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APCB vs. TOTL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

APCB vs. TOTL

Last updated Jun 5, 2026

APCB (ActivePassive Core Bond ETF) and TOTL (State Street DoubleLine Total Return Tactical ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 3 years, APCB returned 4.02%/yr vs 4.41%/yr for TOTL. Their correlation of 0.93 suggests significant overlap in exposure. APCB charges 0.36%/yr vs 0.55%/yr for TOTL.

Performance

APCB vs. TOTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive Core Bond ETF (APCB) and State Street DoubleLine Total Return Tactical ETF (TOTL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, APCB achieves a 0.38% return, which is significantly higher than TOTL's -0.26% return.

APCB

1D
0.09%
1M
0.25%
YTD
0.38%
6M
0.58%
1Y
4.43%
3Y*
4.02%
5Y*
—
10Y*
—

TOTL

1D
0.10%
1M
-0.02%
YTD
-0.26%
6M
-0.05%
1Y
4.31%
3Y*
4.41%
5Y*
0.64%
10Y*
1.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

APCB vs. TOTL - Yearly Performance Comparison

2026 (YTD)202520242023
APCB
ActivePassive Core Bond ETF		0.38%6.87%1.45%1.57%
TOTL
State Street DoubleLine Total Return Tactical ETF		-0.26%7.68%3.15%1.18%

Correlation

The correlation between APCB and TOTL is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (All Time)
Calculated using the full available price history since May 4, 2023

0.93

The correlation between APCB and TOTL has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

APCB vs. TOTL - Sectors Allocation Comparison

Sectors
APCB
TOTL

Technology

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

100.0%

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Technology

APCB
100.0%
TOTL

-

Basic Materials

APCB

-

TOTL

-

Communication Services

APCB

-

TOTL

-

Consumer Cyclical

APCB

-

TOTL

-

Consumer Defensive

APCB

-

TOTL

-

Energy

APCB

-

TOTL
100.0%

Financial Services

APCB

-

TOTL

-

Healthcare

APCB

-

TOTL

-

Industrials

APCB

-

TOTL

-

Real Estate

APCB

-

TOTL

-

Utilities

APCB

-

TOTL

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ActivePassive Core Bond ETF

State Street DoubleLine Total Return Tactical ETF

Often compared with APCB:
APCB vs. SWAGXAPCB vs. SCHGAPCB vs. JHCPAPCB vs. ESGBAPCB vs. OACPAPCB vs. ZHOGAPCB vs. SYSB
Often compared with TOTL:
TOTL vs. DBLTXTOTL vs. TOTRTOTL vs. AGGTOTL vs. BYLDTOTL vs. TLTTOTL vs. FBNDTOTL vs. BSCQ

Return for Risk

APCB vs. TOTL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
APCB
APCB Risk / Return Rank: 3636
Overall Rank
APCB Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
APCB Sortino Ratio Rank: 3838
Sortino Ratio Rank
APCB Omega Ratio Rank: 3636
Omega Ratio Rank
APCB Calmar Ratio Rank: 3535
Calmar Ratio Rank
APCB Martin Ratio Rank: 3535
Martin Ratio Rank
TOTL
TOTL Risk / Return Rank: 3333
Overall Rank
TOTL Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
TOTL Sortino Ratio Rank: 3636
Sortino Ratio Rank
TOTL Omega Ratio Rank: 3535
Omega Ratio Rank
TOTL Calmar Ratio Rank: 3030
Calmar Ratio Rank
TOTL Martin Ratio Rank: 3030
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APCB vs. TOTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive Core Bond ETF (APCB) and State Street DoubleLine Total Return Tactical ETF (TOTL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

APCBTOTLDifference
Sharpe ratioReturn per unit of total volatility
1.31
1.27

+0.04

Sortino ratioReturn per unit of downside risk
1.91
1.87

+0.04

Omega ratioGain probability vs. loss probability

1.23

1.23

+0.01

Calmar ratioReturn relative to maximum drawdown

1.72

1.42

+0.30

Martin ratioReturn relative to average drawdown

5.16

4.37

+0.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APCB vs. TOTL - Sharpe Ratio Comparison

The current APCB Sharpe Ratio is 1.31, which is comparable to the TOTL Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of APCB and TOTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

APCBTOTLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.31

1.27

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.11

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.35

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.38

+0.31

Drawdowns

APCB vs. TOTL - Drawdown Comparison

The maximum APCB drawdown since its inception was -6.42%, smaller than the maximum TOTL drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for APCB and TOTL.

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Drawdown Indicators

APCBTOTLDifference

Max Drawdown

Largest peak-to-trough decline

-6.42%

-16.48%

+10.06%

Max Drawdown (1Y)

Largest decline over 1 year

-2.58%

-3.04%

+0.46%

Max Drawdown (3Y)

Largest decline over 3 years

-5.32%

-6.60%

+1.28%

Max Drawdown (5Y)

Largest decline over 5 years

—

-16.48%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-16.48%

—

Current Drawdown

Current decline from peak

-1.33%

-1.89%

+0.56%

Average Drawdown

Average peak-to-trough decline

-1.51%

-3.13%

+1.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

0.99%

-0.13%

Volatility

APCB vs. TOTL - Volatility Comparison

ActivePassive Core Bond ETF (APCB) and State Street DoubleLine Total Return Tactical ETF (TOTL) have volatilities of 1.22% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

APCBTOTLDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.22%

1.17%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

2.42%

2.45%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

3.43%

3.44%

-0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.84%

5.59%

-0.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.84%

4.78%

+0.06%

APCB vs. TOTL - Expense Ratio Comparison

APCB has a 0.36% expense ratio, which is lower than TOTL's 0.55% expense ratio.

Dividends

APCB vs. TOTL - Dividend Comparison

APCB's dividend yield for the trailing twelve months is around 4.35%, less than TOTL's 5.29% yield.

PositionTTM20252024202320222021202020192018201720162015
APCB
ActivePassive Core Bond ETF		4.35%4.35%4.74%2.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TOTL
State Street DoubleLine Total Return Tactical ETF		5.29%5.23%5.35%4.85%4.68%3.07%2.91%3.31%3.41%3.00%3.25%2.67%

Frequently Asked Questions

With a correlation of 0.91, APCB and TOTL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

APCB has higher volatility (1.22%) compared to TOTL (1.17%). In terms of maximum drawdown, APCB dropped -6.42% vs TOTL's -16.48%.

On 3-year performance, TOTL leads with 4.41% vs 4.02% for APCB. On fees, APCB is cheaper at 0.36% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, TOTL has performed better with a 4.41% return vs 4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

APCB is cheaper with a 0.36% expense ratio, compared with 0.55% for TOTL.

TOTL has the higher dividend yield at 5.29%, compared with 4.35% for APCB.

They also come from different issuers: ActivePassive and State Street. Their fees differ too: 0.36% for APCB and 0.55% for TOTL.

APCB currently has the higher Sharpe Ratio (1.31 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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