DBMF vs TSPA

Comparison between IMGP DBI MANAGED FUTURES STRATEGY ETF (DBMF, ETF) and T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF).

5-Year PerformanceTSPA has outperformed DBMF, delivering a return of +13.6% compared to +9.3%

DBMF vs TSPA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DBMF(ETF)	TSPA(ETF)
Net Assets	$4.20B	$4.30B
Expense Ratio	0.85%	0.34%
Max Drawdown	29.26%	24.72%
Sharpe Ratio	1.73	1.20
5Y Beta	0.23	0.97
P/E Ratio	N/A	28.90
Forward P/E	N/A	21.41
5Y Dividends CAGR	50.84%	N/A
5Y EPS CAGR	N/A	27.63%
Debt to Equity	N/A	34.00%
P/S Ratio	N/A	4.16
P/B Ratio	N/A	5.98

Net Assets

DBMF

$4.20B

Winner

TSPA

$4.30B

Expense Ratio

DBMF

0.85%

Winner

TSPA

0.34%

Max Drawdown

DBMF

29.26%

Winner

TSPA

24.72%

Sharpe Ratio

Winner

DBMF

1.73

TSPA

1.20

5Y Beta

Winner

DBMF

0.23

TSPA

0.97

P/E Ratio

DBMF

N/A

TSPA

28.90

Forward P/E

DBMF

N/A

TSPA

21.41

5Y Dividends CAGR

DBMF

50.84%

TSPA

N/A

5Y EPS CAGR

DBMF

N/A

TSPA

27.63%

Debt to Equity

DBMF

N/A

TSPA

34.00%

P/S Ratio

DBMF

N/A

TSPA

4.16

P/B Ratio

DBMF

N/A

TSPA

5.98

DBMF vs TSPA - Historical Returns

Returns include dividend reinvestment.

Period	DBMF	TSPA
1 month	+0.16%	+1.94%
3 months	+1.34%	+2.75%
6 months	+2.20%	+11.18%
1 year	+28.48%	+21.32%
5 years(CAGR)	+9.29%	+13.55%
Max(CAGR)	+9.31%	+14.19%

DBMF

+0.16%

Winner

TSPA

+1.94%

DBMF

+1.34%

Winner

TSPA

+2.75%

DBMF

+2.20%

Winner

TSPA

+11.18%

Winner

DBMF

+28.48%

TSPA

+21.32%

5Y(CAGR)

DBMF

+9.29%

Winner

TSPA

+13.55%

Max(CAGR)

DBMF

+9.31%

Winner

TSPA

+14.19%

DBMF vs TSPA - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	DBMF	TSPA
2026	+12.44%	+12.40%
2025	+13.02%	+16.49%
2024	+7.00%	+27.28%
2023	-8.72%	+30.41%
2022	+20.44%	-19.11%
2021	+11.21%	+13.72%
2020	+0.47%	N/A
2019	+10.68%	N/A

DBMF vs TSPA Drawdown Comparison

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

The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.

The current DBMF drawdown is -0.54%. The current TSPA drawdown is -1.65%.

Rank	DBMF	TSPA
#1	-20.44% Oct 20, 2022 - Dec 19, 2025	-24.72% Dec 29, 2021 - Nov 22, 2023
#2	-10.43% Feb 20, 2020 - Feb 8, 2021	-19.04% Feb 19, 2025 - Jun 27, 2025
#3	-7.38% Jun 13, 2022 - Sep 21, 2022	-9.24% Jan 29, 2026 - Apr 14, 2026
#4	-6.73% Sep 4, 2019 - Jan 16, 2020	-8.90% Jul 16, 2024 - Sep 19, 2024
#5	-6.18% Nov 16, 2021 - Feb 11, 2022	-5.49% Mar 28, 2024 - May 14, 2024
#6	-6.10% Feb 27, 2026 - Jun 2, 2026	-5.40% Oct 29, 2025 - Dec 11, 2025
#7	-5.50% Jun 15, 2021 - Nov 9, 2021	-4.78% Aug 30, 2021 - Oct 19, 2021
#8	-4.75% Sep 27, 2022 - Oct 19, 2022	-4.46% Jun 2, 2026 - Aug 4, 2026
#9	-4.03% Mar 17, 2021 - Apr 19, 2021	-4.16% Nov 16, 2021 - Dec 23, 2021
#10	-3.89% May 6, 2022 - Jun 8, 2022	-3.91% Dec 6, 2024 - Jan 22, 2025
#11	-3.71% Jan 29, 2026 - Feb 9, 2026	-2.97% Oct 8, 2025 - Oct 24, 2025
#12	-3.69% Jun 3, 2026 - Jul 21, 2026	-2.82% Jul 12, 2021 - Jul 23, 2021
#13	-3.55% Mar 8, 2022 - Mar 21, 2022	-2.77% Dec 11, 2025 - Dec 23, 2025
#14	-3.36% Feb 24, 2021 - Mar 11, 2021	-2.64% Oct 14, 2024 - Nov 6, 2024
#15	-2.86% May 2, 2022 - May 6, 2022	-2.59% Jan 12, 2026 - Jan 27, 2026