DCMB vs. TAXS
DCMB (Doubleline Commercial Real Estate ETF) and TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) are both exchange-traded funds - DCMB is a Short-Term Bond fund actively managed by DoubleLine, while TAXS is a Municipal Bonds fund tracking the ICE Short Term Focused Municipal Bond Index. DCMB is actively managed, while TAXS is passively managed. At a 0.28 correlation, their price movements are largely independent. DCMB charges 0.40%/yr vs 0.05%/yr for TAXS.
Performance
DCMB vs. TAXS - Performance Comparison
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Returns By Period
In the year-to-date period, DCMB achieves a 1.39% return, which is significantly higher than TAXS's 0.93% return.
DCMB
- 1D
- -0.02%
- 1M
- 0.11%
- YTD
- 1.39%
- 6M
- 1.51%
- 1Y
- 4.74%
- 3Y*
- 6.20%
- 5Y*
- —
- 10Y*
- —
TAXS
- 1D
- 0.06%
- 1M
- 0.38%
- YTD
- 0.93%
- 6M
- 1.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DCMB vs. TAXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DCMB Doubleline Commercial Real Estate ETF | 1.39% | 1.86% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 0.93% | 1.22% |
Correlation
The correlation between DCMB and TAXS is 0.28, 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 20, 2025 | 0.28 |
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Return for Risk
DCMB vs. TAXS — Risk / Return Rank
DCMB
TAXS
DCMB vs. TAXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Commercial Real Estate ETF (DCMB) and Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS). 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 | TAXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.96 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | — | — |
| Martin ratioReturn relative to average drawdown | 25.78 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DCMB | TAXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 2.78 | +1.12 |
Drawdowns
DCMB vs. TAXS - Drawdown Comparison
The maximum DCMB drawdown since its inception was -0.84%, roughly equal to the maximum TAXS drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for DCMB and TAXS.
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Drawdown Indicators
| DCMB | TAXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.84% | -0.84% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.68% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.84% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.09% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -0.24% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | — | — |
Volatility
DCMB vs. TAXS - Volatility Comparison
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Volatility by Period
| DCMB | TAXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.14% | 1.00% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 1.00% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 1.00% | +0.58% |
DCMB vs. TAXS - Expense Ratio Comparison
DCMB has a 0.40% expense ratio, which is higher than TAXS's 0.05% expense ratio.
Dividends
DCMB vs. TAXS - Dividend Comparison
DCMB's dividend yield for the trailing twelve months is around 4.75%, more than TAXS's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DCMB Doubleline Commercial Real Estate ETF | 4.75% | 4.84% | 5.52% | 3.47% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 1.83% | 0.74% | 0.00% | 0.00% |
Frequently Asked Questions
DCMB and TAXS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAXS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAXS is cheaper with a 0.05% expense ratio, compared with 0.40% for DCMB.
DCMB has the higher dividend yield at 4.75%, compared with 1.83% for TAXS.
DCMB is categorized as Short-Term Bond, while TAXS is Municipal Bonds. They also come from different issuers: DoubleLine and Northern Trust. Their fees differ too: 0.40% for DCMB and 0.05% for TAXS.
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