DBMF vs IDEF

Comparison between IMGP DBI MANAGED FUTURES STRATEGY ETF (DBMF, ETF) and iShares Defense Industrials Active ETF (IDEF, ETF).

DBMF vs IDEF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DBMF(ETF)	IDEF(ETF)
Net Assets	$3.30B	$3.30B
Expense Ratio	0.85%	0.55%
Max Drawdown	29.26%	14.63%
Sharpe Ratio	1.83	1.36
5Y Beta	0.27	1.12
P/E Ratio	N/A	59.93
Forward P/E	N/A	29.12
5Y Dividends CAGR	51.19%	N/A
Debt to Equity	N/A	89.54%
P/S Ratio	N/A	2.85
P/B Ratio	N/A	4.95

Net Assets

DBMF

$3.30B

IDEF

$3.30B

Expense Ratio

DBMF

0.85%

Winner

IDEF

0.55%

Max Drawdown

DBMF

29.26%

Winner

IDEF

14.63%

Sharpe Ratio

Winner

DBMF

1.83

IDEF

1.36

5Y Beta

Winner

DBMF

0.27

IDEF

1.12

P/E Ratio

DBMF

N/A

IDEF

59.93

Forward P/E

DBMF

N/A

IDEF

29.12

5Y Dividends CAGR

DBMF

51.19%

IDEF

N/A

Debt to Equity

DBMF

N/A

IDEF

89.54%

P/S Ratio

DBMF

N/A

IDEF

2.85

P/B Ratio

DBMF

N/A

IDEF

4.95

DBMF vs IDEF - Historical Returns

Returns include dividend reinvestment.

Period	DBMF	IDEF
1 month	+1.69%	-4.78%
3 months	+0.62%	-5.67%
6 months	+13.99%	+7.90%
1 year	+28.85%	+32.76%
5 years(CAGR)	+8.14%	N/A
Max(CAGR)	+9.28%	+34.18%

Winner

DBMF

+1.69%

IDEF

-4.78%

Winner

DBMF

+0.62%

IDEF

-5.67%

Winner

DBMF

+13.99%

IDEF

+7.90%

DBMF

+28.85%

Winner

IDEF

+32.76%

5Y(CAGR)

DBMF

+8.14%

IDEF

N/A

Max(CAGR)

DBMF

+9.28%

Winner

IDEF

+34.18%

DBMF vs IDEF - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	DBMF	IDEF
2026	+9.45%	+5.04%
2025	+13.02%	+23.05%
2024	+7.00%	N/A
2023	-8.72%	N/A
2022	+20.44%	N/A
2021	+11.21%	N/A
2020	+0.47%	N/A
2019	+10.68%	N/A

DBMF vs IDEF Drawdown Comparison

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

The maximum drawdown for IDEF was -14.63%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current DBMF drawdown is -2.10%. The current IDEF drawdown is -9.67%.

Rank	DBMF	IDEF
#1	-20.44% Oct 20, 2022 - Dec 19, 2025	-14.63% Mar 2, 2026 - Mar 30, 2026
#2	-10.43% Feb 20, 2020 - Feb 8, 2021	-12.27% Oct 8, 2025 - Jan 5, 2026
#3	-7.38% Jun 13, 2022 - Sep 21, 2022	-7.38% Jan 16, 2026 - Mar 2, 2026
#4	-6.73% Sep 4, 2019 - Jan 16, 2020	-4.33% Aug 6, 2025 - Sep 10, 2025
#5	-6.18% Nov 16, 2021 - Feb 11, 2022	-1.59% Jun 30, 2025 - Jul 9, 2025
#6	-6.10% Feb 27, 2026 - Mar 23, 2026	-1.52% Jul 23, 2025 - Aug 4, 2025
#7	-5.50% Jun 15, 2021 - Nov 9, 2021	-1.25% Jun 9, 2025 - Jun 13, 2025
#8	-4.75% Sep 27, 2022 - Oct 19, 2022	-1.21% Jul 18, 2025 - Jul 23, 2025
#9	-4.03% Mar 17, 2021 - Apr 19, 2021	-0.71% Sep 16, 2025 - Sep 19, 2025
#10	-3.89% May 6, 2022 - Jun 8, 2022	-0.70% Jul 14, 2025 - Jul 17, 2025
#11	-3.71% Jan 29, 2026 - Feb 9, 2026	-0.68% Sep 23, 2025 - Sep 26, 2025
#12	-3.55% Mar 8, 2022 - Mar 21, 2022	-0.63% Jun 16, 2025 - Jun 23, 2025
#13	-3.36% Feb 24, 2021 - Mar 11, 2021	-0.56% Jul 9, 2025 - Jul 14, 2025
#14	-2.86% May 2, 2022 - May 6, 2022	-0.47% Oct 6, 2025 - Oct 8, 2025
#15	-2.74% Mar 23, 2022 - Apr 5, 2022	-0.41% May 27, 2025 - May 30, 2025