DIVO vs. DBMF

Last updated Jun 14, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. Both are actively managed. Over the past 5 years, DIVO returned 10.91%/yr vs 8.01%/yr for DBMF. At a 0.16 correlation, their price movements are largely independent. DIVO charges 0.56%/yr vs 0.85%/yr for DBMF.

Performance

DIVO vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) and iMGP DBi Managed Futures Strategy ETF (DBMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVO achieves a 6.43% return, which is significantly lower than DBMF's 10.27% return.

DIVO

• 1D: 0.72%
• 1M: 2.73%
• YTD: 6.43%
• 6M: 5.62%
• 1Y: 19.84%
• 3Y*: 15.47%
• 5Y*: 10.91%
• 10Y*: —

DBMF

• 1D: 0.26%
• 1M: -1.31%
• YTD: 10.27%
• 6M: 11.24%
• 1Y: 26.94%
• 3Y*: 9.64%
• 5Y*: 8.01%
• 10Y*: —

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

DIVO vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DIVO Amplify CWP Enhanced Dividend Income ETF	6.43%	17.40%	16.22%	6.95%	-1.46%	22.87%	12.40%	12.13%
DBMF iMGP DBi Managed Futures Strategy ETF	10.27%	13.85%	7.24%	-8.94%	21.61%	11.49%	1.80%	10.51%

Correlation

The correlation between DIVO and DBMF 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 (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.16

The correlation between DIVO and DBMF shifts across timeframes, from 0.11 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DIVO vs. DBMF — Risk / Return Rank

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

DIVO

DIVO Risk / Return Rank: 72
DIVO Sharpe Ratio Rank: 72
DIVO Sortino Ratio Rank: 78
DIVO Omega Ratio Rank: 69
DIVO Calmar Ratio Rank: 71
DIVO Martin Ratio Rank: 70

DBMF

DBMF Risk / Return Rank: 84
DBMF Sharpe Ratio Rank: 81
DBMF Sortino Ratio Rank: 76
DBMF Omega Ratio Rank: 87
DBMF Calmar Ratio Rank: 88
DBMF Martin Ratio Rank: 87

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.

DIVO vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) and iMGP DBi Managed Futures Strategy ETF (DBMF). 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.

	DIVO	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.22	-0.20
Sortino ratio: Return per unit of downside risk	2.99	2.92	+0.07
Omega ratio: Gain probability vs. loss probability	1.35	1.47	-0.12
Calmar ratio: Return relative to maximum drawdown	3.12	4.50	-1.38
Martin ratio: Return relative to average drawdown	11.23	16.30	-5.07

DIVO vs. DBMF - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 2.02, which is comparable to the DBMF Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of DIVO and DBMF, 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

DIVO vs. DBMF - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for DIVO and DBMF.

Drawdown Indicators

	DIVO	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-20.39%	-9.65%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-6.10%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	-15.60%	+3.48%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-20.39%	+6.67%
Current Drawdown Current decline from peak	-0.19%	-1.91%	+1.72%
Average Drawdown Average peak-to-trough decline	-2.61%	-6.56%	+3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.68%	-0.03%

Volatility

DIVO vs. DBMF - Volatility Comparison

Amplify CWP Enhanced Dividend Income ETF (DIVO) and iMGP DBi Managed Futures Strategy ETF (DBMF) have volatilities of 2.71% and 2.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	2.71%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.13%	10.00%	-2.87%
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	12.35%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.97%	12.55%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.83%	12.41%	+2.42%

DIVO vs. DBMF - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is lower than DBMF's 0.85% expense ratio.

Dividends

DIVO vs. DBMF - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.36%, more than DBMF's 5.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBMF iMGP DBi Managed Futures Strategy ETF	5.19%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.36%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%

Frequently Asked Questions

Can I hold both DIVO and DBMF in my portfolio?

DIVO and DBMF 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.

Which is riskier, DIVO or DBMF?

DBMF has higher volatility (2.71%) compared to DIVO (2.71%). In terms of maximum drawdown, DIVO dropped -30.04% vs DBMF's -20.39%.

Which ETF is better, DIVO or DBMF?

On 5-year performance, DIVO leads with 10.91% vs 8.01% for DBMF. On fees, DIVO is cheaper at 0.56% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVO or DBMF?

Over the 5-year period, DIVO has performed better with a 10.91% return vs 8.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVO or DBMF?

DIVO is cheaper with a 0.56% expense ratio, compared with 0.85% for DBMF.

Which ETF pays a higher dividend yield, DIVO or DBMF?

DIVO has the higher dividend yield at 6.36%, compared with 5.19% for DBMF.

What is the main difference between DIVO and DBMF?

DIVO is categorized as Derivative Income, while DBMF is Systematic Trend. They also come from different issuers: Amplify and iM Global Partners. Their fees differ too: 0.56% for DIVO and 0.85% for DBMF.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.22 vs 2.02), 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.