DBMFE.PA vs. WPEA.PA
DBMFE.PA (iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc) and WPEA.PA (iShares MSCI World Swap PEA UCITS ETF) are both exchange-traded funds - DBMFE.PA is a Hedge Fund fund actively managed by iM Global Partner, while WPEA.PA is a Global Equities fund tracking the MSCI World NET TR EUR Index. DBMFE.PA is actively managed, while WPEA.PA is passively managed. Over the past year, DBMFE.PA returned 30.03% vs 24.27% for WPEA.PA. At a 0.23 correlation, their price movements are largely independent. DBMFE.PA charges 0.75%/yr vs 0.25%/yr for WPEA.PA.
Performance
DBMFE.PA vs. WPEA.PA - Performance Comparison
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Returns By Period
In the year-to-date period, DBMFE.PA achieves a 13.01% return, which is significantly higher than WPEA.PA's 10.87% return.
DBMFE.PA
- 1D
- 0.00%
- 1M
- 1.67%
- YTD
- 13.01%
- 6M
- 13.42%
- 1Y
- 30.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WPEA.PA
- 1D
- -0.22%
- 1M
- 0.67%
- YTD
- 10.87%
- 6M
- 10.87%
- 1Y
- 24.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBMFE.PA vs. WPEA.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc | 13.01% | 14.24% |
WPEA.PA iShares MSCI World Swap PEA UCITS ETF | 10.87% | 20.71% |
Correlation
The correlation between DBMFE.PA and WPEA.PA is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.23 |
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Return for Risk
DBMFE.PA vs. WPEA.PA — Risk / Return Rank
DBMFE.PA
WPEA.PA
DBMFE.PA vs. WPEA.PA - 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 MSCI World Swap PEA UCITS ETF (WPEA.PA). 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 | WPEA.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 3.60 | +0.65 |
| Martin ratioReturn relative to average drawdown | 13.14 | 14.23 | -1.09 |
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Drawdowns
DBMFE.PA vs. WPEA.PA - Drawdown Comparison
The maximum DBMFE.PA drawdown since its inception was -7.01%, smaller than the maximum WPEA.PA drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for DBMFE.PA and WPEA.PA.
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Drawdown Indicators
| DBMFE.PA | WPEA.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.01% | -21.57% | +14.56% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -6.66% | -0.35% |
Current DrawdownCurrent decline from peak | -1.11% | -1.09% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -2.99% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.69% | +0.58% |
Volatility
DBMFE.PA vs. WPEA.PA - Volatility Comparison
iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) has a higher volatility of 3.68% compared to iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) at 3.09%. This indicates that DBMFE.PA's price experiences larger fluctuations and is considered to be riskier than WPEA.PA 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 | WPEA.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.09% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 8.01% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 11.26% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 14.55% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 14.55% | +2.77% |
DBMFE.PA vs. WPEA.PA - Expense Ratio Comparison
DBMFE.PA has a 0.75% expense ratio, which is higher than WPEA.PA's 0.25% expense ratio.
Dividends
DBMFE.PA vs. WPEA.PA - Dividend Comparison
Neither DBMFE.PA nor WPEA.PA has paid dividends to shareholders.
Frequently Asked Questions
DBMFE.PA and WPEA.PA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WPEA.PA is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WPEA.PA is cheaper with a 0.25% expense ratio, compared with 0.75% for DBMFE.PA.
DBMFE.PA is categorized as Hedge Fund, while WPEA.PA is Global Equities. They also come from different issuers: iM Global Partner and iShares. Their fees differ too: 0.75% for DBMFE.PA and 0.25% for WPEA.PA.
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