PQTIX vs. DBMF

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and iM DBi Managed Futures Strategy ETF (DBMF).

PQTIX is an actively managed fund by PIMCO. It was launched on Jan 2, 2014. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.

Performance

PQTIX vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and iM DBi Managed Futures Strategy ETF (DBMF). The values are adjusted to include any dividend payments, if applicable.

PQTIX vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	4.68%	2.39%	-2.88%	-4.19%	11.62%	14.87%	9.96%	2.40%
DBMF iM DBi Managed Futures Strategy ETF	7.87%	13.85%	7.24%	-8.94%	21.61%	11.49%	1.80%	10.67%

Returns By Period

In the year-to-date period, PQTIX achieves a 4.68% return, which is significantly lower than DBMF's 7.87% return.

PQTIX

• 1D: 0.18%
• 1M: -2.27%
• YTD: 4.68%
• 6M: 10.36%
• 1Y: 12.24%
• 3Y*: 2.14%
• 5Y*: 4.39%
• 10Y*: 3.86%

DBMF

• 1D: -0.20%
• 1M: -3.82%
• YTD: 7.87%
• 6M: 15.44%
• 1Y: 26.29%
• 3Y*: 9.90%
• 5Y*: 8.63%
• 10Y*: —

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

PQTIX vs. DBMF - Expense Ratio Comparison

PQTIX has a 1.54% expense ratio, which is higher than DBMF's 0.85% expense ratio.

PQTIX

PIMCO TRENDS Managed Futures Strategy Fund Institutional Class

DBMF

iM DBi Managed Futures Strategy ETF

Return for Risk

PQTIX vs. DBMF — Risk / Return Rank

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

PQTIX

PQTIX Risk / Return Rank: 64
PQTIX Sharpe Ratio Rank: 76
PQTIX Sortino Ratio Rank: 75
PQTIX Omega Ratio Rank: 65
PQTIX Calmar Ratio Rank: 67
PQTIX Martin Ratio Rank: 35

DBMF

DBMF Risk / Return Rank: 95
DBMF Sharpe Ratio Rank: 94
DBMF Sortino Ratio Rank: 95
DBMF Omega Ratio Rank: 95
DBMF Calmar Ratio Rank: 96
DBMF Martin Ratio Rank: 97

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.

PQTIX vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) and iM 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.

	PQTIX	DBMF	Difference
Sharpe ratio Return per unit of total volatility	1.39	2.19	-0.79
Sortino ratio Return per unit of downside risk	1.89	2.98	-1.09
Omega ratio Gain probability vs. loss probability	1.25	1.46	-0.21
Calmar ratio Return relative to maximum drawdown	1.56	4.25	-2.69
Martin ratio Return relative to average drawdown	3.82	18.51	-14.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQTIX vs. DBMF - Sharpe Ratio Comparison

The current PQTIX Sharpe Ratio is 1.39, which is lower than the DBMF Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of PQTIX and DBMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PQTIX	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	2.19	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.68	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.74	-0.26

Correlation

The correlation between PQTIX and DBMF is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PQTIX vs. DBMF - Dividend Comparison

PQTIX has not paid dividends to shareholders, while DBMF's dividend yield for the trailing twelve months is around 5.30%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PQTIX PIMCO TRENDS Managed Futures Strategy Fund Institutional Class	0.00%	0.00%	0.00%	0.00%	14.83%	2.47%	5.65%	2.55%	0.39%	0.25%	0.00%	8.06%
DBMF iM DBi Managed Futures Strategy ETF	5.30%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PQTIX vs. DBMF - Drawdown Comparison

The maximum PQTIX drawdown since its inception was -27.65%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for PQTIX and DBMF.

Drawdown Indicators

	PQTIX	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-27.65%	-20.39%	-7.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-6.10%	-1.87%
Max Drawdown (5Y) Largest decline over 5 years	-27.65%	-20.39%	-7.26%
Max Drawdown (10Y) Largest decline over 10 years	-27.65%	—	—
Current Drawdown Current decline from peak	-12.38%	-3.82%	-8.56%
Average Drawdown Average peak-to-trough decline	-9.23%	-6.70%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	1.40%	+1.86%

Volatility

PQTIX vs. DBMF - Volatility Comparison

The current volatility for PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) is 3.59%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 5.24%. This indicates that PQTIX experiences smaller price fluctuations and is considered to be less risky than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PQTIX	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	5.24%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	6.76%	11.10%	-4.34%
Volatility (1Y) Calculated over the trailing 1-year period	8.79%	12.09%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.86%	12.66%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.38%	12.48%	-3.10%