DBMF vs VOO
iMGP DBi Managed Futures Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. DBMF delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DBMF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $2.1B | $979.0B | |
| Dividend Yield | 5.16% | 1.09% | |
| Holdings | 12 | 509 | |
| YTD Return | +10.87% | +13.80% | |
| 1Y Return | +26.89% | +23.71% | |
| 3Y Return (annualized) | +9.16% | +21.50% | |
| 5Y Return (annualized) | +9.08% | +13.44% | |
| Volatility (annualized) | 11.6% | 14.1% | |
| Max Drawdown | -20.4% | -34.3% | |
| Fund Family | iMGP Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 7, 2019 | Sep 7, 2010 |
DBMF vs VOO Performance
iMGP DBi Managed Futures Strategy ETF (DBMF) is a ETF from iMGP Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DBMF returned +26.89% while VOO returned +23.71%. Year to date, DBMF is up 10.87% versus a gain of 13.80% for VOO.
Over three years, DBMF compounded at +9.16% per year against +21.50% for VOO; over five years the annualized figures are +9.08% and +13.44% respectively. Across the full 7-year window we track, VOO has the edge at +13.58% annualized vs +7.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 -0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBMF charges 0.85% per year while VOO charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, DBMF currently yields 5.16% against 1.09% for VOO.
Holdings Overlap
DBMF and VOO share 0 holdings out of 506 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 VOO?
DBMF has an expense ratio of 0.85% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, DBMF or VOO?
Over the past year DBMF returned +26.89% vs +23.71% for VOO, so DBMF leads on 1-year performance. Over the longest common window we track (7 years), DBMF annualized +7.71% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, DBMF or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.6% for DBMF. Worst drawdown: DBMF -20.4% vs VOO -34.3%.
Should I hold both DBMF and VOO?
DBMF and VOO have a monthly-return correlation of -0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBMF and VOO?
DBMF and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, DBMF or VOO?
DBMF yields 5.16% while VOO yields 1.09%, so DBMF currently pays the higher dividend yield.
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