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.
Correlation
The correlation between DBLSX and SPSB is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DBLSX vs. SPSB - Performance Comparison
Key characteristics
DBLSX:
4.34
SPSB:
3.84
DBLSX:
7.40
SPSB:
6.20
DBLSX:
2.32
SPSB:
1.86
DBLSX:
8.80
SPSB:
8.10
DBLSX:
36.50
SPSB:
27.13
DBLSX:
0.15%
SPSB:
0.23%
DBLSX:
1.26%
SPSB:
1.62%
DBLSX:
-7.45%
SPSB:
-11.75%
DBLSX:
-0.41%
SPSB:
-0.47%
Returns By Period
The year-to-date returns for both investments are quite close, with DBLSX having a 1.36% return and SPSB slightly higher at 1.37%. Over the past 10 years, DBLSX has outperformed SPSB with an annualized return of 2.49%, while SPSB has yielded a comparatively lower 2.26% annualized return.
DBLSX
1.36%
0.18%
1.91%
5.59%
3.48%
2.49%
SPSB
1.37%
0.24%
1.80%
6.31%
2.31%
2.26%
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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.
Dividends
DBLSX vs. SPSB - Dividend Comparison
DBLSX's dividend yield for the trailing twelve months is around 5.03%, more than SPSB's 4.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLSX DoubleLine Low Duration Bond Fund | 5.03% | 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 | 4.87% | 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. For additional features, visit the drawdowns tool.
Volatility
DBLSX vs. SPSB - Volatility Comparison
The current volatility for DoubleLine Low Duration Bond Fund (DBLSX) is 0.55%, while SPDR Portfolio Short Term Corporate Bond ETF (SPSB) has a volatility of 0.74%. This indicates that DBLSX experiences smaller price fluctuations and is considered to be less risky than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.