Which stocks are most correlated with DBMF?

Based on one year of daily returns, the stocks most correlated with iMGP DBi Managed Futures Strategy ETF (DBMF) are FARX (0.82), ASMF (0.81) and AHLT (0.77). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with DBMF?

Over the past year, the stocks most inversely correlated with iMGP DBi Managed Futures Strategy ETF (DBMF) are GLL (-0.45), DULL (-0.44) and ZSL (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

iMGP DBi Managed Futures Strategy ETF (DBMF) — Stock Correlations & Overview

Over the past year, DBMF has moved most closely with FARX, ASMF, AHLT. Explore the stocks most correlated and inversely correlated with DBMF below, along with its price, financials, and company profile.

Stocks correlated with DBMF

Correlation of daily returns. Higher positive values move with DBMF; negative values move opposite it. Informational only, not investment advice.

Most correlated with DBMF

Symbol	Company	Correlation
FARX	Frontier Asset Absolute Return ETF	0.82
ASMF	Virtus AlphaSimplex Managed Futures ETF	0.81
AHLT	American Beacon AHL Trend ETF	0.77
HFMF	Unlimited HFMF Managed Futures ETF	0.75
ARP	PMV Adaptive Risk Parity ETF	0.71

Most inversely correlated with DBMF

Symbol	Company	Correlation
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.45
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.44
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.44
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.38
EUM	ProShares Trust Short MSCI Emerging Markets	-0.37

Frequently asked questions about DBMF correlations

Which stocks are most correlated with DBMF?: Based on one year of daily returns, the stocks most correlated with iMGP DBi Managed Futures Strategy ETF (DBMF) are FARX (0.82), ASMF (0.81) and AHLT (0.77). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with DBMF?: Over the past year, the stocks most inversely correlated with iMGP DBi Managed Futures Strategy ETF (DBMF) are GLL (-0.45), DULL (-0.44) and ZSL (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these DBMF correlations calculated?: We compute the correlation of daily returns between DBMF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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