DBMF vs. PFIX
Compare and contrast key facts about iM DBi Managed Futures Strategy ETF (DBMF) and Simplify Interest Rate Hedge ETF (PFIX).
DBMF and PFIX 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. PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBMF or PFIX.
Key characteristics
| DBMF | PFIX | |
|---|---|---|
| YTD Return | 16.83% | 36.69% |
| 1Y Return | 15.48% | 44.25% |
| Sharpe Ratio | 1.71 | 1.32 |
| Daily Std Dev | 9.72% | 40.52% |
| Max Drawdown | -20.39% | -39.17% |
| Current Drawdown | -4.07% | -14.17% |
Correlation
The correlation between DBMF and PFIX is 0.35, 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.
Performance
DBMF vs. PFIX - Performance Comparison
In the year-to-date period, DBMF achieves a 16.83% return, which is significantly lower than PFIX's 36.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBMF vs. PFIX - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is higher than PFIX's 0.50% expense ratio.
Risk-Adjusted Performance
DBMF vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iM DBi Managed Futures Strategy ETF (DBMF) and Simplify Interest Rate Hedge ETF (PFIX). 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.
Dividends
DBMF vs. PFIX - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 3.03%, less than PFIX's 60.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
DBMF iM DBi Managed Futures Strategy ETF | 3.03% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
PFIX Simplify Interest Rate Hedge ETF | 60.08% | 80.99% | 0.63% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBMF vs. PFIX - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, smaller than the maximum PFIX drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for DBMF and PFIX. For additional features, visit the drawdowns tool.
Volatility
DBMF vs. PFIX - Volatility Comparison
The current volatility for iM DBi Managed Futures Strategy ETF (DBMF) is 4.84%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 13.31%. This indicates that DBMF experiences smaller price fluctuations and is considered to be less risky than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.