DBMF vs. NEAR
DBMF (iMGP DBi Managed Futures Strategy ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - DBMF is a Systematic Trend fund actively managed by iM Global Partners, while NEAR is a Short-Term Bond fund actively managed by iShares. Both are actively managed. Over the past 5 years, DBMF returned 8.01%/yr vs 3.87%/yr for NEAR. At a correlation of -0.13, they often move in opposite directions. DBMF charges 0.85%/yr vs 0.25%/yr for NEAR.
Performance
DBMF vs. NEAR - 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 NEAR's 0.79% return.
DBMF
- 1D
- 0.26%
- 1M
- -1.31%
- YTD
- 10.27%
- 6M
- 11.24%
- 1Y
- 26.94%
- 3Y*
- 9.64%
- 5Y*
- 8.01%
- 10Y*
- —
NEAR
- 1D
- -0.03%
- 1M
- 0.35%
- YTD
- 0.79%
- 6M
- 1.16%
- 1Y
- 4.12%
- 3Y*
- 5.61%
- 5Y*
- 3.87%
- 10Y*
- 2.85%
DBMF vs. NEAR - 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% |
NEAR iShares Short Duration Bond Active ETF | 0.79% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 1.93% |
Correlation
The correlation between DBMF and NEAR is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | -0.13 |
The correlation between DBMF and NEAR shifts across timeframes, from -0.18 (5 years) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBMF vs. NEAR — Risk / Return Rank
DBMF
NEAR
DBMF vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and iShares Short Duration Bond Active ETF (NEAR). 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 | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.62 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 3.59 | +0.91 |
| Martin ratioReturn relative to average drawdown | 16.30 | 16.36 | -0.06 |
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Drawdowns
DBMF vs. NEAR - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for DBMF and NEAR.
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Drawdown Indicators
| DBMF | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -9.61% | -10.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -1.13% | -4.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -1.16% | -14.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -1.32% | -19.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -1.91% | -0.03% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -0.16% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.25% | +1.43% |
Volatility
DBMF vs. NEAR - Volatility Comparison
iMGP DBi Managed Futures Strategy ETF (DBMF) has a higher volatility of 2.71% compared to iShares Short Duration Bond Active ETF (NEAR) at 0.44%. This indicates that DBMF's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBMF | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 0.44% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 1.02% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 1.36% | +10.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 1.34% | +11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 2.50% | +9.91% |
DBMF vs. NEAR - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Dividends
DBMF vs. NEAR - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.19%, more than NEAR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.19% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Duration Bond Active ETF | 4.43% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Frequently Asked Questions
DBMF and NEAR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBMF has higher volatility (2.71%) compared to NEAR (0.44%). In terms of maximum drawdown, DBMF dropped -20.39% vs NEAR's -9.61%.
On 5-year performance, DBMF leads with 8.01% vs 3.87% for NEAR. On fees, NEAR is cheaper at 0.25% per year. On volatility, NEAR has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBMF has performed better with a 8.01% return vs 3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NEAR is cheaper with a 0.25% expense ratio, compared with 0.85% for DBMF.
DBMF has the higher dividend yield at 5.19%, compared with 4.43% for NEAR.
DBMF is categorized as Systematic Trend, while NEAR is Short-Term Bond. They also come from different issuers: iM Global Partners and iShares. Their fees differ too: 0.85% for DBMF and 0.25% for NEAR.
NEAR currently has the higher Sharpe Ratio (2.99 vs 2.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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