GMOM vs. DBMF
GMOM (Cambria Global Momentum ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - GMOM is a Momentum fund actively managed by Cambria, while DBMF is a Systematic Trend fund actively managed by iMGP. Both are actively managed. Over the past 5 years, GMOM returned 7.64%/yr vs 8.40%/yr for DBMF. Their 0.35 correlation means their historical movements had little consistent relationship. GMOM charges 0.96%/yr vs 0.85%/yr for DBMF.
Performance
GMOM vs. DBMF - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GMOM having a 10.77% return and DBMF slightly lower at 10.36%.
GMOM
- 1D
- 0.83%
- 1M
- 4.48%
- 6M
- 1.88%
- YTD
- 10.77%
- 1Y
- 24.88%
- 3Y*
- 12.63%
- 5Y*
- 7.64%
- 10Y*
- 7.18%
- ALL TIME*
- 5.87%
DBMF
- 1D
- 0.20%
- 1M
- 1.19%
- 6M
- 4.62%
- YTD
- 10.36%
- 1Y
- 26.55%
- 3Y*
- 9.05%
- 5Y*
- 8.40%
- 10Y*
- —
- ALL TIME*
- 9.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $78.70M | $58.28M | $54.52M | |
| $382.91K | $314.43K | $258.97K |
GMOM vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GMOM Cambria Global Momentum ETF | 10.77% | 20.63% | 6.75% | 0.65% | -2.82% | 19.13% | 2.42% | 5.19% |
DBMF iMGP DBi Managed Futures Strategy ETF | 10.36% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.51% |
Correlation
The correlation between GMOM and DBMF is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.35 |
Over the past year, GMOM and DBMF have become more correlated (0.58) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
GMOM vs. DBMF — Risk / Return Rank
GMOM
DBMF
GMOM vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Momentum ETF (GMOM) 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.
| GMOM | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 4.37 | -1.76 |
| Martin ratioReturn relative to average drawdown | 7.84 | 14.73 | -6.89 |
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Drawdowns
GMOM vs. DBMF - Drawdown Comparison
The maximum GMOM drawdown since its inception was -25.03%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for GMOM and DBMF.
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Drawdown Indicators
| GMOM | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -20.39% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -6.10% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -15.60% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -20.39% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -25.03% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -2.54% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -6.47% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 1.81% | +1.37% |
Volatility
GMOM vs. DBMF - Volatility Comparison
Cambria Global Momentum ETF (GMOM) has a higher volatility of 3.25% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.20%. This indicates that GMOM's price experiences larger fluctuations and is considered to be riskier than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOM | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.20% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 9.24% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 12.70% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 12.44% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 12.36% | +0.59% |
GMOM vs. DBMF - Expense Ratio Comparison
GMOM has a 0.96% expense ratio, which is higher than DBMF's 0.85% expense ratio.
Dividends
GMOM vs. DBMF - Dividend Comparison
GMOM's dividend yield for the trailing twelve months is around 1.47%, less than DBMF's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.15% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% |
GMOM Cambria Global Momentum ETF | 1.47% | 3.01% | 2.16% | 3.63% | 2.52% | 3.42% | 1.24% | 2.60% | 1.90% | 2.05% | 1.77% | 1.88% |
Frequently Asked Questions
GMOM and DBMF have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMOM has higher volatility (3.25%) compared to DBMF (2.20%). In terms of maximum drawdown, GMOM dropped -25.03% vs DBMF's -20.39%.
On 5-year performance, DBMF leads with 8.40% vs 7.64% for GMOM. On fees, DBMF is cheaper at 0.85% per year. On volatility, DBMF has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBMF has performed better with a 8.40% return vs 7.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBMF is cheaper with a 0.85% expense ratio, compared with 0.96% for GMOM.
DBMF has the higher dividend yield at 5.15%, compared with 1.47% for GMOM.
GMOM is categorized as Momentum, while DBMF is Systematic Trend. They also come from different issuers: Cambria and iMGP. Their fees differ too: 0.96% for GMOM and 0.85% for DBMF.
DBMF currently has the higher Sharpe Ratio (2.10 vs 1.70), 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.
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