DBND vs. IUSB
DBND (DoubleLine Opportunistic Bond ETF) and IUSB (iShares Core Universal USD Bond ETF) are both Intermediate Core-Plus Bond funds - DBND tracks the Bloomberg US Aggregate Bond Index while IUSB tracks the Bloomberg U.S. Universal Index. Both are passively managed. Over the past 3 years, DBND returned 4.50%/yr vs 4.51%/yr for IUSB. Their correlation of 0.92 suggests significant overlap in exposure. DBND charges 0.50%/yr vs 0.06%/yr for IUSB.
Performance
DBND vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, DBND achieves a -0.21% return, which is significantly lower than IUSB's 0.43% return.
DBND
- 1D
- -0.11%
- 1M
- 0.03%
- YTD
- -0.21%
- 6M
- -0.07%
- 1Y
- 4.85%
- 3Y*
- 4.50%
- 5Y*
- —
- 10Y*
- —
IUSB
- 1D
- -0.17%
- 1M
- 0.31%
- YTD
- 0.43%
- 6M
- 0.31%
- 1Y
- 5.54%
- 3Y*
- 4.51%
- 5Y*
- 0.44%
- 10Y*
- 1.94%
DBND vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | -0.21% | 7.41% | 3.06% | 6.33% | -5.93% |
IUSB iShares Core Universal USD Bond ETF | 0.43% | 7.38% | 2.11% | 6.23% | -6.49% |
Correlation
The correlation between DBND and IUSB is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.92 |
The correlation between DBND and IUSB has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
DBND vs. IUSB — Risk / Return Rank
DBND
IUSB
DBND vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and iShares Core Universal USD Bond ETF (IUSB). 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 | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.20 | -0.48 |
| Martin ratioReturn relative to average drawdown | 5.10 | 6.68 | -1.58 |
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 | IUSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.54 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.46 | +0.02 |
Drawdowns
DBND vs. IUSB - Drawdown Comparison
The maximum DBND drawdown since its inception was -9.39%, smaller than the maximum IUSB drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for DBND and IUSB.
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Drawdown Indicators
| DBND | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.39% | -17.90% | +8.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.53% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -6.25% | -5.82% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -1.80% | -1.33% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -3.59% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.83% | +0.12% |
Volatility
DBND vs. IUSB - Volatility Comparison
The current volatility for DoubleLine Opportunistic Bond ETF (DBND) is 1.07%, while iShares Core Universal USD Bond ETF (IUSB) has a volatility of 1.24%. This indicates that DBND experiences smaller price fluctuations and is considered to be less risky than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBND | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.24% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.62% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 3.62% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 5.79% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 5.04% | +0.05% |
DBND vs. IUSB - Expense Ratio Comparison
DBND has a 0.50% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
DBND vs. IUSB - Dividend Comparison
DBND's dividend yield for the trailing twelve months is around 4.79%, more than IUSB's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | 4.79% | 4.78% | 5.19% | 4.39% | 2.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSB iShares Core Universal USD Bond ETF | 4.23% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
With a correlation of 0.95, DBND and IUSB 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.
IUSB has higher volatility (1.24%) compared to DBND (1.07%). In terms of maximum drawdown, DBND dropped -9.39% vs IUSB's -17.90%.
On 3-year performance, IUSB leads with 4.51% vs 4.50% for DBND. On fees, IUSB is cheaper at 0.06% per year. On volatility, DBND has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IUSB has performed better with a 4.51% return vs 4.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.50% for DBND.
DBND has the higher dividend yield at 4.79%, compared with 4.23% for IUSB.
DBND tracks Bloomberg US Aggregate Bond Index, while IUSB tracks Bloomberg U.S. Universal Index. They also come from different issuers: DoubleLine and iShares. Their fees differ too: 0.50% for DBND and 0.06% for IUSB.
IUSB currently has the higher Sharpe Ratio (1.54 vs 1.48), 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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