VWRA.L vs. DBMF
VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) and DBMF (iMGP DBi Managed Futures Strategy ETF) are both exchange-traded funds - VWRA.L is a Global Equities fund tracking the FTSE All-World Index, while DBMF is a Systematic Trend fund actively managed by iM Global Partners. VWRA.L is passively managed, while DBMF is actively managed. Over the past 5 years, VWRA.L returned 10.91%/yr vs 8.01%/yr for DBMF. At a 0.12 correlation, their price movements are largely independent. VWRA.L charges 0.22%/yr vs 0.85%/yr for DBMF.
Performance
VWRA.L vs. DBMF - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with VWRA.L having a 10.21% return and DBMF slightly higher at 10.27%.
VWRA.L
- 1D
- 2.32%
- 1M
- -0.01%
- YTD
- 10.21%
- 6M
- 11.90%
- 1Y
- 26.42%
- 3Y*
- 19.80%
- 5Y*
- 10.91%
- 10Y*
- —
DBMF
- 1D
- 0.26%
- 1M
- -1.34%
- YTD
- 10.27%
- 6M
- 11.24%
- 1Y
- 26.94%
- 3Y*
- 9.64%
- 5Y*
- 8.01%
- 10Y*
- —
VWRA.L vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 10.21% | 22.45% | 17.65% | 22.28% | -18.11% | 18.46% | 16.19% | 7.42% |
DBMF iMGP DBi Managed Futures Strategy ETF | 10.27% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 6.45% |
Correlation
The correlation between VWRA.L and DBMF is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.12 |
Over the past year, VWRA.L and DBMF have become more correlated (0.38) than their long-term average of 0.12, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VWRA.L vs. DBMF — Risk / Return Rank
VWRA.L
DBMF
VWRA.L vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) 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.
| VWRA.L | DBMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.47 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 4.50 | -1.59 |
| Martin ratioReturn relative to average drawdown | 11.88 | 16.30 | -4.42 |
Loading charts...
Drawdowns
VWRA.L vs. DBMF - Drawdown Comparison
The maximum VWRA.L drawdown since its inception was -33.62%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for VWRA.L and DBMF.
Loading charts...
Drawdown Indicators
| VWRA.L | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -20.39% | -13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -6.10% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -15.60% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -20.39% | -5.67% |
Current DrawdownCurrent decline from peak | -1.98% | -1.91% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -6.56% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.68% | +0.48% |
Volatility
VWRA.L vs. DBMF - Volatility Comparison
Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a higher volatility of 4.38% compared to iMGP DBi Managed Futures Strategy ETF (DBMF) at 2.71%. This indicates that VWRA.L'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.
Loading charts...
Volatility by Period
| VWRA.L | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 2.71% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 10.00% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 12.35% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 12.55% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 12.41% | +4.84% |
VWRA.L vs. DBMF - Expense Ratio Comparison
VWRA.L has a 0.22% expense ratio, which is lower than DBMF's 0.85% expense ratio.
Dividends
VWRA.L vs. DBMF - Dividend Comparison
VWRA.L has not paid dividends to shareholders, while DBMF's dividend yield for the trailing twelve months is around 5.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBMF iMGP DBi Managed Futures Strategy ETF | 5.19% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWRA.L and DBMF have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRA.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRA.L is cheaper with a 0.22% expense ratio, compared with 0.85% for DBMF.
VWRA.L is categorized as Global Equities, while DBMF is Systematic Trend. They also come from different issuers: Vanguard and iM Global Partners. Their fees differ too: 0.22% for VWRA.L and 0.85% for DBMF.
Find the right allocation for VWRA.L and DBMF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer