Correlation
The correlation between DBLSX and SPSB is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
DBLSX vs. SPSB
Compare and contrast key facts about DoubleLine Low Duration Bond Fund (DBLSX) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
DBLSX is managed by DoubleLine. It was launched on Sep 30, 2011. SPSB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. It was launched on Dec 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBLSX or SPSB.
Performance
DBLSX vs. SPSB - Performance Comparison
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Key characteristics
DBLSX:
3.95
SPSB:
3.85
DBLSX:
6.46
SPSB:
6.34
DBLSX:
2.16
SPSB:
1.90
DBLSX:
8.42
SPSB:
8.55
DBLSX:
32.51
SPSB:
27.75
DBLSX:
0.16%
SPSB:
0.24%
DBLSX:
1.30%
SPSB:
1.65%
DBLSX:
-7.45%
SPSB:
-11.75%
DBLSX:
-0.31%
SPSB:
-0.02%
Returns By Period
In the year-to-date period, DBLSX achieves a 1.85% return, which is significantly lower than SPSB's 2.29% return. Over the past 10 years, DBLSX has outperformed SPSB with an annualized return of 2.52%, while SPSB has yielded a comparatively lower 2.37% annualized return.
DBLSX
1.85%
-0.00%
1.97%
5.11%
4.55%
3.03%
2.52%
SPSB
2.29%
0.41%
2.49%
6.29%
4.19%
2.20%
2.37%
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DBLSX vs. SPSB - Expense Ratio Comparison
DBLSX has a 0.41% expense ratio, which is higher than SPSB's 0.07% expense ratio.
Risk-Adjusted Performance
DBLSX vs. SPSB — Risk-Adjusted Performance Rank
DBLSX
SPSB
DBLSX vs. SPSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Low Duration Bond Fund (DBLSX) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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.
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Dividends
DBLSX vs. SPSB - Dividend Comparison
DBLSX's dividend yield for the trailing twelve months is around 4.58%, less than SPSB's 5.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLSX DoubleLine Low Duration Bond Fund | 4.58% | 5.10% | 4.48% | 2.49% | 1.74% | 2.39% | 3.19% | 2.91% | 2.43% | 2.54% | 2.47% | 2.09% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.82% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% | 1.26% |
Drawdowns
DBLSX vs. SPSB - Drawdown Comparison
The maximum DBLSX drawdown since its inception was -7.45%, smaller than the maximum SPSB drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for DBLSX and SPSB.
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Volatility
DBLSX vs. SPSB - Volatility Comparison
DoubleLine Low Duration Bond Fund (DBLSX) has a higher volatility of 0.46% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.43%. This indicates that DBLSX's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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