DCMB vs. PCS

Last updated Jun 5, 2026

DCMB (Doubleline Commercial Real Estate ETF) and PCS (PGIM Corporate Bond 0-5 Year ETF) are both exchange-traded funds - DCMB is a Short-Term Bond fund actively managed by DoubleLine, while PCS is a Corporate Bonds fund actively managed by PGIM. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. DCMB charges 0.40%/yr vs 0.20%/yr for PCS.

Performance

DCMB vs. PCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Commercial Real Estate ETF (DCMB) and PGIM Corporate Bond 0-5 Year ETF (PCS). 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 PCS's 1.25% return.

DCMB

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

PCS

• 1D: 0.09%
• 1M: 0.24%
• YTD: 1.25%
• 6M: 1.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DCMB vs. PCS - Yearly Performance Comparison

	2026 (YTD)	2025
DCMB Doubleline Commercial Real Estate ETF	1.41%	2.11%
PCS PGIM Corporate Bond 0-5 Year ETF	1.25%	2.22%

Correlation

The correlation between DCMB and PCS is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025	0.45

Return for Risk

DCMB vs. PCS — 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

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. PCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Commercial Real Estate ETF (DCMB) and PGIM Corporate Bond 0-5 Year ETF (PCS). 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	PCS	Difference
Sharpe ratio: Return per unit of total volatility	4.13	—	—
Sortino ratio: Return per unit of downside risk	7.11	—	—
Omega ratio: Gain probability vs. loss probability	1.95	—	—
Calmar ratio: Return relative to maximum drawdown	6.93	—	—
Martin ratio: Return relative to average drawdown	25.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DCMB	PCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.90	2.64	+1.26

Drawdowns

DCMB vs. PCS - Drawdown Comparison

The maximum DCMB drawdown since its inception was -0.84%, smaller than the maximum PCS drawdown of -1.12%. Use the drawdown chart below to compare losses from any high point for DCMB and PCS.

Drawdown Indicators

	DCMB	PCS	Difference
Max Drawdown Largest peak-to-trough decline	-0.84%	-1.12%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-0.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.84%	—	—
Current Drawdown Current decline from peak	-0.18%	-0.04%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.13%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	—	—

Volatility

Volatility by Period

	DCMB	PCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.14%	1.59%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	1.59%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	1.59%	-0.01%

DCMB vs. PCS - Expense Ratio Comparison

DCMB has a 0.40% expense ratio, which is higher than PCS's 0.20% expense ratio.

Dividends

DCMB vs. PCS - Dividend Comparison

DCMB's dividend yield for the trailing twelve months is around 4.75%, more than PCS's 4.01% yield.

Position	TTM	2025	2024	2023
DCMB Doubleline Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%
PCS PGIM Corporate Bond 0-5 Year ETF	4.01%	1.92%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DCMB and PCS in my portfolio?

DCMB and PCS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DCMB or PCS?

On fees, PCS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DCMB or PCS?

PCS is cheaper with a 0.20% expense ratio, compared with 0.40% for DCMB.

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

DCMB has the higher dividend yield at 4.75%, compared with 4.01% for PCS.

What is the main difference between DCMB and PCS?

DCMB is categorized as Short-Term Bond, while PCS is Corporate Bonds. They also come from different issuers: DoubleLine and PGIM. Their fees differ too: 0.40% for DCMB and 0.20% for PCS.