IMF vs. SDMF

Last updated Jun 24, 2026

IMF (Invesco Managed Futures Strategy ETF) and SDMF (Simplify DBi CTA Managed Futures Index ETF) are both Systematic Trend funds. IMF is actively managed, while SDMF is passively managed. A 0.59 correlation means they provide meaningful diversification when combined. IMF charges 0.65%/yr vs 0.35%/yr for SDMF.

Performance

IMF vs. SDMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Managed Futures Strategy ETF (IMF) and Simplify DBi CTA Managed Futures Index ETF (SDMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IMF

• 1D: -0.87%
• 1M: -2.28%
• YTD: 11.36%
• 6M: 11.56%
• 1Y: 20.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDMF

• 1D: -0.01%
• 1M: -0.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IMF vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
IMF Invesco Managed Futures Strategy ETF	5.96%
SDMF Simplify DBi CTA Managed Futures Index ETF	1.89%

Correlation

The correlation between IMF and SDMF is 0.59, 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 Feb 19, 2026	0.59

Return for Risk

IMF vs. SDMF — Risk / Return Rank

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

IMF

IMF Risk / Return Rank: 73
IMF Sharpe Ratio Rank: 63
IMF Sortino Ratio Rank: 57
IMF Omega Ratio Rank: 70
IMF Calmar Ratio Rank: 92
IMF Martin Ratio Rank: 84

SDMF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IMF vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Managed Futures Strategy ETF (IMF) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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.

	IMF	SDMF	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.53	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	5.65	—	—
Martin ratio: Return relative to average drawdown	16.14	—	—

Drawdowns

IMF vs. SDMF - Drawdown Comparison

The maximum IMF drawdown since its inception was -15.29%, which is greater than SDMF's maximum drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for IMF and SDMF.

Drawdown Indicators

	IMF	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-15.29%	-6.23%	-9.06%
Max Drawdown (1Y) Largest decline over 1 year	-3.59%	—	—
Current Drawdown Current decline from peak	-3.18%	-1.43%	-1.75%
Average Drawdown Average peak-to-trough decline	-8.30%	-2.18%	-6.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	—	—

Volatility

Volatility by Period

	IMF	SDMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	13.04%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.39%	13.04%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.39%	13.04%	-0.65%

IMF vs. SDMF - Expense Ratio Comparison

IMF has a 0.65% expense ratio, which is higher than SDMF's 0.35% expense ratio.

Dividends

IMF vs. SDMF - Dividend Comparison

IMF's dividend yield for the trailing twelve months is around 0.91%, while SDMF has not paid dividends to shareholders.

Position	TTM	2025
IMF Invesco Managed Futures Strategy ETF	0.91%	1.01%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both IMF and SDMF in my portfolio?

IMF and SDMF have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMF or SDMF?

On fees, SDMF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMF or SDMF?

SDMF is cheaper with a 0.35% expense ratio, compared with 0.65% for IMF.

Which ETF pays a higher dividend yield, IMF or SDMF?

IMF has the higher dividend yield at 0.91%, compared with 0.00% for SDMF.

What is the main difference between IMF and SDMF?

They also come from different issuers: Invesco and Simplify. Their fees differ too: 0.65% for IMF and 0.35% for SDMF.