DBND vs. TOTL
DBND (DoubleLine Opportunistic Bond ETF) and TOTL (State Street DoubleLine Total Return Tactical ETF) are both Intermediate Core-Plus Bond funds. DBND is passively managed, while TOTL is actively managed. Over the past 3 years, DBND returned 4.60%/yr vs 4.30%/yr for TOTL. Their correlation of 0.90 means they have usually moved in the same direction. DBND charges 0.50%/yr vs 0.55%/yr for TOTL.
Performance
DBND vs. TOTL - 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 TOTL's -1.14% 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%
TOTL
- 1D
- 0.16%
- 1M
- -1.31%
- 6M
- -1.23%
- YTD
- -1.14%
- 1Y
- 1.68%
- 3Y*
- 4.30%
- 5Y*
- 0.27%
- 10Y*
- 1.42%
- ALL TIME*
- 1.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.45M | $3.07M | $3.38M | |
| $36.11M | $24.35M | $20.84M |
DBND vs. TOTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | -0.64% | 7.41% | 3.06% | 6.33% | -5.93% |
TOTL State Street DoubleLine Total Return Tactical ETF | -1.14% | 7.68% | 3.15% | 5.55% | -6.88% |
Correlation
The correlation between DBND and TOTL 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. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.90 |
The correlation between DBND and TOTL has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
DBND vs. TOTL — Risk / Return Rank
DBND
TOTL
DBND vs. TOTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and State Street DoubleLine Total Return Tactical ETF (TOTL). 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 | TOTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.56 | +0.14 |
| Martin ratioReturn relative to average drawdown | 1.64 | 1.30 | +0.35 |
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Drawdowns
DBND vs. TOTL - Drawdown Comparison
The maximum DBND drawdown since its inception was -9.39%, smaller than the maximum TOTL drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for DBND and TOTL.
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Drawdown Indicators
| DBND | TOTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.39% | -16.48% | +7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.04% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -5.31% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.48% | — |
Current DrawdownCurrent decline from peak | -2.22% | -2.75% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -3.11% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.30% | -0.10% |
Volatility
DBND vs. TOTL - Volatility Comparison
DoubleLine Opportunistic Bond ETF (DBND) and State Street DoubleLine Total Return Tactical ETF (TOTL) have volatilities of 0.94% and 0.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBND | TOTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.95% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.76% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.15% | 3.42% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 5.62% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 4.79% | +0.25% |
DBND vs. TOTL - Expense Ratio Comparison
DBND has a 0.50% expense ratio, which is lower than TOTL's 0.55% expense ratio.
Dividends
DBND vs. TOTL - Dividend Comparison
DBND's dividend yield for the trailing twelve months is around 4.87%, less than TOTL's 5.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TOTL State Street DoubleLine Total Return Tactical ETF | 5.38% | 5.23% | 5.35% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 3.00% | 3.25% | 2.67% |
Frequently Asked Questions
With a correlation of 0.94, DBND and TOTL 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.
TOTL has higher volatility (0.95%) compared to DBND (0.94%). In terms of maximum drawdown, DBND dropped -9.39% vs TOTL's -16.48%.
On 3-year performance, DBND leads with 4.60% vs 4.30% for TOTL. On fees, DBND is cheaper at 0.50% 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, DBND has performed better with a 4.60% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBND is cheaper with a 0.50% expense ratio, compared with 0.55% for TOTL.
TOTL has the higher dividend yield at 5.38%, compared with 4.87% for DBND.
They also come from different issuers: DoubleLine and State Street. Their fees differ too: 0.50% for DBND and 0.55% for TOTL.
DBND currently has the higher Sharpe Ratio (0.63 vs 0.50), 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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