IDVO vs. DBMF

Last updated Jun 9, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - IDVO 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 3 years, IDVO returned 22.06%/yr vs 10.02%/yr for DBMF. At a 0.18 correlation, their price movements are largely independent. IDVO charges 0.65%/yr vs 0.85%/yr for DBMF.

Performance

IDVO vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) 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, IDVO achieves a 11.49% return, which is significantly higher than DBMF's 10.45% return.

IDVO

• 1D: 0.24%
• 1M: -2.10%
• YTD: 11.49%
• 6M: 12.59%
• 1Y: 31.78%
• 3Y*: 22.06%
• 5Y*: —
• 10Y*: —

DBMF

• 1D: 0.68%
• 1M: 0.59%
• YTD: 10.45%
• 6M: 12.63%
• 1Y: 29.05%
• 3Y*: 10.02%
• 5Y*: 7.92%
• 10Y*: —

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

IDVO vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	11.49%	36.46%	10.16%	17.53%	5.47%
DBMF iMGP DBi Managed Futures Strategy ETF	10.45%	13.85%	7.24%	-8.94%	-4.62%

Correlation

The correlation between IDVO and DBMF is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.18

Over the past year, IDVO and DBMF have become more correlated (0.44) than their long-term average of 0.18, meaning their price movements have been converging.

IDVO vs. DBMF - Sectors Allocation Comparison

Sectors	IDVO	DBMF
Financial Services	18.3%	12.5%
Basic Materials	15.7%	2.2%
Energy	12.1%	3.9%
Industrials	9.8%	8.4%
Communication Services	9.1%	8.6%
Technology	8.7%	29.8%
Healthcare	8.3%	12.7%
Consumer Defensive	7.5%	6.1%
Utilities	6.4%	2.3%
Consumer Cyclical	4.2%	11.0%
Real Estate	-	2.5%

Return for Risk

IDVO vs. DBMF — Risk / Return Rank

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

IDVO

IDVO Risk / Return Rank: 67
IDVO Sharpe Ratio Rank: 67
IDVO Sortino Ratio Rank: 64
IDVO Omega Ratio Rank: 67
IDVO Calmar Ratio Rank: 68
IDVO Martin Ratio Rank: 70

DBMF

DBMF Risk / Return Rank: 84
DBMF Sharpe Ratio Rank: 81
DBMF Sortino Ratio Rank: 77
DBMF Omega Ratio Rank: 88
DBMF Calmar Ratio Rank: 89
DBMF Martin Ratio Rank: 88

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.

IDVO vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) 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.

	IDVO	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.36	-0.37
Sortino ratio: Return per unit of downside risk	2.67	3.08	-0.41
Omega ratio: Gain probability vs. loss probability	1.36	1.50	-0.14
Calmar ratio: Return relative to maximum drawdown	3.08	4.78	-1.70
Martin ratio: Return relative to average drawdown	11.84	17.53	-5.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDVO vs. DBMF - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.00, which is comparable to the DBMF Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of IDVO 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.

Sharpe Ratios by Period

	IDVO	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.36	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.75	+0.57

Drawdowns

IDVO vs. DBMF - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for IDVO and DBMF.

Drawdown Indicators

	IDVO	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-20.39%	+4.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-6.10%	-4.27%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-15.60%	+0.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Current Drawdown Current decline from peak	-3.52%	-1.75%	-1.77%
Average Drawdown Average peak-to-trough decline	-2.30%	-6.58%	+4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	1.66%	+1.03%

Volatility

IDVO vs. DBMF - Volatility Comparison

Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a higher volatility of 5.30% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.94%. This indicates that IDVO'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.

Volatility by Period

	IDVO	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	2.94%	+2.36%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	10.01%	+3.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	12.38%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	12.56%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	12.43%	+4.00%

IDVO vs. DBMF - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is lower than DBMF's 0.85% expense ratio.

Dividends

IDVO vs. DBMF - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.61%, more than DBMF's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DBMF iMGP DBi Managed Futures Strategy ETF	5.18%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.61%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDVO and DBMF in my portfolio?

IDVO and DBMF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDVO or DBMF?

IDVO has higher volatility (5.30%) compared to DBMF (2.94%). In terms of maximum drawdown, IDVO dropped -15.46% vs DBMF's -20.39%.

Which ETF is better, IDVO or DBMF?

On 3-year performance, IDVO leads with 22.06% vs 10.02% for DBMF. On fees, IDVO is cheaper at 0.65% per year. On volatility, DBMF has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or DBMF?

Over the 3-year period, IDVO has performed better with a 22.06% return vs 10.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or DBMF?

IDVO is cheaper with a 0.65% expense ratio, compared with 0.85% for DBMF.

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

IDVO has the higher dividend yield at 5.61%, compared with 5.18% for DBMF.

What is the main difference between IDVO and DBMF?

IDVO 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: 0.65% for IDVO and 0.85% for DBMF.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.36 vs 2.00), 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.