FMF vs DBO

Comparison between FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF) and Invesco DB Oil Fund (DBO, ETF).

5-Year PerformanceDBO has outperformed FMF, delivering a return of +15.0% compared to +4.7%

FMF vs DBO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMF(ETF)	DBO(ETF)
Net Assets	$258M	$257M
Expense Ratio	0.98%	0.75%
Max Drawdown	24.79%	90.55%
Sharpe Ratio	0.80	1.39
5Y Beta	0.10	0.13
5Y Dividends CAGR	227.06%	44.55%

Net Assets

Winner

FMF

$258M

DBO

$257M

Expense Ratio

FMF

0.98%

Winner

DBO

0.75%

Max Drawdown

Winner

FMF

24.79%

DBO

90.55%

Sharpe Ratio

FMF

0.80

Winner

DBO

1.39

5Y Beta

Winner

FMF

0.10

DBO

0.13

5Y Dividends CAGR

Winner

FMF

227.06%

DBO

44.55%

FMF vs DBO - Holdings Comparison

FMF and DBO have 0 common holdings. Overlap is 0.00%

FMF's top 25 holdings weight is 32.95%. DBO's top 25 holdings weight is 52.28%.

Rank	FMF	DBO
#1	MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 32.95%	INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 41.45%
#2	N/A	INVESCO SHORT TERM TREASURY ETF (TBLL) - 10.83%
#3	N/A	N/A
#4	N/A	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	1	2

FMF vs DBO - Historical Returns

Returns include dividend reinvestment.

Period	FMF	DBO
1 month	-0.21%	-4.27%
3 months	-2.65%	-3.33%
6 months	+1.05%	+52.85%
1 year	+10.49%	+63.10%
5 years(CAGR)	+4.70%	+15.02%
10 years(CAGR)	+2.71%	+11.28%
Max(CAGR)	+1.85%	+0.50%

Winner

FMF

-0.21%

DBO

-4.27%

Winner

FMF

-2.65%

DBO

-3.33%

FMF

+1.05%

Winner

DBO

+52.85%

FMF

+10.49%

Winner

DBO

+63.10%

5Y(CAGR)

FMF

+4.70%

Winner

DBO

+15.02%

10Y(CAGR)

FMF

+2.71%

Winner

DBO

+11.28%

Max(CAGR)

Winner

FMF

+1.85%

DBO

+0.50%

FMF vs DBO - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FMF	DBO
2026	+6.90%	+78.72%
2025	+4.23%	-13.05%
2024	+7.67%	+8.56%
2023	-0.38%	-1.71%
2022	+4.68%	+11.47%
2021	+3.45%	+64.04%
2020	+5.25%	-21.14%
2019	-5.32%	+25.66%
2018	-2.31%	-15.51%
2017	+2.33%	+7.29%
2016	-4.09%	+6.73%
2015	-0.47%	-40.77%
2014	-1.10%	-41.74%
2013	+3.46%	+5.62%
2012	N/A	-12.57%
2011	N/A	+0.67%
2010	N/A	+0.46%
2009	N/A	+32.61%
2008	N/A	-45.80%
2007	N/A	+48.58%

FMF vs DBO Drawdown Comparison

The maximum drawdown for FMF was -22.22%, occurring on Mar 24, 2020. Recovery took 2001 trading sessions.

The maximum drawdown for DBO was -90.18%, occurring on Apr 28, 2020. This drawdown has not yet recovered.

The current FMF drawdown is -2.92%. The current DBO drawdown is -53.12%.

Rank	FMF	DBO
#1	-22.22% Apr 2, 2014 - Mar 14, 2022	-90.18% Jul 14, 2008 - Apr 28, 2020
#2	-14.98% Jun 14, 2022 - Oct 6, 2025	-11.30% Jan 3, 2008 - Feb 19, 2008
#3	-7.98% Mar 14, 2022 - Jun 9, 2022	-9.74% Jan 8, 2007 - Jan 31, 2007
#4	-4.51% May 18, 2026 - Jul 2, 2026	-8.93% May 21, 2008 - Jun 6, 2008
#5	-3.58% Dec 30, 2013 - Mar 27, 2014	-8.34% Nov 20, 2007 - Dec 27, 2007
#6	-3.42% Mar 12, 2026 - Apr 2, 2026	-8.16% Aug 2, 2007 - Sep 12, 2007
#7	-3.12% Oct 15, 2025 - Jan 9, 2026	-7.65% Mar 12, 2008 - Apr 7, 2008
#8	-2.31% Feb 11, 2026 - Feb 19, 2026	-6.06% Mar 29, 2007 - Jun 18, 2007
#9	-2.22% Aug 2, 2013 - Oct 10, 2013	-5.83% Apr 28, 2008 - May 5, 2008
#10	-1.69% Feb 4, 2026 - Feb 6, 2026	-5.60% Jul 3, 2008 - Jul 11, 2008
#11	-1.56% Jan 15, 2026 - Feb 3, 2026	-5.39% Mar 7, 2007 - Mar 28, 2007
#12	-1.47% Oct 22, 2013 - Nov 14, 2013	-5.36% Nov 9, 2007 - Nov 20, 2007
#13	-1.28% Apr 29, 2026 - May 12, 2026	-4.74% Jun 23, 2008 - Jul 1, 2008
#14	-1.27% Mar 2, 2026 - Mar 4, 2026	-3.79% Feb 28, 2007 - Mar 7, 2007
#15	-1.18% Oct 8, 2025 - Oct 13, 2025	-3.54% Oct 29, 2007 - Nov 2, 2007

Correlation

Correlation between FMF and DBO is 0.57 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.57

-101

Dividend Comparison (2007 - 2026)

FMF vs DBO dividend yield comparison.

Year	FMF	DBO
2026	0.83%	0.00%
2025	5.60%	3.51%
2024	4.85%	4.68%
2023	3.09%	4.59%
2022	0.41%	0.66%
2021	3.29%	0.00%
2020	0.02%	0.00%
2019	1.05%	1.63%
2018	1.56%	1.58%
2017	0.82%	0.00%
2013	2.38%	0.00%
2008	0.00%	0.62%
2007	0.00%	3.69%