HFMF vs. DBMF
HFMF (Unlimited HFMF Managed Futures ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both Systematic Trend funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. HFMF charges 0.97%/yr vs 0.85%/yr for DBMF.
Performance
HFMF vs. DBMF - Performance Comparison
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Returns By Period
In the year-to-date period, HFMF achieves a 4.98% return, which is significantly lower than DBMF's 11.44% return.
HFMF
- 1D
- 1.14%
- 1M
- -0.77%
- 6M
- -1.07%
- YTD
- 4.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBMF
- 1D
- 0.62%
- 1M
- 1.06%
- 6M
- 8.39%
- YTD
- 11.44%
- 1Y
- 27.14%
- 3Y*
- 9.77%
- 5Y*
- 8.44%
- 10Y*
- —
HFMF vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HFMF Unlimited HFMF Managed Futures ETF | 4.98% | 6.34% |
DBMF iMGP DBi Managed Futures Strategy ETF | 11.44% | 14.27% |
Correlation
The correlation between HFMF and DBMF is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.70 |
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Return for Risk
HFMF vs. DBMF — Risk / Return Rank
HFMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBMF
HFMF vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFMF Managed Futures ETF (HFMF) 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.
| HFMF | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.44 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.47 | — |
| Martin ratioReturn relative to average drawdown | — | 15.17 | — |
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Drawdowns
HFMF vs. DBMF - Drawdown Comparison
The maximum HFMF drawdown since its inception was -14.69%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for HFMF and DBMF.
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Drawdown Indicators
| HFMF | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -20.39% | +5.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.39% | — |
Current DrawdownCurrent decline from peak | -12.15% | -0.87% | -11.28% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -6.52% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.79% | — |
Volatility
HFMF vs. DBMF - Volatility Comparison
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Volatility by Period
| HFMF | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.13% | 12.64% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 12.52% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 12.39% | +3.74% |
HFMF vs. DBMF - Expense Ratio Comparison
HFMF has a 0.97% expense ratio, which is higher than DBMF's 0.85% expense ratio.
Dividends
HFMF vs. DBMF - Dividend Comparison
HFMF's dividend yield for the trailing twelve months is around 2.83%, less than DBMF's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.10% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
HFMF Unlimited HFMF Managed Futures ETF | 2.83% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFMF and DBMF have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBMF is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBMF is cheaper with a 0.85% expense ratio, compared with 0.97% for HFMF.
DBMF has the higher dividend yield at 5.10%, compared with 2.83% for HFMF.
They also come from different issuers: Unlimited and iM Global Partners. Their fees differ too: 0.97% for HFMF and 0.85% for DBMF.
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