Data as of .
BTRN vs DBMF: which moved less with stocks?
Over the year to Sep 18, 2026, BTRN moved less with the S&P 500 than DBMF: correlation +0.21 against +0.26.
ETFIQ Diversifier Score: DBMF scores higher
How much does it diversify a stock portfolio?
A percentile among the 63 alternatives ETFs with a full year. It is a position in a set, not a rating, and neither end of it is a recommendation. All alternatives ETFs ranked by it · How it is computed
One strategy, two funds
BTRN and DBMF both run a managed futures strategy. Over the same 52 weeks to Sep 18, 2026, BTRN’s weekly returns had a correlation of +0.21 with the S&P 500 and DBMF’s +0.26. In the 22 weeks the index fell, by 1.24% a week on average, BTRN averaged −0.64% and DBMF +0.21%. Over the same weeks, BTRN finished 15.8 percentage points behind cash and DBMF finished 21.7 points ahead of cash.
Performance, window by window
| Window | Total return | vs the S&P 500 | ||
|---|---|---|---|---|
| BTRN | DBMF | BTRN | DBMF | |
| 3 months | +7.5% | +4.8% | +5.3 pts | +2.5 pts |
| 6 months | −0.7% | +9.1% | −18.8 pts | −8.9 pts |
| 1 year | −13.9% | +25.4% | −30.5 pts | +8.8 pts |
| 3 years | not published | +32.1% | not published | −46.3 pts |
| Since launch | +7.3% | +96.5% | −42.9 pts | −99.2 pts |
| BTRN Global X Bitcoin Trend Strategy ETF Managed futures fund: follows price trends in futures on stocks, bonds, currencies and commodities, and can bet on falls as well as rises | DBMF iMGP DBi Managed Futures Strategy ETF Managed futures fund: follows price trends in futures on stocks, bonds, currencies and commodities, and can bet on falls as well as rises | |
|---|---|---|
| Issuer | Global X | iMGP |
| Strategy | Managed futures | Managed futures |
| Correlation with the S&P 500 | +0.21 | +0.26 |
| Beta to the S&P 500 | +0.31 | +0.20 |
| Down-week capture | 51.2% | −16.8% |
| Average week when the S&P 500 fell | −0.64% | +0.21% |
| The S&P 500 in those weeks | −1.24% | −1.24% |
| Total return, same 52 weeks | −12.2% | +25.4% |
| Against T-bills, percentage points | −15.8 pts | +21.7 pts |
| Expense ratio | 0.95% | 0.85% |
| Listed | Mar 21, 2024 | May 8, 2019 |
| Net assets | $2m | $3.9bn |
BTRN in plain words
BTRN is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.21 with the S&P 500’s and a beta of +0.31, so for each 1% the index moved it moved about 0.31% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks BTRN fell 0.64% on average, a down-week capture of 51.2%. Over the same 52 weeks BTRN returned −12.2% and a Treasury bill fund +3.6%, so it finished 15.8 percentage points behind cash.
DBMF in plain words
DBMF is a managed futures fund. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.26 with the S&P 500’s and a beta of +0.20, so for each 1% the index moved it moved about 0.20% the same way. In the same weeks DBMF rose 0.21% on average, a down-week capture of −16.8%. Over the same 52 weeks DBMF returned +25.4% and a Treasury bill fund +3.6%, so it finished 21.7 percentage points ahead of cash.
Questions people ask
- Which moved less with the S&P 500, BTRN or DBMF?
- Over the 52 weeks to Sep 18, 2026, BTRN’s weekly returns had a correlation of +0.21 with the S&P 500 and DBMF’s +0.26, so BTRN moved less with the index.
- Which did better when the S&P 500 fell, BTRN or DBMF?
- In the 22 weeks the S&P 500 fell, by 1.24% a week on average, BTRN averaged −0.64% and DBMF +0.21%, so DBMF returned more in those weeks.
- Which earned more than cash, BTRN or DBMF?
- Over the same weeks, BTRN finished 15.8 percentage points behind cash and DBMF finished 21.7 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.
- Which is cheaper, BTRN or DBMF?
- BTRN charges 0.95% a year and DBMF charges 0.85%, so DBMF is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BTRN against DBMF, data as of Sep 18, 2026. https://etfiq.com/compare/alternatives/btrn-vs-dbmf Free to use with attribution; the underlying files are at Open data.