DBND vs. VCSH
DBND (DoubleLine Opportunistic Bond ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both exchange-traded funds - DBND is a Intermediate Core-Plus Bond fund tracking the Bloomberg US Aggregate Bond Index, while VCSH is a Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index. Both are passively managed. Over the past 3 years, DBND returned 4.42%/yr vs 5.56%/yr for VCSH. Their correlation of 0.83 suggests significant overlap in exposure. DBND charges 0.50%/yr vs 0.04%/yr for VCSH.
Performance
DBND vs. VCSH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBND achieves a -0.21% return, which is significantly lower than VCSH's 0.62% return.
DBND
- 1D
- -0.20%
- 1M
- 0.47%
- YTD
- -0.21%
- 6M
- -0.07%
- 1Y
- 4.05%
- 3Y*
- 4.42%
- 5Y*
- —
- 10Y*
- —
VCSH
- 1D
- -0.10%
- 1M
- 0.25%
- YTD
- 0.62%
- 6M
- 0.82%
- 1Y
- 4.15%
- 3Y*
- 5.56%
- 5Y*
- 2.36%
- 10Y*
- 2.64%
DBND vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | -0.21% | 7.41% | 3.06% | 6.33% | -5.93% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.62% | 6.77% | 4.91% | 6.20% | -1.98% |
Correlation
The correlation between DBND and VCSH is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.83 |
The correlation between DBND and VCSH has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBND vs. VCSH — Risk / Return Rank
DBND
VCSH
DBND vs. VCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Bond ETF (DBND) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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 | VCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.42 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.98 | -1.54 |
| Martin ratioReturn relative to average drawdown | 3.92 | 12.06 | -8.14 |
Loading charts...
Drawdowns
DBND vs. VCSH - Drawdown Comparison
The maximum DBND drawdown since its inception was -9.39%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for DBND and VCSH.
Loading charts...
Drawdown Indicators
| DBND | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.39% | -12.86% | +3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -1.40% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -6.25% | -1.40% | -4.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -1.80% | -0.34% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -0.96% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.35% | +0.68% |
Volatility
DBND vs. VCSH - Volatility Comparison
DoubleLine Opportunistic Bond ETF (DBND) has a higher volatility of 0.98% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.68%. This indicates that DBND's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBND | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.68% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 1.48% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 1.92% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 2.89% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 3.35% | +1.73% |
DBND vs. VCSH - Expense Ratio Comparison
DBND has a 0.50% expense ratio, which is higher than VCSH's 0.04% expense ratio.
Dividends
DBND vs. VCSH - Dividend Comparison
DBND's dividend yield for the trailing twelve months is around 4.79%, more than VCSH's 4.45% 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% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.45% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Frequently Asked Questions
DBND and VCSH have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBND has higher volatility (0.98%) compared to VCSH (0.68%). In terms of maximum drawdown, DBND dropped -9.39% vs VCSH's -12.86%.
On 3-year performance, VCSH leads with 5.56% vs 4.42% for DBND. On fees, VCSH is cheaper at 0.04% per year. On volatility, VCSH has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VCSH has performed better with a 5.56% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.50% for DBND.
DBND has the higher dividend yield at 4.79%, compared with 4.45% for VCSH.
DBND is categorized as Intermediate Core-Plus Bond, while VCSH is Corporate Bonds. DBND tracks Bloomberg US Aggregate Bond Index, while VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index. They also come from different issuers: DoubleLine and Vanguard. Their fees differ too: 0.50% for DBND and 0.04% for VCSH.
VCSH currently has the higher Sharpe Ratio (2.17 vs 1.25), 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.
Find the right allocation for DBND and VCSH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer