DBMF vs QQQ
iMGP DBi Managed Futures Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. DBMF delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | DBMF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $2.1B | $455.8B | |
| Dividend Yield | 5.16% | 0.41% | |
| Holdings | 12 | 108 | |
| YTD Return | +12.30% | +17.46% | |
| 1Y Return | +28.68% | +26.02% | |
| 3Y Return (annualized) | +9.44% | +25.51% | |
| 5Y Return (annualized) | +9.20% | +15.12% | |
| Volatility (annualized) | 11.6% | 30.6% | |
| Max Drawdown | -20.4% | -83.0% | |
| Fund Family | iMGP Funds | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | May 7, 2019 | Mar 10, 1999 |
DBMF vs QQQ Performance
iMGP DBi Managed Futures Strategy ETF (DBMF) is a ETF from iMGP Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DBMF returned +28.68% while QQQ returned +26.02%. Year to date, DBMF is up 12.30% versus a gain of 17.46% for QQQ.
Over three years, DBMF compounded at +9.44% per year against +25.51% for QQQ; over five years the annualized figures are +9.20% and +15.12% respectively. Across the full 7-year window we track, QQQ has the edge at +13.08% annualized vs +7.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.6% for DBMF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.4% for DBMF and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBMF charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, DBMF currently yields 5.16% against 0.41% for QQQ.
Holdings Overlap
DBMF and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DBMF or QQQ?
DBMF has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, DBMF or QQQ?
Over the past year DBMF returned +28.68% vs +26.02% for QQQ, so DBMF leads on 1-year performance. Over the longest common window we track (7 years), DBMF annualized +7.89% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, DBMF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.6% for DBMF. Worst drawdown: DBMF -20.4% vs QQQ -83.0%.
Should I hold both DBMF and QQQ?
DBMF and QQQ have a monthly-return correlation of -0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBMF and QQQ?
DBMF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, DBMF or QQQ?
DBMF yields 5.16% while QQQ yields 0.41%, so DBMF currently pays the higher dividend yield.
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