DBMF vs VYM
iMGP DBi Managed Futures Strategy ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. DBMF delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | DBMF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.04% | |
| AUM | $2.1B | $81.6B | |
| Dividend Yield | 5.12% | 2.24% | |
| Holdings | 12 | 616 | |
| YTD Return | +12.59% | +14.84% | |
| 1Y Return | +27.18% | +20.88% | |
| 3Y Return (annualized) | +9.83% | +18.34% | |
| 5Y Return (annualized) | +9.07% | +12.04% | |
| Volatility (annualized) | 11.6% | 14.6% | |
| Max Drawdown | -20.4% | -58.8% | |
| Fund Family | iMGP Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 7, 2019 | Nov 10, 2006 |
DBMF vs VYM Performance
iMGP DBi Managed Futures Strategy ETF (DBMF) is a ETF from iMGP Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DBMF returned +27.18% while VYM returned +20.88%. Year to date, DBMF is up 12.59% versus a gain of 14.84% for VYM.
Over three years, DBMF compounded at +9.83% per year against +18.34% for VYM; over five years the annualized figures are +9.07% and +12.04% respectively. Across the full 7-year window we track, DBMF has the edge at +7.88% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 -0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBMF charges 0.85% per year while VYM charges 0.04%. On a $10,000 position that is $85 vs $4 annually, a gap of $81 per year that compounds over a long holding period. On income, DBMF currently yields 5.12% against 2.24% for VYM.
Holdings Overlap
DBMF and VYM share 0 holdings out of 604 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 VYM?
DBMF has an expense ratio of 0.85% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, DBMF or VYM?
Over the past year DBMF returned +27.18% vs +20.88% for VYM, so DBMF leads on 1-year performance. Over the longest common window we track (7 years), DBMF annualized +7.88% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, DBMF or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.6% for DBMF. Worst drawdown: DBMF -20.4% vs VYM -58.8%.
Should I hold both DBMF and VYM?
DBMF and VYM have a monthly-return correlation of -0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBMF and VYM?
DBMF and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, DBMF or VYM?
DBMF yields 5.12% while VYM yields 2.24%, so DBMF currently pays the higher dividend yield.
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