DBND vs. DBLTX
DBND (DoubleLine Opportunistic Bond ETF) and DBLTX (DoubleLine Total Return Bond Fund Class I) are both funds - DBND is a Intermediate Core-Plus Bond fund tracking the Bloomberg US Aggregate Bond Index, while DBLTX is a Total Bond Market fund actively managed by DoubleLine. DBND is passively managed, while DBLTX is actively managed. Over the past 3 years, DBND returned 4.60%/yr vs 4.51%/yr for DBLTX. Their correlation of 0.92 means they have usually moved in the same direction. Both charge a 0.50% expense ratio.
Performance
DBND vs. DBLTX - Performance Comparison
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Returns By Period
In the year-to-date period, DBND achieves a -0.64% return, which is significantly higher than DBLTX's -1.15% return.
DBND
- 1D
- 0.25%
- 1M
- -0.77%
- 6M
- -0.90%
- YTD
- -0.64%
- 1Y
- 1.97%
- 3Y*
- 4.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.23%
DBLTX
- 1D
- -0.69%
- 1M
- -1.37%
- 6M
- -1.27%
- YTD
- -1.15%
- 1Y
- 1.67%
- 3Y*
- 4.51%
- 5Y*
- 0.13%
- 10Y*
- 1.56%
- ALL TIME*
- 3.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.45M | $3.07M | $3.38M |
DBND vs. DBLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | -0.64% | 7.41% | 3.06% | 6.33% | -5.93% |
DBLTX DoubleLine Total Return Bond Fund Class I | -1.15% | 8.05% | 3.08% | 5.34% | -7.94% |
Correlation
The correlation between DBND and DBLTX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.92 |
The correlation between DBND and DBLTX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
DBND vs. DBLTX — Risk / Return Rank
DBND
DBLTX
DBND vs. DBLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and DoubleLine Total Return Bond Fund Class I (DBLTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBND | DBLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.82 | -0.13 |
| Martin ratioReturn relative to average drawdown | 1.64 | 1.95 | -0.31 |
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Drawdowns
DBND vs. DBLTX - Drawdown Comparison
The maximum DBND drawdown since its inception was -9.39%, smaller than the maximum DBLTX drawdown of -16.49%. Use the drawdown chart below to compare losses from any high point for DBND and DBLTX.
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Drawdown Indicators
| DBND | DBLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.39% | -16.49% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.17% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -5.33% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.49% | — |
Current DrawdownCurrent decline from peak | -2.22% | -3.14% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -2.37% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.34% | -0.14% |
Volatility
DBND vs. DBLTX - Volatility Comparison
The current volatility for DoubleLine Opportunistic Bond ETF (DBND) is 0.94%, while DoubleLine Total Return Bond Fund Class I (DBLTX) has a volatility of 1.22%. This indicates that DBND experiences smaller price fluctuations and is considered to be less risky than DBLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBND | DBLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.22% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 3.08% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.15% | 3.86% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 5.63% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 4.43% | +0.61% |
DBND vs. DBLTX - Expense Ratio Comparison
Both DBND and DBLTX have an expense ratio of 0.50%.
Dividends
DBND vs. DBLTX - Dividend Comparison
DBND's dividend yield for the trailing twelve months is around 4.87%, more than DBLTX's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.55% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
DBND DoubleLine Opportunistic Bond ETF | 4.87% | 4.78% | 5.19% | 4.39% | 2.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, DBND and DBLTX 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.
DBLTX has higher volatility (1.22%) compared to DBND (0.94%). In terms of maximum drawdown, DBND dropped -9.39% vs DBLTX's -16.49%.
DBLTX currently has the higher Sharpe Ratio (0.68 vs 0.63), 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.
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