CGSD vs. DCRE

Last updated Jun 4, 2026

CGSD (Capital Group Short Duration Income ETF) and DCRE (DoubleLine Commercial Real Estate ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 3 years, CGSD returned 5.21%/yr vs 6.20%/yr for DCRE. A 0.55 correlation means they provide meaningful diversification when combined. CGSD charges 0.25%/yr vs 0.40%/yr for DCRE.

Performance

CGSD vs. DCRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Short Duration Income ETF (CGSD) and DoubleLine Commercial Real Estate ETF (DCRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGSD achieves a 0.70% return, which is significantly lower than DCRE's 1.39% return.

CGSD

• 1D: -0.10%
• 1M: 0.14%
• YTD: 0.70%
• 6M: 1.09%
• 1Y: 4.30%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

DCRE

• 1D: -0.02%
• 1M: 0.11%
• YTD: 1.39%
• 6M: 1.51%
• 1Y: 4.74%
• 3Y*: 6.20%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGSD vs. DCRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CGSD Capital Group Short Duration Income ETF	0.70%	6.11%	5.46%	2.73%
DCRE DoubleLine Commercial Real Estate ETF	1.39%	5.86%	6.86%	5.27%

Correlation

The correlation between CGSD and DCRE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023	0.55

The correlation between CGSD and DCRE has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

Return for Risk

CGSD vs. DCRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGSD

CGSD Risk / Return Rank: 87
CGSD Sharpe Ratio Rank: 87
CGSD Sortino Ratio Rank: 93
CGSD Omega Ratio Rank: 91
CGSD Calmar Ratio Rank: 77
CGSD Martin Ratio Rank: 86

DCRE

DCRE Risk / Return Rank: 96
DCRE Sharpe Ratio Rank: 96
DCRE Sortino Ratio Rank: 98
DCRE Omega Ratio Rank: 97
DCRE Calmar Ratio Rank: 93
DCRE Martin Ratio Rank: 94

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.

CGSD vs. DCRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) and DoubleLine Commercial Real Estate ETF (DCRE). 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.

	CGSD	DCRE	Difference
Sharpe ratio Return per unit of total volatility	2.94	4.16	-1.22
Sortino ratio Return per unit of downside risk	4.65	7.17	-2.51
Omega ratio Gain probability vs. loss probability	1.61	1.96	-0.35
Calmar ratio Return relative to maximum drawdown	3.88	6.98	-3.10
Martin ratio Return relative to average drawdown	18.36	25.78	-7.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGSD vs. DCRE - Sharpe Ratio Comparison

The current CGSD Sharpe Ratio is 2.94, which is comparable to the DCRE Sharpe Ratio of 4.16. The chart below compares the historical Sharpe Ratios of CGSD and DCRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGSD	DCRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	4.16	-1.22
Sharpe Ratio (All Time) Calculated using the full available price history	2.41	3.90	-1.49

Drawdowns

CGSD vs. DCRE - Drawdown Comparison

The maximum CGSD drawdown since its inception was -1.75%, which is greater than DCRE's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for CGSD and DCRE.

Drawdown Indicators

	CGSD	DCRE	Difference
Max Drawdown Largest peak-to-trough decline	-1.75%	-0.84%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-1.11%	-0.68%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-1.11%	-0.84%	-0.27%
Current Drawdown Current decline from peak	-0.14%	-0.20%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.28%	-0.11%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	0.18%	+0.05%

Volatility

CGSD vs. DCRE - Volatility Comparison

The current volatility for Capital Group Short Duration Income ETF (CGSD) is 0.39%, while DoubleLine Commercial Real Estate ETF (DCRE) has a volatility of 0.47%. This indicates that CGSD experiences smaller price fluctuations and is considered to be less risky than DCRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGSD	DCRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	0.47%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	1.01%	0.88%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	1.14%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.16%	1.58%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.16%	1.58%	+0.58%

CGSD vs. DCRE - Expense Ratio Comparison

CGSD has a 0.25% expense ratio, which is lower than DCRE's 0.40% expense ratio.

Dividends

CGSD vs. DCRE - Dividend Comparison

CGSD's dividend yield for the trailing twelve months is around 4.46%, less than DCRE's 4.75% yield.

Position	TTM	2025	2024	2023	2022
CGSD Capital Group Short Duration Income ETF	4.46%	4.48%	4.57%	4.43%	0.64%
DCRE DoubleLine Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%	0.00%

Frequently Asked Questions

Can I hold both CGSD and DCRE in my portfolio?

CGSD and DCRE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGSD or DCRE?

DCRE has higher volatility (0.47%) compared to CGSD (0.39%). In terms of maximum drawdown, CGSD dropped -1.75% vs DCRE's -0.84%.

Which ETF is better, CGSD or DCRE?

On 3-year performance, DCRE leads with 6.20% vs 5.21% for CGSD. On fees, CGSD is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGSD or DCRE?

Over the 3-year period, DCRE has performed better with a 6.20% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGSD or DCRE?

CGSD is cheaper with a 0.25% expense ratio, compared with 0.40% for DCRE.

Which ETF pays a higher dividend yield, CGSD or DCRE?

DCRE has the higher dividend yield at 4.75%, compared with 4.46% for CGSD.

What is the main difference between CGSD and DCRE?

They also come from different issuers: Capital Group and DoubleLine. Their fees differ too: 0.25% for CGSD and 0.40% for DCRE.

Which has better risk-adjusted returns?

DCRE currently has the higher Sharpe Ratio (4.16 vs 2.94), 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.