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iMGP DBi Managed Futures Strategy ETF(DBMF)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for DBMF
11/12/2026: DBMF (5-star) is currently NOT-A-BUY. Pass it for now.
DBMF provides retail investors with access to managed futures, a strategy historically reserved for institutional hedge funds, by tracking the performance of professional CTAs. Its primary strengths are its daily liquidity, relatively low fee structure for the strategy, and its ability to act as a diversifier that often performs well during traditional market stress. It is best suited for long-term investors looking to hedge against market volatility, though they must monitor macro trends and realize the strategy can underperform in flat or choppy markets. Key risks involve model tracking and the inherent volatility of futures contracts. It is an established, large-scale option for those seeking liquid alternative exposure.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While it can provide growth, its primary purpose is diversification rather than aggressive capital appreciation. |
| Momentum investor | Strong fit while signal remains positive | The fund is inherently built to exploit momentum signals across global asset classes. |
| Value investor | Weak fit | The strategy is trend-based and does not factor in fundamental valuations or intrinsic worth. |
| Dividend/Income investor | Weak fit | This fund is designed for capital returns through trend-following, not for yield generation. |
| Low-risk investor | Mixed fit | It serves as a low-correlation asset, but the underlying futures exposure can experience significant short-term volatility. |
Investor Profile
Ideal Investor Profile
Investors seeking to reduce portfolio volatility and add a non-correlated performance engine to a traditional portfolio.
Suitability
Best for long-term investors looking for diversification, rather than active traders timing the market.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The use of futures contracts and directional bets can lead to rapid price changes during market reversals. |
| Market risk | Medium | While designed to be uncorrelated, the fund remains exposed to broad market fluctuations affecting all asset classes. |
| Concentration | Low | The strategy is broadly diversified across multiple asset classes and hundreds of instruments. |
| Tracking/expense | Low | The fund is managed to replicate an index, meaning tracking error is a primary concern for performance. |
| Liquidity | Low | The ETF trades in highly liquid futures markets, ensuring efficient entry and exit for investors. |
| Business/sector quality | Low / none | This factor is less relevant as the fund does not hold individual equities or focus on specific sectors. |
Sector & Industry Intelligence
This fund is not assigned to one sector.
Risk Analysis
Volatility
The fund experiences volatility driven by its systemic futures positions, often showing non-linear returns compared to stocks.
Market Risk
Primary risks include systemic trend reversals and the potential for futures market liquidity crunches.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Long/Short Futures Contracts (Equities, Rates, Currencies, Commodities) | 90 | These futures positions provide the core tactical exposure designed to capture trends across global asset classes. |
| Fixed-income type | US Treasury Securities (Collateral) | 10 | High-quality collateral is held to support the fund's derivative positions and provide a baseline yield. |
Price Behavior
Steady Uptrend
The stock demonstrates consistent and steady upward price momentum.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 32.85% | Avg. Invested days 77 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/12/2026 |
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