ITA vs. DBMF
ITA (iShares U.S. Aerospace & Defense ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. ITA is passively managed, while DBMF is actively managed. Over the past 5 years, ITA returned 18.49%/yr vs 8.70%/yr for DBMF. Their 0.15 correlation means their historical movements had little consistent relationship. ITA charges 0.38%/yr vs 0.85%/yr for DBMF.
Performance
ITA vs. DBMF - Performance Comparison
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Returns By Period
In the year-to-date period, ITA achieves a 12.01% return, which is significantly lower than DBMF's 12.95% return.
ITA
- 1D
- 0.80%
- 1M
- 1.16%
- 6M
- 2.29%
- YTD
- 12.01%
- 1Y
- 21.73%
- 3Y*
- 28.92%
- 5Y*
- 18.49%
- 10Y*
- 15.17%
- ALL TIME*
- 12.84%
DBMF
- 1D
- -0.25%
- 1M
- 3.44%
- 6M
- 7.95%
- YTD
- 12.95%
- 1Y
- 27.97%
- 3Y*
- 10.07%
- 5Y*
- 8.70%
- 10Y*
- —
- ALL TIME*
- 9.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.88M | $50.74M | $48.74M | |
| $150.11M | $156.96M | $184.72M |
ITA vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 12.01% | 48.64% | 15.81% | 14.33% | 9.96% | 9.39% | -13.57% | 9.51% |
DBMF iMGP DBi Managed Futures Strategy ETF | 12.95% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.51% |
Correlation
The correlation between ITA and DBMF is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.15 |
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Return for Risk
ITA vs. DBMF — Risk / Return Rank
ITA
DBMF
ITA vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aerospace & Defense ETF (ITA) 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.
| ITA | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 4.59 | -3.15 |
| Martin ratioReturn relative to average drawdown | 3.64 | 15.59 | -11.95 |
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Drawdowns
ITA vs. DBMF - Drawdown Comparison
The maximum ITA drawdown since its inception was -59.72%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for ITA and DBMF.
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Drawdown Indicators
| ITA | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.72% | -20.39% | -39.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -6.10% | -9.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -15.60% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -20.39% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | — | — |
Current DrawdownCurrent decline from peak | -4.24% | -0.25% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -6.49% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 1.79% | +4.44% |
Volatility
ITA vs. DBMF - Volatility Comparison
iShares U.S. Aerospace & Defense ETF (ITA) has a higher volatility of 6.26% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.42%. This indicates that ITA'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
| ITA | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 2.42% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 17.97% | 9.96% | +8.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.14% | 12.66% | +9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 12.43% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 12.37% | +10.89% |
ITA vs. DBMF - Expense Ratio Comparison
ITA has a 0.38% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Dividends
ITA vs. DBMF - Dividend Comparison
ITA's dividend yield for the trailing twelve months is around 0.44%, less than DBMF's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.03% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% | 0.00% |
ITA iShares U.S. Aerospace & Defense ETF | 0.44% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
Frequently Asked Questions
ITA and DBMF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITA has higher volatility (6.26%) compared to DBMF (2.42%). In terms of maximum drawdown, ITA dropped -59.72% vs DBMF's -20.39%.
On 5-year performance, ITA leads with 18.49% vs 8.70% for DBMF. On fees, ITA is cheaper at 0.38% per year. On volatility, DBMF has been the lower-risk option at 2.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ITA has performed better with a 18.49% return vs 8.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITA is cheaper with a 0.38% expense ratio, compared with 0.85% for DBMF.
DBMF has the higher dividend yield at 5.03%, compared with 0.44% for ITA.
ITA is categorized as Aerospace & Defense, while DBMF is Systematic Trend. They also come from different issuers: iShares and iM Global Partners. Their fees differ too: 0.38% for ITA and 0.85% for DBMF.
DBMF currently has the higher Sharpe Ratio (2.21 vs 1.03), 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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