DBND vs. FBND
DBND (DoubleLine Opportunistic Bond ETF) and FBND (Fidelity Total Bond ETF) are both Intermediate Core-Plus Bond funds. DBND is passively managed, while FBND is actively managed. Over the past 3 years, DBND returned 4.43%/yr vs 4.55%/yr for FBND. Their correlation of 0.91 means they have usually moved in the same direction. DBND charges 0.50%/yr vs 0.36%/yr for FBND.
Performance
DBND vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, DBND achieves a -0.89% return, which is significantly lower than FBND's -0.33% return.
DBND
- 1D
- -0.31%
- 1M
- -1.01%
- 6M
- -1.26%
- YTD
- -0.89%
- 1Y
- 1.72%
- 3Y*
- 4.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.17%
FBND
- 1D
- -0.27%
- 1M
- -1.26%
- 6M
- -0.60%
- YTD
- -0.33%
- 1Y
- 2.08%
- 3Y*
- 4.55%
- 5Y*
- 0.31%
- 10Y*
- 2.27%
- ALL TIME*
- 2.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.03M | $2.95M | $3.32M | |
| $133.84M | $127.41M | $124.15M |
DBND vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | -0.89% | 7.41% | 3.06% | 6.33% | -5.93% |
FBND Fidelity Total Bond ETF | -0.33% | 7.57% | 2.13% | 6.81% | -7.27% |
Correlation
The correlation between DBND and FBND is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.91 |
The correlation between DBND and FBND has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
DBND vs. FBND — Risk / Return Rank
DBND
FBND
DBND vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.09 | -0.19 |
| Martin ratioReturn relative to average drawdown | 2.14 | 2.77 | -0.62 |
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Drawdowns
DBND vs. FBND - Drawdown Comparison
The maximum DBND drawdown since its inception was -9.39%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for DBND and FBND.
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Drawdown Indicators
| DBND | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.39% | -17.25% | +7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.66% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -4.95% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -2.46% | -2.24% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -3.32% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.05% | +0.14% |
Volatility
DBND vs. FBND - Volatility Comparison
The current volatility for DoubleLine Opportunistic Bond ETF (DBND) is 0.90%, while Fidelity Total Bond ETF (FBND) has a volatility of 0.95%. This indicates that DBND experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBND | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.95% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 2.94% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 3.77% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 5.93% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 6.10% | -1.06% |
DBND vs. FBND - Expense Ratio Comparison
DBND has a 0.50% expense ratio, which is higher than FBND's 0.36% expense ratio.
Dividends
DBND vs. FBND - Dividend Comparison
DBND's dividend yield for the trailing twelve months is around 4.83%, more than FBND's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | 4.41% | 4.78% | 5.19% | 4.39% | 2.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.77% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Frequently Asked Questions
With a correlation of 0.94, DBND and FBND 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.
FBND has higher volatility (0.95%) compared to DBND (0.90%). In terms of maximum drawdown, DBND dropped -9.39% vs FBND's -17.25%.
On 3-year performance, FBND leads with 4.55% vs 4.43% for DBND. On fees, FBND is cheaper at 0.36% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FBND has performed better with a 4.55% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBND is cheaper with a 0.36% expense ratio, compared with 0.50% for DBND.
FBND has the higher dividend yield at 4.77%, compared with 4.41% for DBND.
They also come from different issuers: DoubleLine and Fidelity. Their fees differ too: 0.50% for DBND and 0.36% for FBND.
DBND currently has the higher Sharpe Ratio (0.79 vs 0.77), 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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