DBMF vs. MRGR
Compare and contrast key facts about iM DBi Managed Futures Strategy ETF (DBMF) and Proshares Merger ETF (MRGR).
DBMF and MRGR 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. MRGR is a passively managed fund by ProShares that tracks the performance of the S&P Merger Arbitrage Index. It was launched on Dec 11, 2012.
Performance
DBMF vs. MRGR - Performance Comparison
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DBMF vs. MRGR - 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% | 10.67% |
MRGR Proshares Merger ETF | 1.47% | 11.99% | 5.32% | 4.94% | -4.81% | 6.58% | 1.99% | 3.02% |
Returns By Period
In the year-to-date period, DBMF achieves a 7.87% return, which is significantly higher than MRGR's 1.47% return.
DBMF
- 1D
- -0.20%
- 1M
- -3.82%
- YTD
- 7.87%
- 6M
- 15.44%
- 1Y
- 26.29%
- 3Y*
- 9.90%
- 5Y*
- 8.63%
- 10Y*
- —
MRGR
- 1D
- 0.69%
- 1M
- 0.94%
- YTD
- 1.47%
- 6M
- 6.99%
- 1Y
- 11.25%
- 3Y*
- 8.39%
- 5Y*
- 4.28%
- 10Y*
- 3.36%
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DBMF vs. MRGR - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is higher than MRGR's 0.75% expense ratio.
Return for Risk
DBMF vs. MRGR — Risk / Return Rank
DBMF
MRGR
DBMF vs. MRGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iM DBi Managed Futures Strategy ETF (DBMF) and Proshares Merger ETF (MRGR). 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 | MRGR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 2.63 | -0.44 |
Sortino ratioReturn per unit of downside risk | 2.98 | 4.32 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.58 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 4.25 | 6.36 | -2.11 |
Martin ratioReturn relative to average drawdown | 18.51 | 22.50 | -3.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBMF | MRGR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.63 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.13 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.36 | +0.38 |
Correlation
The correlation between DBMF and MRGR is 0.09, 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. MRGR - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.30%, more than MRGR's 2.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBMF iM DBi Managed Futures Strategy ETF | 5.30% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% |
MRGR Proshares Merger ETF | 2.98% | 3.12% | 3.21% | 2.11% | 0.61% | 0.59% | 0.00% | 0.78% | 1.39% | 0.36% | 0.74% | 0.34% |
Drawdowns
DBMF vs. MRGR - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, which is greater than MRGR's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for DBMF and MRGR.
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Drawdown Indicators
| DBMF | MRGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -13.23% | -7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -1.66% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -8.40% | -11.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.23% | — |
Current DrawdownCurrent decline from peak | -3.82% | 0.00% | -3.82% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -3.91% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 0.50% | +0.90% |
Volatility
DBMF vs. MRGR - Volatility Comparison
iM DBi Managed Futures Strategy ETF (DBMF) has a higher volatility of 5.24% compared to Proshares Merger ETF (MRGR) at 1.42%. This indicates that DBMF's price experiences larger fluctuations and is considered to be riskier than MRGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBMF | MRGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 1.42% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 3.40% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 4.30% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.66% | 3.84% | +8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.48% | 5.19% | +7.29% |