QCLR vs. DBMF

Last updated Jun 4, 2026

QCLR (Global X NASDAQ 100 Collar 95-110 ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - QCLR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Collar 95-110 Index, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. QCLR is passively managed, while DBMF is actively managed. Over the past 3 years, QCLR returned 13.84%/yr vs 10.81%/yr for DBMF. At a 0.08 correlation, their price movements are largely independent. QCLR charges 0.60%/yr vs 0.85%/yr for DBMF.

Performance

QCLR vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Collar 95-110 ETF (QCLR) 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, QCLR achieves a 1.40% return, which is significantly lower than DBMF's 12.42% return.

QCLR

• 1D: 0.00%
• 1M: 1.52%
• YTD: 1.40%
• 6M: -0.07%
• 1Y: 11.39%
• 3Y*: 13.84%
• 5Y*: —
• 10Y*: —

DBMF

• 1D: 0.03%
• 1M: 2.35%
• YTD: 12.42%
• 6M: 14.20%
• 1Y: 31.40%
• 3Y*: 10.81%
• 5Y*: 8.46%
• 10Y*: —

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

QCLR vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QCLR Global X NASDAQ 100 Collar 95-110 ETF	1.40%	11.27%	20.27%	28.87%	-18.87%	3.02%
DBMF iMGP DBi Managed Futures Strategy ETF	12.42%	13.85%	7.24%	-8.94%	21.61%	1.76%

Correlation

The correlation between QCLR and DBMF is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.08

Over the past year, QCLR and DBMF have become more correlated (0.37) than their long-term average of 0.08, meaning their price movements have been converging.

QCLR vs. DBMF - Sectors Allocation Comparison

Sectors	QCLR	DBMF
Technology	53.8%	29.8%
Communication Services	15.8%	8.6%
Consumer Cyclical	12.2%	11.0%
Consumer Defensive	7.7%	6.1%
Healthcare	4.2%	12.7%
Industrials	2.9%	8.4%
Utilities	1.4%	2.3%
Basic Materials	1.1%	2.2%
Energy	0.6%	3.9%
Financial Services	0.2%	12.5%
Real Estate	0.1%	2.5%

Return for Risk

QCLR vs. DBMF — Risk / Return Rank

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

QCLR

QCLR Risk / Return Rank: 29
QCLR Sharpe Ratio Rank: 32
QCLR Sortino Ratio Rank: 29
QCLR Omega Ratio Rank: 32
QCLR Calmar Ratio Rank: 24
QCLR Martin Ratio Rank: 28

DBMF

DBMF Risk / Return Rank: 83
DBMF Sharpe Ratio Rank: 78
DBMF Sortino Ratio Rank: 73
DBMF Omega Ratio Rank: 87
DBMF Calmar Ratio Rank: 88
DBMF Martin Ratio Rank: 87

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.

QCLR vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) 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.

	QCLR	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.59	-1.43
Sortino ratio: Return per unit of downside risk	1.60	3.39	-1.79
Omega ratio: Gain probability vs. loss probability	1.22	1.55	-0.34
Calmar ratio: Return relative to maximum drawdown	1.12	5.17	-4.05
Martin ratio: Return relative to average drawdown	4.02	19.07	-15.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QCLR vs. DBMF - Sharpe Ratio Comparison

The current QCLR Sharpe Ratio is 1.17, which is lower than the DBMF Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of QCLR 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

	QCLR	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.59	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.77	-0.10

Drawdowns

QCLR vs. DBMF - Drawdown Comparison

The maximum QCLR drawdown since its inception was -21.77%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for QCLR and DBMF.

Drawdown Indicators

	QCLR	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-20.39%	-1.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.22%	-6.10%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	-15.60%	+2.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Current Drawdown Current decline from peak	-0.89%	0.00%	-0.89%
Average Drawdown Average peak-to-trough decline	-6.20%	-6.59%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	1.65%	+1.19%

Volatility

QCLR vs. DBMF - Volatility Comparison

The current volatility for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) is 0.45%, while iMGP DBi Managed Futures Strategy ETF (DBMF) has a volatility of 2.12%. This indicates that QCLR 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

	QCLR	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.45%	2.12%	-1.67%
Volatility (6M) Calculated over the trailing 6-month period	7.24%	9.76%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	9.82%	12.17%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.42%	12.52%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.42%	12.41%	+0.01%

QCLR vs. DBMF - Expense Ratio Comparison

QCLR has a 0.60% expense ratio, which is lower than DBMF's 0.85% expense ratio.

Dividends

QCLR vs. DBMF - Dividend Comparison

QCLR's dividend yield for the trailing twelve months is around 14.68%, more than DBMF's 5.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DBMF iMGP DBi Managed Futures Strategy ETF	5.09%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%
QCLR Global X NASDAQ 100 Collar 95-110 ETF	14.68%	14.89%	8.89%	0.47%	0.27%	1.64%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QCLR and DBMF in my portfolio?

QCLR and DBMF have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCLR or DBMF?

DBMF has higher volatility (2.12%) compared to QCLR (0.45%). In terms of maximum drawdown, QCLR dropped -21.77% vs DBMF's -20.39%.

Which ETF is better, QCLR or DBMF?

On 3-year performance, QCLR leads with 13.84% vs 10.81% for DBMF. On fees, QCLR is cheaper at 0.60% per year. On volatility, QCLR has been the lower-risk option at 0.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCLR or DBMF?

Over the 3-year period, QCLR has performed better with a 13.84% return vs 10.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCLR or DBMF?

QCLR is cheaper with a 0.60% expense ratio, compared with 0.85% for DBMF.

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

QCLR has the higher dividend yield at 14.68%, compared with 5.09% for DBMF.

What is the main difference between QCLR and DBMF?

QCLR is categorized as Nasdaq-100, while DBMF is Systematic Trend. They also come from different issuers: Global X and iM Global Partners. Their fees differ too: 0.60% for QCLR and 0.85% for DBMF.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.59 vs 1.17), 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.