DBMFE.PA vs. SHELL.AS

Last updated Jun 27, 2026

DBMFE.PA (iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc) is Hedge Fund fund actively managed by iM Global Partner, while SHELL.AS (Shell plc) is a stock. Over the past year, DBMFE.PA returned 30.03% vs 15.35% for SHELL.AS. At a 0.25 correlation, their price movements are largely independent.

Performance

DBMFE.PA vs. SHELL.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) and Shell plc (SHELL.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBMFE.PA achieves a 13.01% return, which is significantly higher than SHELL.AS's 9.08% return.

DBMFE.PA

• 1D: 0.00%
• 1M: 1.67%
• YTD: 13.01%
• 6M: 13.42%
• 1Y: 30.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHELL.AS

• 1D: -1.00%
• 1M: -6.47%
• YTD: 9.08%
• 6M: 10.73%
• 1Y: 15.35%
• 3Y*: 11.73%
• 5Y*: 18.78%
• 10Y*: 9.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBMFE.PA vs. SHELL.AS - Yearly Performance Comparison

	2026 (YTD)	2025
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc	13.01%	14.24%
SHELL.AS Shell plc	9.08%	11.89%

Correlation

The correlation between DBMFE.PA and SHELL.AS is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.25

Return for Risk

DBMFE.PA vs. SHELL.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBMFE.PA

DBMFE.PA Risk / Return Rank: 73
DBMFE.PA Sharpe Ratio Rank: 68
DBMFE.PA Sortino Ratio Rank: 65
DBMFE.PA Omega Ratio Rank: 64
DBMFE.PA Calmar Ratio Rank: 86
DBMFE.PA Martin Ratio Rank: 79

SHELL.AS

SHELL.AS Risk / Return Rank: 62
SHELL.AS Sharpe Ratio Rank: 66
SHELL.AS Sortino Ratio Rank: 58
SHELL.AS Omega Ratio Rank: 58
SHELL.AS Calmar Ratio Rank: 63
SHELL.AS Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBMFE.PA vs. SHELL.AS - 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 Shell plc (SHELL.AS). 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.

	DBMFE.PA	SHELL.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.92	0.70	+1.22
Sortino ratio: Return per unit of downside risk	2.59	1.03	+1.55
Omega ratio: Gain probability vs. loss probability	1.33	1.14	+0.20
Calmar ratio: Return relative to maximum drawdown	4.25	0.88	+3.36
Martin ratio: Return relative to average drawdown	13.14	2.77	+10.37

DBMFE.PA vs. SHELL.AS - Sharpe Ratio Comparison

The current DBMFE.PA Sharpe Ratio is 1.92, which is higher than the SHELL.AS Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of DBMFE.PA and SHELL.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBMFE.PA vs. SHELL.AS - Drawdown Comparison

The maximum DBMFE.PA drawdown since its inception was -7.01%, smaller than the maximum SHELL.AS drawdown of -63.17%. Use the drawdown chart below to compare losses from any high point for DBMFE.PA and SHELL.AS.

Drawdown Indicators

	DBMFE.PA	SHELL.AS	Difference
Max Drawdown Largest peak-to-trough decline	-7.01%	-63.17%	+56.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-17.17%	+10.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.17%	—
Current Drawdown Current decline from peak	-1.11%	-17.17%	+16.06%
Average Drawdown Average peak-to-trough decline	-2.58%	-13.73%	+11.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	5.51%	-3.24%

Volatility

DBMFE.PA vs. SHELL.AS - Volatility Comparison

The current volatility for iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) is 3.68%, while Shell plc (SHELL.AS) has a volatility of 7.62%. This indicates that DBMFE.PA experiences smaller price fluctuations and is considered to be less risky than SHELL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBMFE.PA	SHELL.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	7.62%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	18.96%	-7.57%
Volatility (1Y) Calculated over the trailing 1-year period	15.52%	21.63%	-6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	24.65%	-7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.32%	28.23%	-10.91%

Dividends

DBMFE.PA vs. SHELL.AS - Dividend Comparison

DBMFE.PA has not paid dividends to shareholders, while SHELL.AS's dividend yield for the trailing twelve months is around 3.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHELL.AS Shell plc	3.77%	3.94%	4.44%	4.15%	3.74%	4.25%	5.91%	6.83%	7.33%	6.67%	6.55%	6.99%

Frequently Asked Questions

Can I hold both DBMFE.PA and SHELL.AS in my portfolio?

DBMFE.PA and SHELL.AS have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.