DBND vs. BRTR

Last updated Jun 5, 2026

DBND (DoubleLine Opportunistic Bond ETF) and BRTR (Blackrock Total Return ETF) are both Intermediate Core-Plus Bond funds. DBND is passively managed, while BRTR is actively managed. Over the past year, DBND returned 4.38% vs 5.46% for BRTR. Their correlation of 0.93 suggests significant overlap in exposure. DBND charges 0.50%/yr vs 0.38%/yr for BRTR.

Performance

DBND vs. BRTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Opportunistic Bond ETF (DBND) and Blackrock Total Return ETF (BRTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBND achieves a -0.12% return, which is significantly lower than BRTR's 0.51% return.

DBND

• 1D: 0.09%
• 1M: 0.07%
• YTD: -0.12%
• 6M: 0.14%
• 1Y: 4.38%
• 3Y*: 4.54%
• 5Y*: —
• 10Y*: —

BRTR

• 1D: 0.11%
• 1M: 0.39%
• YTD: 0.51%
• 6M: 0.61%
• 1Y: 5.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBND vs. BRTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DBND DoubleLine Opportunistic Bond ETF	-0.12%	7.41%	3.06%	0.49%
BRTR Blackrock Total Return ETF	0.51%	8.11%	1.29%	0.43%

Correlation

The correlation between DBND and BRTR 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 (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023	0.93

The correlation between DBND and BRTR has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

DBND vs. BRTR — Risk / Return Rank

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

DBND

DBND Risk / Return Rank: 36
DBND Sharpe Ratio Rank: 39
DBND Sortino Ratio Rank: 41
DBND Omega Ratio Rank: 37
DBND Calmar Ratio Rank: 32
DBND Martin Ratio Rank: 31

BRTR

BRTR Risk / Return Rank: 40
BRTR Sharpe Ratio Rank: 43
BRTR Sortino Ratio Rank: 44
BRTR Omega Ratio Rank: 42
BRTR Calmar Ratio Rank: 35
BRTR 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. BRTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and Blackrock Total Return ETF (BRTR). 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	BRTR	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.51	-0.16
Sortino ratio: Return per unit of downside risk	2.02	2.19	-0.16
Omega ratio: Gain probability vs. loss probability	1.24	1.27	-0.03
Calmar ratio: Return relative to maximum drawdown	1.55	1.68	-0.13
Martin ratio: Return relative to average drawdown	4.58	5.07	-0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBND vs. BRTR - Sharpe Ratio Comparison

The current DBND Sharpe Ratio is 1.35, which is comparable to the BRTR Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of DBND and BRTR, 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

	DBND	BRTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.51	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.89	-0.41

Drawdowns

DBND vs. BRTR - Drawdown Comparison

The maximum DBND drawdown since its inception was -9.39%, which is greater than BRTR's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for DBND and BRTR.

Drawdown Indicators

	DBND	BRTR	Difference
Max Drawdown Largest peak-to-trough decline	-9.39%	-5.07%	-4.32%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	-3.26%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-6.25%	—	—
Current Drawdown Current decline from peak	-1.71%	-1.58%	-0.13%
Average Drawdown Average peak-to-trough decline	-2.27%	-1.35%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.08%	-0.12%

Volatility

DBND vs. BRTR - Volatility Comparison

The current volatility for DoubleLine Opportunistic Bond ETF (DBND) is 1.08%, while Blackrock Total Return ETF (BRTR) has a volatility of 1.27%. This indicates that DBND experiences smaller price fluctuations and is considered to be less risky than BRTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBND	BRTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	1.27%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	2.77%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	3.30%	3.68%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	4.69%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	4.69%	+0.40%

DBND vs. BRTR - Expense Ratio Comparison

DBND has a 0.50% expense ratio, which is higher than BRTR's 0.38% expense ratio.

Dividends

DBND vs. BRTR - Dividend Comparison

DBND's dividend yield for the trailing twelve months is around 4.78%, more than BRTR's 4.72% yield.

Position	TTM	2025	2024	2023	2022
BRTR Blackrock Total Return ETF	4.72%	4.86%	5.58%	0.22%	0.00%
DBND DoubleLine Opportunistic Bond ETF	4.78%	4.78%	5.19%	4.39%	2.74%

Frequently Asked Questions

Can I hold both DBND and BRTR in my portfolio?

With a correlation of 0.94, DBND and BRTR 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 is riskier, DBND or BRTR?

BRTR has higher volatility (1.27%) compared to DBND (1.08%). In terms of maximum drawdown, DBND dropped -9.39% vs BRTR's -5.07%.

Which ETF is better, DBND or BRTR?

On 1-year performance, BRTR leads with 5.46% vs 4.38% for DBND. On fees, BRTR is cheaper at 0.38% per year. On volatility, DBND has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBND or BRTR?

Over the 1-year period, BRTR has performed better with a 5.46% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBND or BRTR?

BRTR is cheaper with a 0.38% expense ratio, compared with 0.50% for DBND.

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

DBND has the higher dividend yield at 4.78%, compared with 4.72% for BRTR.

What is the main difference between DBND and BRTR?

They also come from different issuers: DoubleLine and BlackRock. Their fees differ too: 0.50% for DBND and 0.38% for BRTR.

Which has better risk-adjusted returns?

BRTR currently has the higher Sharpe Ratio (1.51 vs 1.35), 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.