DBMF vs. VBR
DBMF (iMGP DBi Managed Futures Strategy ETF) and VBR (Vanguard Small-Cap Value ETF) are both exchange-traded funds - DBMF is a Systematic Trend fund actively managed by iM Global Partners, while VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. DBMF is actively managed, while VBR is passively managed. Over the past 5 years, DBMF returned 8.59%/yr vs 9.61%/yr for VBR. At a 0.14 correlation, their price movements are largely independent. DBMF charges 0.85%/yr vs 0.05%/yr for VBR.
Performance
DBMF vs. VBR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBMF achieves a 11.26% return, which is significantly lower than VBR's 15.52% return.
DBMF
- 1D
- 0.23%
- 1M
- 0.57%
- 6M
- 8.74%
- YTD
- 11.26%
- 1Y
- 26.79%
- 3Y*
- 9.43%
- 5Y*
- 8.59%
- 10Y*
- —
- ALL TIME*
- 9.22%
VBR
- 1D
- -0.80%
- 1M
- 2.04%
- 6M
- 8.72%
- YTD
- 15.52%
- 1Y
- 23.17%
- 3Y*
- 14.54%
- 5Y*
- 9.61%
- 10Y*
- 10.50%
- ALL TIME*
- 9.62%
DBMF vs. VBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 11.26% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.51% |
VBR Vanguard Small-Cap Value ETF | 15.52% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 5.25% |
Correlation
The correlation between DBMF and VBR is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.14 |
The correlation between DBMF and VBR shifts across timeframes, from 0.07 (5 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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. VBR — Risk / Return Rank
DBMF
VBR
DBMF vs. VBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Strategy ETF (DBMF) and Vanguard Small-Cap Value ETF (VBR). 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 | VBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.27 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 2.63 | +1.78 |
| Martin ratioReturn relative to average drawdown | 14.93 | 9.32 | +5.60 |
Loading charts...
Drawdowns
DBMF vs. VBR - Drawdown Comparison
The maximum DBMF drawdown since its inception was -20.39%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for DBMF and VBR.
Loading charts...
Drawdown Indicators
| DBMF | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.39% | -61.98% | +41.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -8.85% | +2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -24.19% | +8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -24.19% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.28% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.45% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -8.22% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.49% | -0.69% |
Volatility
DBMF vs. VBR - Volatility Comparison
The current volatility for iMGP DBi Managed Futures Strategy ETF (DBMF) is 2.69%, while Vanguard Small-Cap Value ETF (VBR) has a volatility of 2.90%. This indicates that DBMF experiences smaller price fluctuations and is considered to be less risky than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBMF | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.90% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 10.49% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 15.00% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.45% | 19.58% | -7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.37% | 21.66% | -9.29% |
DBMF vs. VBR - Expense Ratio Comparison
DBMF has a 0.85% expense ratio, which is higher than VBR's 0.05% expense ratio.
Dividends
DBMF vs. VBR - Dividend Comparison
DBMF's dividend yield for the trailing twelve months is around 5.11%, more than VBR's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.11% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% |
VBR Vanguard Small-Cap Value ETF | 1.78% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Frequently Asked Questions
DBMF and VBR have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBR has higher volatility (2.90%) compared to DBMF (2.69%). In terms of maximum drawdown, DBMF dropped -20.39% vs VBR's -61.98%.
On 5-year performance, VBR leads with 9.61% vs 8.59% for DBMF. On fees, VBR is cheaper at 0.05% per year. On volatility, DBMF has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VBR has performed better with a 9.61% return vs 8.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VBR is cheaper with a 0.05% expense ratio, compared with 0.85% for DBMF.
DBMF has the higher dividend yield at 5.11%, compared with 1.78% for VBR.
DBMF is categorized as Systematic Trend, while VBR is Small Cap Value Equities. They also come from different issuers: iM Global Partners and Vanguard. Their fees differ too: 0.85% for DBMF and 0.05% for VBR.
DBMF currently has the higher Sharpe Ratio (2.13 vs 1.55), 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 VBR
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