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iMGP DBi Managed Futures Strategy ETF

DBMF
$--
Today’s Change
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Snapshot
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Inception Date
May 08 2019
Expense Ratio
0.85%
Type
Global Hedge Fund
Fund Owner
iMGP Global Partner
Volume (1m avg. daily)
$15,809,331
AUM
$913,857,320
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

n/a
96.01%
n/a
Derivatives offset
93.61%
Invest with DBMF

What is DBMF?

The Fund is a non-diversified actively-managed exchange-traded fund ( ETF ) that does not seek to replicate the performance of a specific index. Rather, the Fund seeks to achieve its objective by: (i) investing its assets pursuant to managed futures strategy (described below); (ii) allocating up to 10% of its total assets in its wholly-owned subsidiary (the Subsidiary ), which is organized under the laws of the Cayman Islands, is advised by the Sub-Adviser (as defined herein), and will comply with the Fund s investment objective and investment policies; and (iii) investing directly in select debt instruments for cash management and other purposes. The Fund s managed futures strategy employs long and short positions in derivatives, primarily futures contracts and forward contracts, across the broad asset classes of equities, fixed income, currencies and, through the Subsidiary, commodities. Fund positions in those contracts are determined based on a proprietary, quantitative model the Dynamic Beta Engine that seeks to identify the main drivers of performance by approximating the current asset allocation of a selected pool of the largest commodity trading advisor hedge funds ( CTA ),

ETFs related toDBMF

ETFs correlated to DBMF include GDEF, GJAN, KMLM

DBMFManager Directed Portfolios - iMGP DBi Managed Futures Strategy ETF
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
KMLMKraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
PPEMPutnam ETF Trust - Putnam PanAgora ESG Emerging Markets Equity ETF
UUPInvesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
USDUWisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
AMZDDirexion Shares ETF Trust - Direxion Daily AMZN Bear 1X Shares
RATEGlobal X Funds - Global X Interest Rate Hedge ETF
EUOProShares Trust - ProShares UltraShort Euro -2X Shares
PHYDPutnam ETF Trust - Putnam ESG High Yield ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Disclaimers

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We show information directly obtained from our data provider, XigniteData shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our providerInformation provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.