STIP vs. DBMF
STIP (iShares 0-5 Year TIPS Bond ETF) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while DBMF is a Systematic Trend fund actively managed by iM Global Partners. STIP is passively managed, while DBMF is actively managed. Over the past 5 years, STIP returned 3.38%/yr vs 8.01%/yr for DBMF. At a correlation of -0.04, they often move in opposite directions. STIP charges 0.06%/yr vs 0.85%/yr for DBMF.
Performance
STIP vs. DBMF - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 1.87% return, which is significantly lower than DBMF's 10.27% return.
STIP
- 1D
- -0.02%
- 1M
- -0.09%
- YTD
- 1.87%
- 6M
- 1.97%
- 1Y
- 4.54%
- 3Y*
- 5.26%
- 5Y*
- 3.38%
- 10Y*
- 3.14%
DBMF
- 1D
- 0.26%
- 1M
- -1.34%
- YTD
- 10.27%
- 6M
- 11.24%
- 1Y
- 26.94%
- 3Y*
- 9.64%
- 5Y*
- 8.01%
- 10Y*
- —
STIP vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 1.87% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 2.84% |
DBMF iMGP DBi Managed Futures Strategy ETF | 10.27% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.51% |
Correlation
The correlation between STIP and DBMF is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | -0.04 |
The correlation between STIP and DBMF shifts across timeframes, from -0.15 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
STIP vs. DBMF — Risk / Return Rank
STIP
DBMF
STIP vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) 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.
| STIP | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.47 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.63 | 4.50 | +2.13 |
| Martin ratioReturn relative to average drawdown | 25.91 | 16.30 | +9.60 |
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Drawdowns
STIP vs. DBMF - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for STIP and DBMF.
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Drawdown Indicators
| STIP | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -20.39% | +14.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -6.10% | +5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -15.60% | +14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -20.39% | +14.89% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.91% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -6.56% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 1.68% | -1.50% |
Volatility
STIP vs. DBMF - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.41%, while iMGP DBi Managed Futures Strategy ETF (DBMF) has a volatility of 2.71%. This indicates that STIP 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.
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Volatility by Period
| STIP | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 2.71% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 10.00% | -8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 12.35% | -10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 12.55% | -9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 12.41% | -9.96% |
STIP vs. DBMF - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Dividends
STIP vs. DBMF - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.31%, less than DBMF's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.19% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.31% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Frequently Asked Questions
STIP and DBMF have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBMF has higher volatility (2.71%) compared to STIP (0.41%). In terms of maximum drawdown, STIP dropped -5.50% vs DBMF's -20.39%.
On 5-year performance, DBMF leads with 8.01% vs 3.38% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBMF has performed better with a 8.01% return vs 3.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.85% for DBMF.
DBMF has the higher dividend yield at 5.19%, compared with 4.31% for STIP.
STIP is categorized as Inflation-Protected Bonds, while DBMF is Systematic Trend. They also come from different issuers: iShares and iM Global Partners. Their fees differ too: 0.06% for STIP and 0.85% for DBMF.
STIP currently has the higher Sharpe Ratio (3.17 vs 2.22), 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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