DBMF vs BILS

Comparison between IMGP DBI MANAGED FUTURES STRATEGY ETF (DBMF, ETF) and STATE STREET(R) SPDR(R) BLOOMBERG 3-12 MONTH T-BILL ETF (BILS, ETF).

5-Year PerformanceDBMF has outperformed BILS, delivering a return of +8.0% compared to +3.3%

DBMF vs BILS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DBMF(ETF)	BILS(ETF)
Net Assets	$3.90B	$3.90B
Expense Ratio	0.85%	0.14%
Max Drawdown	29.26%	1.20%
Sharpe Ratio	1.76	0.63
5Y Beta	0.27	-0.00
5Y Dividends CAGR	51.19%	N/A

Net Assets

DBMF

$3.90B

BILS

$3.90B

Expense Ratio

DBMF

0.85%

Winner

BILS

0.14%

Max Drawdown

DBMF

29.26%

Winner

BILS

1.20%

Sharpe Ratio

Winner

DBMF

1.76

BILS

0.63

5Y Beta

DBMF

0.27

Winner

BILS

-0.00

5Y Dividends CAGR

DBMF

51.19%

BILS

N/A

DBMF vs BILS - Historical Returns

Returns include dividend reinvestment.

Period	DBMF	BILS
1 month	-0.64%	+0.32%
3 months	+0.13%	+0.89%
6 months	+11.24%	+1.69%
1 year	+27.33%	+3.92%
5 years(CAGR)	+7.97%	+3.32%
Max(CAGR)	+9.22%	+2.89%

DBMF

-0.64%

Winner

BILS

+0.32%

DBMF

+0.13%

Winner

BILS

+0.89%

Winner

DBMF

+11.24%

BILS

+1.69%

Winner

DBMF

+27.33%

BILS

+3.92%

5Y(CAGR)

Winner

DBMF

+7.97%

BILS

+3.32%

Max(CAGR)

Winner

DBMF

+9.22%

BILS

+2.89%

DBMF vs BILS - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	DBMF	BILS
2026	+9.91%	+1.49%
2025	+13.02%	+4.19%
2024	+7.00%	+5.15%
2023	-8.72%	+4.92%
2022	+20.44%	+0.91%
2021	+11.21%	-0.08%
2020	+0.47%	+0.00%
2019	+10.68%	N/A

DBMF vs BILS Drawdown Comparison

The maximum drawdown for DBMF was -20.44%, occurring on Mar 24, 2023. Recovery took 794 trading sessions.

The maximum drawdown for BILS was -0.41%, occurring on Jun 14, 2022. Recovery took 415 trading sessions.

The current DBMF drawdown is -1.91%.

Rank	DBMF	BILS
#1	-20.44% Oct 20, 2022 - Dec 19, 2025	-0.41% Feb 5, 2021 - Sep 29, 2022
#2	-10.43% Feb 20, 2020 - Feb 8, 2021	-0.08% Oct 6, 2022 - Oct 27, 2022
#3	-7.38% Jun 13, 2022 - Sep 21, 2022	-0.07% Mar 17, 2023 - Mar 23, 2023
#4	-6.73% Sep 4, 2019 - Jan 16, 2020	-0.04% Feb 1, 2024 - Feb 7, 2024
#5	-6.18% Nov 16, 2021 - Feb 11, 2022	-0.04% Apr 5, 2023 - Apr 13, 2023
#6	-6.10% Feb 27, 2026 - Jun 2, 2026	-0.04% Mar 13, 2023 - Mar 15, 2023
#7	-5.50% Jun 15, 2021 - Nov 9, 2021	-0.03% Mar 2, 2023 - Mar 9, 2023
#8	-4.75% Sep 27, 2022 - Oct 19, 2022	-0.03% Apr 8, 2025 - Apr 11, 2025
#9	-4.03% Mar 17, 2021 - Apr 19, 2021	-0.03% Apr 13, 2023 - Apr 19, 2023
#10	-3.89% May 6, 2022 - Jun 8, 2022	-0.03% Nov 10, 2022 - Nov 17, 2022
#11	-3.71% Jan 29, 2026 - Feb 9, 2026	-0.03% Oct 28, 2025 - Oct 31, 2025
#12	-3.55% Mar 8, 2022 - Mar 21, 2022	-0.03% Mar 24, 2023 - Mar 30, 2023
#13	-3.36% Feb 24, 2021 - Mar 11, 2021	-0.02% Oct 9, 2020 - Feb 5, 2021
#14	-2.86% May 2, 2022 - May 6, 2022	-0.02% Dec 17, 2024 - Dec 19, 2024
#15	-2.74% Mar 23, 2022 - Apr 5, 2022	-0.02% Mar 15, 2023 - Mar 17, 2023