DBMFE.PA vs. IWMO.MI
DBMFE.PA (iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc) and IWMO.MI (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - DBMFE.PA is a Hedge Fund fund actively managed by iM Global Partner, while IWMO.MI is a Momentum fund tracking the MSCI World Momentum Index. DBMFE.PA is actively managed, while IWMO.MI is passively managed. Over the past year, DBMFE.PA returned 28.35% vs 31.60% for IWMO.MI. At a 0.24 correlation, their price movements are largely independent. DBMFE.PA charges 0.75%/yr vs 0.25%/yr for IWMO.MI.
Performance
DBMFE.PA vs. IWMO.MI - 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 IWMO.MI's 22.51% return.
DBMFE.PA
- 1D
- -0.06%
- 1M
- 2.62%
- YTD
- 12.65%
- 6M
- 14.28%
- 1Y
- 28.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMO.MI
- 1D
- -0.90%
- 1M
- 8.73%
- YTD
- 22.51%
- 6M
- 23.74%
- 1Y
- 31.60%
- 3Y*
- 26.15%
- 5Y*
- 14.68%
- 10Y*
- 15.31%
DBMFE.PA vs. IWMO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc | 12.65% | 8.56% |
IWMO.MI iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 13.18% |
Correlation
The correlation between DBMFE.PA and IWMO.MI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | 0.24 |
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Return for Risk
DBMFE.PA vs. IWMO.MI — Risk / Return Rank
DBMFE.PA
IWMO.MI
DBMFE.PA vs. IWMO.MI - 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 iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI). 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 | IWMO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 3.50 | +0.50 |
| Martin ratioReturn relative to average drawdown | 8.14 | 13.36 | -5.22 |
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 | IWMO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.87 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.80 | +0.25 |
Drawdowns
DBMFE.PA vs. IWMO.MI - Drawdown Comparison
The maximum DBMFE.PA drawdown since its inception was -7.01%, smaller than the maximum IWMO.MI drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for DBMFE.PA and IWMO.MI.
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Drawdown Indicators
| DBMFE.PA | IWMO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.01% | -31.03% | +24.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -9.04% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.03% | — |
Current DrawdownCurrent decline from peak | -1.43% | -0.90% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -5.88% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.37% | +1.09% |
Volatility
DBMFE.PA vs. IWMO.MI - Volatility Comparison
The current volatility for iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) is 3.81%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) has a volatility of 5.79%. This indicates that DBMFE.PA experiences smaller price fluctuations and is considered to be less risky than IWMO.MI 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 | IWMO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 5.79% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 14.18% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 16.87% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 17.29% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 17.60% | +0.10% |
DBMFE.PA vs. IWMO.MI - Expense Ratio Comparison
DBMFE.PA has a 0.75% expense ratio, which is higher than IWMO.MI's 0.25% expense ratio.
Dividends
DBMFE.PA vs. IWMO.MI - Dividend Comparison
Neither DBMFE.PA nor IWMO.MI has paid dividends to shareholders.
Frequently Asked Questions
DBMFE.PA and IWMO.MI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMO.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMO.MI is cheaper with a 0.25% expense ratio, compared with 0.75% for DBMFE.PA.
DBMFE.PA is categorized as Hedge Fund, while IWMO.MI is Momentum. They also come from different issuers: iM Global Partner and iShares. Their fees differ too: 0.75% for DBMFE.PA and 0.25% for IWMO.MI.
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