{"url":"https://etfiq.com/compare/alternatives/dbmf-vs-kmlm","section":"compare","title":"DBMF vs KMLM: Correlation to the S&P 500 | ETFIQ","description":"DBMF and KMLM both run managed futures strategies. Over the year to Nov 5, 2026, DBMF had a correlation of +0.47 with the S&P 500 and KMLM +0.14.","as_of":"Nov 5, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, DBMF or KMLM?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 5, 2026, DBMF\u2019s weekly returns had a correlation of +0.47 with the S&P 500 and KMLM\u2019s +0.14, so KMLM moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, DBMF or KMLM?","acceptedAnswer":{"@type":"Answer","text":"In the 20 weeks the S&P 500 fell, by 1.61% a week on average, DBMF averaged \u22120.62% and KMLM +0.05%, so KMLM returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, DBMF or KMLM?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, DBMF finished 13.2 percentage points ahead of cash and KMLM finished 11.6 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, DBMF or KMLM?","acceptedAnswer":{"@type":"Answer","text":"DBMF charges 0.85% a year and KMLM charges 0.90%, so DBMF is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"DBMF vs KMLM","item":"https://etfiq.com/compare/alternatives/dbmf-vs-kmlm"}]},{"@type":"WebPage","name":"DBMF vs KMLM: Correlation to the S&P 500","description":"DBMF and KMLM both run managed futures strategies. Over the year to Nov 5, 2026, DBMF had a correlation of +0.47 with the S&P 500 and KMLM +0.14.","url":"https://etfiq.com/compare/alternatives/dbmf-vs-kmlm","dateModified":"2026-11-05","abstract":"Over the year to Nov 5, 2026, KMLM moved less with the S&P 500 than DBMF: correlation +0.14 against +0.47.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DBMF and KMLM","description":"DBMF and KMLM both run managed futures strategies. Over the year to Nov 5, 2026, DBMF had a correlation of +0.47 with the S&P 500 and KMLM +0.14.","dateModified":"2026-11-05","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/dbmf-vs-kmlm","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6865,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / DBMF vs KMLM \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 5, 2026 .\n\n DBMF vs KMLM: Correlation to the S&P 500\n\n Over the year to Nov 5, 2026, KMLM moved less with the S&P 500 than DBMF: correlation +0.14 against +0.47.\n Copy this for sharing \n \n DBMF costs 0.05 points a year less; their one-year returns differ by 0.4 points; DBMF is 8.5 times larger.\n DBMF and KMLM at a glance. As of Nov 5, 2026. Source: ETFIQ. DBMF KMLM \n Expense ratio 0.85% 0.90% \n Net assets, as of Nov 4, 2026 $5.0bn $586m \n Total return, 1 year +16.4% +16.0% \n Holdi","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, DBMF against KMLM, data as of Nov 5, 2026. https://etfiq.com/compare/alternatives/dbmf-vs-kmlm","a":{"ticker":"DBMF","name":"iMGP DBi Managed Futures Strategy ETF","issuer":"iMGP","desk":"alternatives","as_of":"2026-11-05","verdict":"Over the year to Nov 5, 2026, DBMF returned 16.4%. When the S&P 500 fell, it fell 39% as much.","url":"https://etfiq.com/funds/dbmf","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.47","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.43","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"38.7%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+13.2 pts","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, special payments left out, on its starting price","value":"1.5%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"12-month cash paid, including specials, on its starting price","value":"5.6%","as_of":"2026-11-05","source":null},{"label":"Last payment (paid quarterly), ex-date Sep 29, 2026","value":"$0.1456","as_of":"2026-09-29","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$5.0bn","as_of":"2026-11-04","source":"issuer page, as of Nov 4, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-04-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"b":{"ticker":"KMLM","name":"KraneShares Mount Lucas Managed Futures Index Strategy ETF","issuer":"KraneShares","desk":"alternatives","as_of":"2026-11-05","verdict":"Over the year to Nov 5, 2026, KMLM returned 16.0%. When the S&P 500 fell, it rose 0.05% a week.","url":"https://etfiq.com/funds/kmlm","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.14","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.13","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"\u22123.2%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+11.6 pts","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"5.0%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Dec 22, 2025","value":"$1.3035","as_of":"2025-12-22","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$586m","as_of":"2026-11-04","source":"issuer page, as of Nov 4, 2026"},{"label":"Expense ratio","value":"0.90%","as_of":"2026-07-31","source":"497 XBRL, Jul 31, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/dbmf-vs-kmlm"}