TD.TO vs. DBMF
TD.TO (The Toronto-Dominion Bank) 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, TD.TO returned 18.47%/yr vs 11.17%/yr for DBMF. At a 0.06 correlation, their price movements are largely independent.
Performance
TD.TO vs. DBMF - Performance Comparison
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Different Trading Currencies
TD.TO is traded in CAD, while DBMF is traded in USD. To make them comparable, the DBMF values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TD.TO achieves a 28.85% return, which is significantly higher than DBMF's 12.50% return.
TD.TO
- 1D
- 1.10%
- 1M
- 10.59%
- YTD
- 28.85%
- 6M
- 32.50%
- 1Y
- 76.68%
- 3Y*
- 33.03%
- 5Y*
- 18.47%
- 10Y*
- 16.09%
DBMF
- 1D
- 0.44%
- 1M
- 0.58%
- YTD
- 12.50%
- 6M
- 12.83%
- 1Y
- 30.45%
- 3Y*
- 11.28%
- 5Y*
- 11.17%
- 10Y*
- —
TD.TO vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 28.85% | 77.06% | -6.05% | 2.34% | -6.01% | 40.15% | 3.72% | -1.65% |
DBMF iMGP DBi Managed Futures Strategy ETF | 12.50% | 8.65% | 16.32% | -11.10% | 29.31% | 11.44% | -0.61% | 7.16% |
Correlation
The correlation between TD.TO and DBMF is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.06 |
The correlation between TD.TO and DBMF shifts across timeframes, from 0.04 (5 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TD.TO vs. DBMF — Risk / Return Rank
TD.TO
DBMF
TD.TO vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) 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.
| TD.TO | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.44 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 11.51 | 5.17 | +6.35 |
| Martin ratioReturn relative to average drawdown | 48.39 | 18.92 | +29.47 |
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Drawdowns
TD.TO vs. DBMF - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, which is greater than DBMF's maximum drawdown of -21.87%. Use the drawdown chart below to compare losses from any high point for TD.TO and DBMF.
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Drawdown Indicators
| TD.TO | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -21.87% | -30.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -5.87% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -13.28% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -21.87% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.00% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -7.44% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.60% | -0.01% |
Volatility
TD.TO vs. DBMF - Volatility Comparison
The Toronto-Dominion Bank (TD.TO) has a higher volatility of 5.14% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.95%. This indicates that TD.TO'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.
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Volatility by Period
| TD.TO | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 2.95% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 10.89% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 13.21% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 14.04% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 14.05% | +5.24% |
Dividends
TD.TO vs. DBMF - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.60%, less than DBMF's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TD.TO The Toronto-Dominion Bank | 2.60% | 3.25% | 5.33% | 4.48% | 4.06% | 3.26% | 4.32% | 3.97% | 3.85% | 3.19% | 3.26% | 3.69% |
Frequently Asked Questions
TD.TO and DBMF have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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