DBMF vs. SBR
DBMF (iMGP DBi Managed Futures Strategy ETF) is Systematic Trend fund actively managed by iM Global Partners, while SBR (Sabine Royalty Trust) is a stock. Over the past 5 years, DBMF returned 8.70%/yr vs 24.15%/yr for SBR. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
DBMF vs. SBR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBMF achieves a 12.95% return, which is significantly higher than SBR's 11.57% return.
DBMF
- 1D
- -0.25%
- 1M
- 3.44%
- 6M
- 7.95%
- YTD
- 12.95%
- 1Y
- 27.97%
- 3Y*
- 10.07%
- 5Y*
- 8.70%
- 10Y*
- —
- ALL TIME*
- 9.43%
SBR
- 1D
- -0.51%
- 1M
- 2.51%
- 6M
- 11.20%
- YTD
- 11.57%
- 1Y
- 19.45%
- 3Y*
- 12.34%
- 5Y*
- 24.15%
- 10Y*
- 16.34%
- ALL TIME*
- 15.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.88M | $50.74M | $48.74M | |
| $2.30M | $2.17M | $2.74M |
DBMF vs. SBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 12.95% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.51% |
SBR Sabine Royalty Trust | 11.57% | 14.04% | 4.06% | -13.10% | 132.08% | 60.71% | -24.24% | -10.59% |
Correlation
The correlation between DBMF and SBR is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBMF vs. SBR — Risk / Return Rank
DBMF
SBR
DBMF vs. SBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and Sabine Royalty Trust (SBR). 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 | SBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.15 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 1.03 | +3.56 |
| Martin ratioReturn relative to average drawdown | 15.59 | 2.10 | +13.50 |
Loading charts...
Drawdowns
DBMF vs. SBR - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, smaller than the maximum SBR drawdown of -56.40%. Use the drawdown chart below to compare losses from any high point for DBMF and SBR.
Loading charts...
Drawdown Indicators
| DBMF | SBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -56.40% | +36.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -18.54% | +12.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -18.54% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -34.56% | +14.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.71% | — |
Current DrawdownCurrent decline from peak | -0.25% | -5.64% | +5.39% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -13.61% | +7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 9.05% | -7.26% |
Volatility
DBMF vs. SBR - Volatility Comparison
The current volatility for iMGP DBi Managed Futures Strategy ETF (DBMF) is 2.42%, while Sabine Royalty Trust (SBR) has a volatility of 3.95%. This indicates that DBMF experiences smaller price fluctuations and is considered to be less risky than SBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBMF | SBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 3.95% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 15.32% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 24.41% | -11.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.43% | 31.69% | -19.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.37% | 31.21% | -18.84% |
Dividends
DBMF vs. SBR - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.03%, less than SBR's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.03% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% |
SBR Sabine Royalty Trust | 6.64% | 7.53% | 8.41% | 9.41% | 10.13% | 7.72% | 8.59% | 7.49% | 8.98% | 5.31% | 5.50% | 11.82% |
Frequently Asked Questions
DBMF and SBR have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBR has higher volatility (3.95%) compared to DBMF (2.42%). In terms of maximum drawdown, DBMF dropped -20.39% vs SBR's -56.40%.
DBMF currently has the higher Sharpe Ratio (2.21 vs 0.78), 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.
Find the right allocation for DBMF and SBR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer