RIET vs. DBMF

Last updated Jun 4, 2026

RIET (Hoya Capital High Dividend Yield ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. RIET is passively managed, while DBMF is actively managed. Over the past 3 years, RIET returned 8.68%/yr vs 10.81%/yr for DBMF. At a correlation of -0.05, they often move in opposite directions. RIET charges 0.50%/yr vs 0.85%/yr for DBMF.

Performance

RIET vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital High Dividend Yield ETF (RIET) 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, RIET achieves a 6.14% return, which is significantly lower than DBMF's 12.42% return.

RIET

• 1D: -1.15%
• 1M: 0.48%
• YTD: 6.14%
• 6M: 5.42%
• 1Y: 12.32%
• 3Y*: 8.68%
• 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)

RIET vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RIET Hoya Capital High Dividend Yield ETF	6.14%	2.43%	1.18%	13.04%	-25.29%	2.35%
DBMF iMGP DBi Managed Futures Strategy ETF	12.42%	13.85%	7.24%	-8.94%	21.61%	1.94%

Correlation

The correlation between RIET and DBMF is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	-0.05

The correlation between RIET and DBMF shifts across timeframes, from -0.05 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.

RIET vs. DBMF - Sectors Allocation Comparison

Sectors	RIET	DBMF
Real Estate	87.8%	2.5%
Financial Services	2.6%	12.5%
Basic Materials	-	2.2%
Communication Services	-	8.6%
Consumer Cyclical	-	11.0%
Consumer Defensive	-	6.1%
Energy	-	3.9%
Healthcare	-	12.7%
Industrials	-	8.4%
Technology	-	29.8%
Utilities	-	2.3%

Return for Risk

RIET vs. DBMF — Risk / Return Rank

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

RIET

RIET Risk / Return Rank: 26
RIET Sharpe Ratio Rank: 26
RIET Sortino Ratio Rank: 25
RIET Omega Ratio Rank: 24
RIET Calmar Ratio Rank: 29
RIET Martin Ratio Rank: 26

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.

RIET vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.

	RIET	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	0.94	2.59	-1.65
Sortino ratio: Return per unit of downside risk	1.37	3.39	-2.01
Omega ratio: Gain probability vs. loss probability	1.16	1.55	-0.39
Calmar ratio: Return relative to maximum drawdown	1.41	5.17	-3.76
Martin ratio: Return relative to average drawdown	3.68	19.07	-15.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIET vs. DBMF - Sharpe Ratio Comparison

The current RIET Sharpe Ratio is 0.94, which is lower than the DBMF Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of RIET 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

	RIET	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.59	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.77	-0.83

Drawdowns

RIET vs. DBMF - Drawdown Comparison

The maximum RIET drawdown since its inception was -34.61%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for RIET and DBMF.

Drawdown Indicators

	RIET	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-34.61%	-20.39%	-14.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-6.10%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-15.60%	-2.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Current Drawdown Current decline from peak	-8.50%	0.00%	-8.50%
Average Drawdown Average peak-to-trough decline	-16.43%	-6.59%	-9.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	1.65%	+1.71%

Volatility

RIET vs. DBMF - Volatility Comparison

Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 3.42% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.12%. This indicates that RIET'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

	RIET	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	2.12%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	9.76%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	12.17%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	12.52%	+6.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	12.41%	+6.54%

RIET vs. DBMF - Expense Ratio Comparison

RIET has a 0.50% expense ratio, which is lower than DBMF's 0.85% expense ratio.

Dividends

RIET vs. DBMF - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 10.88%, 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%
RIET Hoya Capital High Dividend Yield ETF	10.88%	11.04%	10.17%	9.33%	9.33%	1.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RIET and DBMF in my portfolio?

RIET and DBMF have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIET or DBMF?

RIET has higher volatility (3.42%) compared to DBMF (2.12%). In terms of maximum drawdown, RIET dropped -34.61% vs DBMF's -20.39%.

Which ETF is better, RIET or DBMF?

On 3-year performance, DBMF leads with 10.81% vs 8.68% for RIET. On fees, RIET is cheaper at 0.50% per year. On volatility, DBMF has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RIET or DBMF?

Over the 3-year period, DBMF has performed better with a 10.81% return vs 8.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RIET or DBMF?

RIET is cheaper with a 0.50% expense ratio, compared with 0.85% for DBMF.

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

RIET has the higher dividend yield at 10.88%, compared with 5.09% for DBMF.

What is the main difference between RIET and DBMF?

RIET is categorized as REIT, while DBMF is Systematic Trend. They also come from different issuers: Pettee Investors and iM Global Partners. Their fees differ too: 0.50% for RIET and 0.85% for DBMF.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.59 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.