$50,000 became about $178,900
Run through 2020-2025, versus about $115,400 for the S&P 500 — roughly 24% a year.
Hypothetical, backtested results (2020–2025), using the fund's real, live data throughout (the underlying managed-futures ETF, DBMF, launched in May 2019, just before this window starts). Not a promise of future returns; investing carries risk of loss.
+54%
Best year · 2020
5 of 6
Positive years
-8%
Worst year · 2022
The headline 24% a year is the compounded rate across all six years, the strong ones and the −8% in 2022. It is lower than the best years, because that is the return an investor actually kept.
Year by year
$
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return | +54% | +21% | -8% | +34% | +25% | +23% |
| Profit on $50,000 | +$26,800 | +$10,400 | -$3,800 | +$16,800 | +$12,500 | +$11,600 |
| Worst drop | 15% | 7% | 13% | 8% | 10% | 18% |
| Sharpe | 1.89 | 1.37 | -0.60 | 1.88 | 1.08 | 0.74 |
Only one down year in six (2022, about −8%).