The iMGP DBi Managed Futures Strategy ETF, traded as DBMF, has outperformed traditional 60/40 stock-bond portfolios so far in 2026.

This shift in performance highlights a growing interest in managed futures as a diversification tool when standard equity and bond mixes underperform. The trend suggests investors may be seeking alternatives to traditional asset allocation to hedge against market volatility.

As of this month, the ETF has recorded a year-to-date return of roughly 11% [2]. In comparison, a traditional portfolio consisting of 60% stocks and 40% bonds has seen a return of approximately five% [2]. The fund currently manages about $3 billion in assets [2].

The ETF achieves these results through a specific investment approach. It employs a trend-following strategy that focuses on 10 to 15 highly liquid commodity futures contracts [1]. By identifying and riding trends in these global markets, the fund aims to generate returns that do not correlate directly with the stock or bond markets.

Managed futures strategies typically seek to capitalize on momentum. When a commodity's price shows a consistent upward or downward trajectory, the fund positions itself to profit from that movement. This mechanism allows the ETF to potentially gain value even during periods when traditional portfolios struggle due to simultaneous declines in both stocks and bonds.

The DBMF fund is listed in the U.S. and focuses its activity on global commodity futures contracts [1]. Its ability to outperform the 60/40 benchmark this year underscores the role of trend-following strategies in a diversified investment portfolio.

“The ETF has recorded a year-to-date return of roughly 11%”

The outperformance of DBMF relative to the 60/40 portfolio indicates that trend-following strategies are currently providing a more effective hedge and growth engine than the traditional balanced approach. This may lead to an increase in institutional and retail capital flowing into managed futures ETFs as investors prioritize non-correlated assets to protect against systemic market downturns.