TSUKY vs. DBMF

Last updated Jul 18, 2026

TSUKY (Toyo Suisan Kaisha Ltd ADR) 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, TSUKY returned 12.59%/yr vs 8.52%/yr for DBMF. At a 0.02 correlation, their price movements are largely independent.

Performance

TSUKY vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toyo Suisan Kaisha Ltd ADR (TSUKY) 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, TSUKY achieves a -0.77% return, which is significantly lower than DBMF's 11.01% return.

TSUKY

• 1D: 0.85%
• 1M: 3.73%
• 6M: -5.56%
• YTD: -0.77%
• 1Y: -2.34%
• 3Y*: 14.19%
• 5Y*: 12.59%
• 10Y*: 5.35%

DBMF

• 1D: -0.03%
• 1M: 1.16%
• 6M: 8.50%
• YTD: 11.01%
• 1Y: 26.84%
• 3Y*: 9.48%
• 5Y*: 8.52%
• 10Y*: —

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

TSUKY vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TSUKY Toyo Suisan Kaisha Ltd ADR	-0.77%	-4.13%	35.23%	31.91%	-9.20%	-8.59%	12.86%	11.92%
DBMF iMGP DBi Managed Futures Strategy ETF	11.01%	13.85%	7.24%	-8.94%	21.61%	11.49%	1.80%	10.51%

Correlation

The correlation between TSUKY and DBMF is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since May 8, 2019	0.02

Return for Risk

TSUKY vs. DBMF — Risk / Return Rank

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

TSUKY

TSUKY Risk / Return Rank: 44
TSUKY Sharpe Ratio Rank: 44
TSUKY Sortino Ratio Rank: 46
TSUKY Omega Ratio Rank: 46
TSUKY Calmar Ratio Rank: 43
TSUKY Martin Ratio Rank: 43

DBMF

DBMF Risk / Return Rank: 86
DBMF Sharpe Ratio Rank: 83
DBMF Sortino Ratio Rank: 78
DBMF Omega Ratio Rank: 88
DBMF Calmar Ratio Rank: 91
DBMF Martin Ratio Rank: 88

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.

TSUKY vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toyo Suisan Kaisha Ltd ADR (TSUKY) 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.

	TSUKY	DBMF	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	2.14	-2.17
Sortino ratio: Return per unit of downside risk	0.46	2.82	-2.36
Omega ratio: Gain probability vs. loss probability	1.06	1.44	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.09	4.42	-4.51
Martin ratio: Return relative to average drawdown	-0.15	14.97	-15.12

TSUKY vs. DBMF - Sharpe Ratio Comparison

The current TSUKY Sharpe Ratio is -0.03, which is lower than the DBMF Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of TSUKY 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.

Drawdowns

TSUKY vs. DBMF - Drawdown Comparison

The maximum TSUKY drawdown since its inception was -54.81%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for TSUKY and DBMF.

Drawdown Indicators

	TSUKY	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-20.39%	-34.42%
Max Drawdown (1Y) Largest decline over 1 year	-27.60%	-6.10%	-21.50%
Max Drawdown (3Y) Largest decline over 3 years	-30.78%	-15.60%	-15.18%
Max Drawdown (5Y) Largest decline over 5 years	-40.07%	-20.39%	-19.68%
Max Drawdown (10Y) Largest decline over 10 years	-54.81%	—	—
Current Drawdown Current decline from peak	-20.24%	-1.25%	-18.99%
Average Drawdown Average peak-to-trough decline	-19.62%	-6.51%	-13.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.52%	1.80%	+13.72%

Volatility

TSUKY vs. DBMF - Volatility Comparison

Toyo Suisan Kaisha Ltd ADR (TSUKY) has a higher volatility of 12.62% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.69%. This indicates that TSUKY'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

	TSUKY	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.62%	2.69%	+9.93%
Volatility (6M) Calculated over the trailing 6-month period	41.64%	10.05%	+31.59%
Volatility (1Y) Calculated over the trailing 1-year period	70.19%	12.61%	+57.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.45%	12.52%	+45.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.92%	12.38%	+65.54%

Dividends

TSUKY vs. DBMF - Dividend Comparison

TSUKY has not paid dividends to shareholders, while DBMF's dividend yield for the trailing twelve months is around 5.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DBMF iMGP DBi Managed Futures Strategy ETF	5.12%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%
TSUKY Toyo Suisan Kaisha Ltd ADR	0.00%	1.25%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSUKY and DBMF in my portfolio?

TSUKY and DBMF have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSUKY or DBMF?

TSUKY has higher volatility (12.62%) compared to DBMF (2.69%). In terms of maximum drawdown, TSUKY dropped -54.81% vs DBMF's -20.39%.

Which has better risk-adjusted returns?

DBMF currently has the higher Sharpe Ratio (2.14 vs -0.03), 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.