Data as of Oct 28, 2026.
BND vs DBMF: Differences, Returns & Fees
Over the year to Oct 28, 2026, BND returned −1.3% to DBMF's +22.1%, and BND charges 0.03% to DBMF's 0.85%.
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Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $5.2bn on Oct 27, 2026 for iMGP DBi Managed Futures Strategy ETF.
Pair scorecard
BND costs 0.82 points a year less; their one-year returns differ by 23.4 points.
| Measure | BND | DBMF |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.3% | +22.1% |
| Total return, 52 weeks | +22.5% | |
| Drawdown | ||
| Below its high | 3.5%, high on Aug 6, 2020 | |
| Against its benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | not published |
| Treasury bills, 52 weeks | +3.6% | |
| Against cash | 18.8 points ahead | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.85% |
| Net assets, BND as of Sep 30, 2026 and DBMF as of Oct 27, 2026 | $161.4bn | $5.2bn |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.26 | |
| Beta to the S&P 500 | +0.21: about 0.21% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.21% | |
| Down-week capture | 19.1% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.10% on average | |
Risk and return
May 17, 2019 to Oct 23, 2026 · 388 weekly returnsDBMF returned more: +95.4% to +9.7%. BND swung less: 5.8% to 11.4%. BND fell slightly less at its worst: −18.4% to −19.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BND | DBMF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.7% | +95.4% | DBMF | Price change plus distributions, reinvested. |
| Annualized | +1.3% | +9.4% | DBMF | Total return as a yearly rate. |
| Price return | −12.3% | +27.6% | DBMF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.8% | 11.4% | BND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.2% | 8.1% | BND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.4% | −19.9% | BND (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.25 | 0.60 | DBMF | Return above Treasury bills per unit of volatility. |
| Sortino | −0.34 | 0.84 | DBMF | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.07 | 0.47 | DBMF | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 388 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
BND and DBMF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BND and DBMF do different jobs. What does each one do in a portfolio?
- One-year total return. Over 1 year to Oct 28, 2026 BND returned −1.3% and DBMF +22.1% with distributions reinvested, a gap of 23.4 points.
- Cost. BND charges 0.03% of assets a year and DBMF 0.85%, a gap of 0.82 points.
Data as of Oct 28, 2026.
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BND
BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 on Oct 28, 2026.
DBMF
DBMF 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 Oct 28, 2026, its weekly returns had a correlation of +0.26 with the S&P 500’s and a beta of +0.21, so for each 1% the index moved it moved about 0.21% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.10% on average. In the same weeks DBMF fell 0.21% on average, a down-week capture of 19.1%. Over the same 52 weeks DBMF returned +22.5% and a Treasury bill fund +3.6%, so it finished 18.8 percentage points ahead of cash.
Questions people ask
- Are BND and DBMF in the same category?
- BND is a bond ETF and DBMF is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, BND or DBMF?
- In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and DBMF +22.1%.
- Which is cheaper, BND or DBMF?
- BND is cheaper, by 0.82 percentage points a year. That is about $82 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BND against DBMF, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-dbmf
ETFIQ. (Oct 28, 2026). BND against DBMF. Retrieved from https://etfiq.com/compare/any/bnd-vs-dbmf
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