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Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

DBMF vs EWZ: how they differ

DBMF and EWZ are both equity index funds, and over the year EWZ returned more, +32.9% against +25.4%.

iMGP DBi Managed Futures Strategy ETF and iShares MSCI Brazil ETF.

DBMF and EWZ on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
DBMF
iMGP DBi Managed Futures Strategy ETF
EWZ
iShares MSCI Brazil ETF
Where it sitsCore index fundCore index fund
IssueriMGPiShares
What it isiMGP DBi Managed Futures StrategyMSCI Brazil
Total return, 1 year+25.4%+32.9%
S&P 500 over the same days+17.5%+17.5%
Gap to the S&P 500+7.9 pts+15.4 pts
Expense ratio0.85%0.59%
Holdingsnot filed47

DBMF in plain words

DBMF is an index equity fund tracking the iMGP DBi Managed Futures Strategy. Over the year to Sep 11, 2026 it returned +25.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.85% a year.

EWZ in plain words

EWZ is an index equity fund tracking the MSCI Brazil. Over the year to Sep 11, 2026 it returned +32.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.59% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 47 positions, with the top ten at 59.3%. It sat 7.6% below its high of Apr 14, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, DBMF or EWZ?
In the year to Sep 12, 2026, with distributions reinvested, DBMF returned +25.4% and EWZ returned +32.9%, so EWZ returned more. One year is one year; the longer windows are in the table.
Which is cheaper, DBMF or EWZ?
DBMF charges 0.85% a year and EWZ charges 0.59%, so EWZ is cheaper. Fees come from each fund's prospectus.

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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.

DBMF against EWZ, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, DBMF against EWZ, data as of Sep 12, 2026. https://etfiq.com/compare/any/DBMF-EWZ Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources