 25.90% | -19.26% | 23.70% | 14.95% | 12.24% |
Correlation
The correlation between DBMF and IWQU.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.12 |
The correlation between DBMF and IWQU.L shifts across timeframes, from 0.08 (5 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBMF vs. IWQU.L — Risk / Return Rank
DBMF
IWQU.L
DBMF vs. IWQU.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 MSCI World Quality Factor UCITS (IWQU.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 | IWQU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.32 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 2.39 | +2.11 |
| Martin ratioReturn relative to average drawdown | 16.30 | 9.90 | +6.40 |
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Drawdowns
DBMF vs. IWQU.L - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, smaller than the maximum IWQU.L drawdown of -33.05%. Use the drawdown chart below to compare losses from any high point for DBMF and IWQU.L.
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Drawdown Indicators
| DBMF | IWQU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -33.05% | +12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -8.53% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -16.09% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -27.70% | +7.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.05% | — |
Current DrawdownCurrent decline from peak | -1.91% | 0.00% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -4.58% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.06% | -0.38% |
Volatility
DBMF vs. IWQU.L - Volatility Comparison
The current volatility for iMGP DBi Managed Futures Strategy ETF (DBMF) is 2.71%, while iShares MSCI World Quality Factor UCITS (IWQU.L) has a volatility of 3.28%. This indicates that DBMF experiences smaller price fluctuations and is considered to be less risky than IWQU.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 | IWQU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 3.28% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 9.11% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 11.61% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 15.61% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 15.76% | -3.35% |
DBMF vs. IWQU.L - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is higher than IWQU.L's 0.30% expense ratio.
Dividends
DBMF vs. IWQU.L - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.19%, while IWQU.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% |
IWQU.L iShares MSCI World Quality Factor UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBMF and IWQU.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWQU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWQU.L is cheaper with a 0.30% expense ratio, compared with 0.85% for DBMF.
DBMF is categorized as Systematic Trend, while IWQU.L is Global Equities. They also come from different issuers: iM Global Partners and iShares. Their fees differ too: 0.85% for DBMF and 0.30% for IWQU.L.
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