DCMB vs. BBSB

Last updated Jun 5, 2026

DCMB (Doubleline Commercial Real Estate ETF) and BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) are both exchange-traded funds - DCMB is a Short-Term Bond fund actively managed by DoubleLine, while BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. DCMB is actively managed, while BBSB is passively managed. Over the past 3 years, DCMB returned 6.18%/yr vs 4.15%/yr for BBSB. A 0.58 correlation means they provide meaningful diversification when combined. DCMB charges 0.40%/yr vs 0.04%/yr for BBSB.

Performance

DCMB vs. BBSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Commercial Real Estate ETF (DCMB) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCMB achieves a 1.41% return, which is significantly higher than BBSB's 0.55% return.

DCMB

• 1D: 0.02%
• 1M: -0.18%
• YTD: 1.41%
• 6M: 1.55%
• 1Y: 4.70%
• 3Y*: 6.18%
• 5Y*: —
• 10Y*: —

BBSB

• 1D: 0.07%
• 1M: 0.13%
• YTD: 0.55%
• 6M: 0.88%
• 1Y: 3.32%
• 3Y*: 4.15%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DCMB vs. BBSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DCMB Doubleline Commercial Real Estate ETF	1.41%	5.86%	6.86%	4.82%
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	0.55%	5.12%	4.00%	2.56%

Correlation

The correlation between DCMB and BBSB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	0.58

The correlation between DCMB and BBSB has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Return for Risk

DCMB vs. BBSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DCMB

DCMB Risk / Return Rank: 96
DCMB Sharpe Ratio Rank: 96
DCMB Sortino Ratio Rank: 98
DCMB Omega Ratio Rank: 97
DCMB Calmar Ratio Rank: 94
DCMB Martin Ratio Rank: 93

BBSB

BBSB Risk / Return Rank: 84
BBSB Sharpe Ratio Rank: 82
BBSB Sortino Ratio Rank: 93
BBSB Omega Ratio Rank: 88
BBSB Calmar Ratio Rank: 77
BBSB Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DCMB vs. BBSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Commercial Real Estate ETF (DCMB) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). 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.

	DCMB	BBSB	Difference
Sharpe ratio: Return per unit of total volatility	4.13	2.64	+1.49
Sortino ratio: Return per unit of downside risk	7.11	4.47	+2.64
Omega ratio: Gain probability vs. loss probability	1.95	1.54	+0.40
Calmar ratio: Return relative to maximum drawdown	6.93	3.89	+3.04
Martin ratio: Return relative to average drawdown	25.53	16.07	+9.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCMB vs. BBSB - Sharpe Ratio Comparison

The current DCMB Sharpe Ratio is 4.13, which is higher than the BBSB Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of DCMB and BBSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DCMB	BBSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.13	2.64	+1.49
Sharpe Ratio (All Time) Calculated using the full available price history	3.90	2.36	+1.54

Drawdowns

DCMB vs. BBSB - Drawdown Comparison

The maximum DCMB drawdown since its inception was -0.84%, smaller than the maximum BBSB drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for DCMB and BBSB.

Drawdown Indicators

	DCMB	BBSB	Difference
Max Drawdown Largest peak-to-trough decline	-0.84%	-1.57%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-0.68%	-0.86%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-0.84%	-0.96%	+0.12%
Current Drawdown Current decline from peak	-0.18%	-0.18%	0.00%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.31%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	0.21%	-0.03%

Volatility

DCMB vs. BBSB - Volatility Comparison

The current volatility for Doubleline Commercial Real Estate ETF (DCMB) is 0.34%, while JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) has a volatility of 0.36%. This indicates that DCMB experiences smaller price fluctuations and is considered to be less risky than BBSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCMB	BBSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	0.36%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.87%	0.85%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	1.14%	1.27%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	1.66%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	1.66%	-0.08%

DCMB vs. BBSB - Expense Ratio Comparison

DCMB has a 0.40% expense ratio, which is higher than BBSB's 0.04% expense ratio.

Dividends

DCMB vs. BBSB - Dividend Comparison

DCMB's dividend yield for the trailing twelve months is around 4.75%, more than BBSB's 3.81% yield.

Position	TTM	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%
DCMB Doubleline Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%

Frequently Asked Questions

Can I hold both DCMB and BBSB in my portfolio?

DCMB and BBSB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DCMB or BBSB?

BBSB has higher volatility (0.36%) compared to DCMB (0.34%). In terms of maximum drawdown, DCMB dropped -0.84% vs BBSB's -1.57%.

Which ETF is better, DCMB or BBSB?

On 3-year performance, DCMB leads with 6.18% vs 4.15% for BBSB. On fees, BBSB is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DCMB or BBSB?

Over the 3-year period, DCMB has performed better with a 6.18% return vs 4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DCMB or BBSB?

BBSB is cheaper with a 0.04% expense ratio, compared with 0.40% for DCMB.

Which ETF pays a higher dividend yield, DCMB or BBSB?

DCMB has the higher dividend yield at 4.75%, compared with 3.81% for BBSB.

What is the main difference between DCMB and BBSB?

DCMB is categorized as Short-Term Bond, while BBSB is Government Bonds. They also come from different issuers: DoubleLine and JPMorgan. Their fees differ too: 0.40% for DCMB and 0.04% for BBSB.

Which has better risk-adjusted returns?

DCMB currently has the higher Sharpe Ratio (4.13 vs 2.64), 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.