DBND vs. AOA
Compare and contrast key facts about DoubleLine Opportunistic Bond ETF (DBND) and iShares Core Aggressive Allocation ETF (AOA).
DBND and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBND is a passively managed fund by DoubleLine that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Mar 31, 2022. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008. Both DBND and AOA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DBND vs. AOA - Performance Comparison
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DBND vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | -0.46% | 7.41% | 3.06% | 6.33% | -5.93% |
AOA iShares Core Aggressive Allocation ETF | -0.59% | 19.59% | 13.55% | 18.27% | -11.35% |
Returns By Period
In the year-to-date period, DBND achieves a -0.46% return, which is significantly higher than AOA's -0.59% return.
DBND
- 1D
- 0.03%
- 1M
- -1.75%
- YTD
- -0.46%
- 6M
- 0.50%
- 1Y
- 3.85%
- 3Y*
- 4.31%
- 5Y*
- —
- 10Y*
- —
AOA
- 1D
- 0.61%
- 1M
- -4.11%
- YTD
- -0.59%
- 6M
- 1.92%
- 1Y
- 18.69%
- 3Y*
- 14.47%
- 5Y*
- 7.97%
- 10Y*
- 9.69%
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DBND vs. AOA - Expense Ratio Comparison
DBND has a 0.50% expense ratio, which is higher than AOA's 0.25% expense ratio.
Return for Risk
DBND vs. AOA — Risk / Return Rank
DBND
AOA
DBND vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and iShares Core Aggressive Allocation ETF (AOA). 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.
| DBND | AOA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.35 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.97 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.98 | -0.52 |
Martin ratioReturn relative to average drawdown | 4.57 | 8.82 | -4.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBND | AOA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.35 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.65 | -0.17 |
Correlation
The correlation between DBND and AOA is 0.29, 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.
Dividends
DBND vs. AOA - Dividend Comparison
DBND's dividend yield for the trailing twelve months is around 4.80%, more than AOA's 2.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | 4.80% | 4.78% | 5.19% | 4.39% | 2.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.19% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
Drawdowns
DBND vs. AOA - Drawdown Comparison
The maximum DBND drawdown since its inception was -9.39%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for DBND and AOA.
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Drawdown Indicators
| DBND | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.39% | -28.38% | +18.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -9.62% | +6.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.38% | — |
Current DrawdownCurrent decline from peak | -2.04% | -5.18% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -4.08% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.16% | -1.27% |
Volatility
DBND vs. AOA - Volatility Comparison
The current volatility for DoubleLine Opportunistic Bond ETF (DBND) is 1.46%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 5.28%. This indicates that DBND experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBND | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 5.28% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 8.34% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 13.87% | -10.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 12.92% | -7.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 13.51% | -8.36% |