DBMFE.PA vs. GERD.DE
DBMFE.PA (iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc) and GERD.DE (L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc) are both exchange-traded funds - DBMFE.PA is a Hedge Fund fund actively managed by iM Global Partner, while GERD.DE is a Global Equities fund tracking the Solactive Gerd Kommer Multifactor Equity. DBMFE.PA is actively managed, while GERD.DE is passively managed. Over the past year, DBMFE.PA returned 28.35% vs 26.06% for GERD.DE. At a 0.23 correlation, their price movements are largely independent. DBMFE.PA charges 0.75%/yr vs 0.50%/yr for GERD.DE.
Performance
DBMFE.PA vs. GERD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBMFE.PA achieves a 12.65% return, which is significantly lower than GERD.DE's 14.41% return.
DBMFE.PA
- 1D
- -0.06%
- 1M
- 2.62%
- YTD
- 12.65%
- 6M
- 14.28%
- 1Y
- 28.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GERD.DE
- 1D
- -0.18%
- 1M
- 5.63%
- YTD
- 14.41%
- 6M
- 15.59%
- 1Y
- 26.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBMFE.PA vs. GERD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc | 12.65% | 8.56% |
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc | 14.41% | 12.19% |
Correlation
The correlation between DBMFE.PA and GERD.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | 0.23 |
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Return for Risk
DBMFE.PA vs. GERD.DE — Risk / Return Rank
DBMFE.PA
GERD.DE
DBMFE.PA vs. GERD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) and L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE). 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.
| DBMFE.PA | GERD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 3.92 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.14 | 15.42 | -7.27 |
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
| DBMFE.PA | GERD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.18 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.35 | -0.30 |
Drawdowns
DBMFE.PA vs. GERD.DE - Drawdown Comparison
The maximum DBMFE.PA drawdown since its inception was -7.01%, smaller than the maximum GERD.DE drawdown of -19.22%. Use the drawdown chart below to compare losses from any high point for DBMFE.PA and GERD.DE.
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Drawdown Indicators
| DBMFE.PA | GERD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.01% | -19.22% | +12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -6.61% | -0.40% |
Current DrawdownCurrent decline from peak | -1.43% | -0.19% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -2.24% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.69% | +1.77% |
Volatility
DBMFE.PA vs. GERD.DE - Volatility Comparison
iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) has a higher volatility of 3.81% compared to L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) at 3.18%. This indicates that DBMFE.PA's price experiences larger fluctuations and is considered to be riskier than GERD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBMFE.PA | GERD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.18% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 8.49% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 11.92% | +6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 12.95% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 12.95% | +4.75% |
DBMFE.PA vs. GERD.DE - Expense Ratio Comparison
DBMFE.PA has a 0.75% expense ratio, which is higher than GERD.DE's 0.50% expense ratio.
Dividends
DBMFE.PA vs. GERD.DE - Dividend Comparison
Neither DBMFE.PA nor GERD.DE has paid dividends to shareholders.
Frequently Asked Questions
DBMFE.PA and GERD.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GERD.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GERD.DE is cheaper with a 0.50% expense ratio, compared with 0.75% for DBMFE.PA.
DBMFE.PA is categorized as Hedge Fund, while GERD.DE is Global Equities. They also come from different issuers: iM Global Partner and LGIM Managers (Europe) Limited. Their fees differ too: 0.75% for DBMFE.PA and 0.50% for GERD.DE.
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