JBL vs. DBMF

Last updated Jul 17, 2026

JBL (Jabil Inc.) is a stock, while DBMF (iMGP DBi Managed Futures Strategy ETF) is Systematic Trend fund actively managed by iM Global Partners. Over the past 5 years, JBL returned 41.57%/yr vs 8.53%/yr for DBMF. At a 0.14 correlation, their price movements are largely independent.

Performance

JBL vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jabil Inc. (JBL) 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, JBL achieves a 34.74% return, which is significantly higher than DBMF's 11.04% return.

JBL

• 1D: -3.80%
• 1M: -18.23%
• 6M: 21.35%
• YTD: 34.74%
• 1Y: 40.85%
• 3Y*: 39.93%
• 5Y*: 41.57%
• 10Y*: 31.98%

DBMF

• 1D: -0.35%
• 1M: 1.33%
• 6M: 7.97%
• YTD: 11.04%
• 1Y: 26.89%
• 3Y*: 9.54%
• 5Y*: 8.53%
• 10Y*: —

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

JBL vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JBL Jabil Inc.	34.74%	58.73%	13.25%	87.43%	-2.55%	66.40%	3.89%	38.10%
DBMF iMGP DBi Managed Futures Strategy ETF	11.04%	13.85%	7.24%	-8.94%	21.61%	11.49%	1.80%	10.51%

Correlation

The correlation between JBL and DBMF is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.14

The correlation between JBL and DBMF shifts across timeframes, from 0.09 (5 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JBL vs. DBMF — Risk / Return Rank

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

JBL

JBL Risk / Return Rank: 74
JBL Sharpe Ratio Rank: 74
JBL Sortino Ratio Rank: 68
JBL Omega Ratio Rank: 67
JBL Calmar Ratio Rank: 78
JBL Martin Ratio Rank: 80

DBMF

DBMF Risk / Return Rank: 86
DBMF Sharpe Ratio Rank: 84
DBMF Sortino Ratio Rank: 79
DBMF Omega Ratio Rank: 88
DBMF Calmar Ratio Rank: 90
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.

JBL vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jabil Inc. (JBL) 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.

	JBL	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.14	-1.20
Sortino ratio: Return per unit of downside risk	1.44	2.82	-1.38
Omega ratio: Gain probability vs. loss probability	1.18	1.44	-0.26
Calmar ratio: Return relative to maximum drawdown	2.01	4.43	-2.41
Martin ratio: Return relative to average drawdown	5.40	15.00	-9.61

JBL vs. DBMF - Sharpe Ratio Comparison

The current JBL Sharpe Ratio is 0.94, which is lower than the DBMF Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of JBL 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.

Drawdowns

JBL vs. DBMF - Drawdown Comparison

The maximum JBL drawdown since its inception was -94.92%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for JBL and DBMF.

Drawdown Indicators

	JBL	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-94.92%	-20.39%	-74.53%
Max Drawdown (1Y) Largest decline over 1 year	-20.37%	-6.10%	-14.27%
Max Drawdown (3Y) Largest decline over 3 years	-36.83%	-15.60%	-21.23%
Max Drawdown (5Y) Largest decline over 5 years	-36.83%	-20.39%	-16.44%
Max Drawdown (10Y) Largest decline over 10 years	-57.34%	—	—
Current Drawdown Current decline from peak	-20.37%	-1.22%	-19.15%
Average Drawdown Average peak-to-trough decline	-44.40%	-6.51%	-37.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	1.80%	+5.79%

Volatility

JBL vs. DBMF - Volatility Comparison

Jabil Inc. (JBL) has a higher volatility of 14.29% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.83%. This indicates that JBL'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

	JBL	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.29%	2.83%	+11.46%
Volatility (6M) Calculated over the trailing 6-month period	33.96%	10.06%	+23.90%
Volatility (1Y) Calculated over the trailing 1-year period	43.57%	12.61%	+30.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.38%	12.52%	+25.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.22%	12.38%	+24.84%

Dividends

JBL vs. DBMF - Dividend Comparison

JBL's dividend yield for the trailing twelve months is around 0.10%, less than DBMF's 5.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBMF iMGP DBi Managed Futures Strategy ETF	5.12%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%	0.00%	0.00%
JBL Jabil Inc.	0.10%	0.14%	0.22%	0.25%	0.47%	0.45%	0.75%	0.77%	1.29%	1.22%	1.35%	1.37%

Frequently Asked Questions

Can I hold both JBL and DBMF in my portfolio?

JBL and DBMF have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JBL or DBMF?

JBL has higher volatility (14.29%) compared to DBMF (2.83%). In terms of maximum drawdown, JBL dropped -94.92% vs DBMF's -20.39%.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.14 vs 0.94), 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.