DCMB vs. DCRE

Last updated Jun 24, 2026

DCMB (Doubleline Commercial Real Estate ETF) and DCRE (DoubleLine Commercial Real Estate ETF) are both Short-Term Bond funds from DoubleLine. Both are actively managed. Over the past 3 years, DCMB returned 6.09%/yr vs 6.09%/yr for DCRE. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.40% expense ratio.

Performance

DCMB vs. DCRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Commercial Real Estate ETF (DCMB) and DoubleLine Commercial Real Estate ETF (DCRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with DCMB at 1.47% and DCRE at 1.47%.

DCMB

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.47%
• 6M: 1.60%
• 1Y: 4.41%
• 3Y*: 6.09%
• 5Y*: —
• 10Y*: —

DCRE

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.47%
• 6M: 1.60%
• 1Y: 4.41%
• 3Y*: 6.09%
• 5Y*: —
• 10Y*: —

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

DCMB vs. DCRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DCMB Doubleline Commercial Real Estate ETF	1.47%	5.86%	6.86%	5.22%
DCRE DoubleLine Commercial Real Estate ETF	1.47%	5.86%	6.86%	5.22%

Correlation

The correlation between DCMB and DCRE is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023	1.00

The correlation between DCMB and DCRE has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

DCMB vs. DCRE — 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: 97
DCMB Omega Ratio Rank: 97
DCMB Calmar Ratio Rank: 94
DCMB Martin Ratio Rank: 93

DCRE

DCRE Risk / Return Rank: 95
DCRE Sharpe Ratio Rank: 96
DCRE Sortino Ratio Rank: 97
DCRE Omega Ratio Rank: 97
DCRE Calmar Ratio Rank: 94
DCRE Martin Ratio Rank: 93

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. DCRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Commercial Real Estate ETF (DCMB) and DoubleLine Commercial Real Estate ETF (DCRE). 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.

	DCMB	DCRE	Difference
Sharpe ratio: Return per unit of total volatility	3.82	3.82	0.00
Sortino ratio: Return per unit of downside risk	6.49	6.49	0.00
Omega ratio: Gain probability vs. loss probability	1.85	1.85	0.00
Calmar ratio: Return relative to maximum drawdown	6.50	6.50	0.00
Martin ratio: Return relative to average drawdown	23.58	23.58	0.00

DCMB vs. DCRE - Sharpe Ratio Comparison

The current DCMB Sharpe Ratio is 3.82, which is comparable to the DCRE Sharpe Ratio of 3.82. The chart below compares the historical Sharpe Ratios of DCMB and DCRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DCMB vs. DCRE - Drawdown Comparison

The maximum DCMB drawdown since its inception was -0.84%, roughly equal to the maximum DCRE drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for DCMB and DCRE.

Drawdown Indicators

	DCMB	DCRE	Difference
Max Drawdown Largest peak-to-trough decline	-0.84%	-0.84%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-0.68%	-0.68%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-0.84%	-0.84%	0.00%
Current Drawdown Current decline from peak	-0.17%	-0.17%	0.00%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.11%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	0.19%	0.00%

Volatility

DCMB vs. DCRE - Volatility Comparison

Doubleline Commercial Real Estate ETF (DCMB) and DoubleLine Commercial Real Estate ETF (DCRE) have volatilities of 0.36% and 0.36%, 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.

Volatility by Period

	DCMB	DCRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	0.36%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	0.91%	0.91%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	1.16%	1.16%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	1.58%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	1.58%	0.00%

DCMB vs. DCRE - Expense Ratio Comparison

Both DCMB and DCRE have an expense ratio of 0.40%.

Dividends

DCMB vs. DCRE - Dividend Comparison

DCMB's dividend yield for the trailing twelve months is around 4.75%, which matches DCRE's 4.75% yield.

Position	TTM	2025	2024	2023
DCMB Doubleline Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%
DCRE DoubleLine Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%

Frequently Asked Questions

Can I hold both DCMB and DCRE in my portfolio?

With a correlation of 1.00, DCMB and DCRE 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.

Which is riskier, DCMB or DCRE?

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

Which ETF is better, DCMB or DCRE?

On 3-year performance, DCRE leads with 6.09% vs 6.09% for DCMB. Both ETFs have the same 0.40% expense ratio. 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 DCRE?

Over the 3-year period, DCRE has performed better with a 6.09% return vs 6.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DCMB or DCRE?

DCMB and DCRE have the same expense ratio: 0.40% per year.

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

DCMB and DCRE have nearly identical dividend yields, around 4.75%.

Which has better risk-adjusted returns?

DCRE currently has the higher Sharpe Ratio (3.82 vs 3.82), 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.