DBND vs. BNDP

Last updated Jun 4, 2026

DBND (DoubleLine Opportunistic Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds - DBND tracks the Bloomberg US Aggregate Bond Index while BNDP tracks the Bloomberg U.S. Universal Float Adjusted Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. DBND charges 0.50%/yr vs 0.05%/yr for BNDP.

Performance

DBND vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Opportunistic Bond ETF (DBND) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBND achieves a -0.21% return, which is significantly lower than BNDP's 0.34% return.

DBND

• 1D: -0.11%
• 1M: 0.03%
• YTD: -0.21%
• 6M: -0.07%
• 1Y: 4.85%
• 3Y*: 4.50%
• 5Y*: —
• 10Y*: —

BNDP

• 1D: -0.08%
• 1M: 0.41%
• YTD: 0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBND vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
DBND DoubleLine Opportunistic Bond ETF	-0.21%	0.26%
BNDP Vanguard Core-Plus Bond Index ETF	0.34%	0.10%

Correlation

The correlation between DBND and BNDP is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.94

Return for Risk

DBND vs. BNDP — Risk / Return Rank

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

DBND

DBND Risk / Return Rank: 39
DBND Sharpe Ratio Rank: 42
DBND Sortino Ratio Rank: 45
DBND Omega Ratio Rank: 41
DBND Calmar Ratio Rank: 35
DBND Martin Ratio Rank: 34

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.

DBND vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and Vanguard Core-Plus Bond Index ETF (BNDP). 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	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	1.48	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.72	—	—
Martin ratio: Return relative to average drawdown	5.10	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DBND	BNDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.25	+0.23

Drawdowns

DBND vs. BNDP - Drawdown Comparison

The maximum DBND drawdown since its inception was -9.39%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for DBND and BNDP.

Drawdown Indicators

	DBND	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-9.39%	-2.60%	-6.79%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.25%	—	—
Current Drawdown Current decline from peak	-1.80%	-1.31%	-0.49%
Average Drawdown Average peak-to-trough decline	-2.27%	-0.86%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	DBND	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.30%	3.63%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	3.63%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	3.63%	+1.46%

DBND vs. BNDP - Expense Ratio Comparison

DBND has a 0.50% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

DBND vs. BNDP - Dividend Comparison

DBND's dividend yield for the trailing twelve months is around 4.79%, more than BNDP's 2.08% yield.

Position	TTM	2025	2024	2023	2022
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%	0.00%	0.00%	0.00%
DBND DoubleLine Opportunistic Bond ETF	4.79%	4.78%	5.19%	4.39%	2.74%

Frequently Asked Questions

Can I hold both DBND and BNDP in my portfolio?

With a correlation of 0.94, DBND and BNDP 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.

Which ETF is better, DBND or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DBND or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.50% for DBND.

Which ETF pays a higher dividend yield, DBND or BNDP?

DBND has the higher dividend yield at 4.79%, compared with 2.08% for BNDP.

What is the main difference between DBND and BNDP?

DBND tracks Bloomberg US Aggregate Bond Index, while BNDP tracks Bloomberg U.S. Universal Float Adjusted Index. They also come from different issuers: DoubleLine and Vanguard. Their fees differ too: 0.50% for DBND and 0.05% for BNDP.