DCMB vs. UYLD

Last updated Jun 23, 2026

DCMB (Doubleline Commercial Real Estate ETF) and UYLD (Angel Oak Ultrashort Income ETF) are both exchange-traded funds - DCMB is a Short-Term Bond fund actively managed by DoubleLine, while UYLD is a Ultrashort Bond fund actively managed by Angel Oak. Both are actively managed. Over the past 3 years, DCMB returned 6.09%/yr vs 5.85%/yr for UYLD. At a 0.30 correlation, their price movements are largely independent. DCMB charges 0.40%/yr vs 0.29%/yr for UYLD.

Performance

DCMB vs. UYLD - Performance Comparison

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

Returns By Period

In the year-to-date period, DCMB achieves a 1.47% return, which is significantly lower than UYLD's 2.07% return.

DCMB

• 1D: -0.02%
• 1M: 0.30%
• YTD: 1.47%
• 6M: 1.61%
• 1Y: 4.50%
• 3Y*: 6.09%
• 5Y*: —
• 10Y*: —

UYLD

• 1D: 0.01%
• 1M: 0.61%
• YTD: 2.07%
• 6M: 2.27%
• 1Y: 5.06%
• 3Y*: 5.85%
• 5Y*: —
• 10Y*: —

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

DCMB vs. UYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DCMB Doubleline Commercial Real Estate ETF	1.47%	5.86%	6.86%	5.22%
UYLD Angel Oak Ultrashort Income ETF	2.07%	5.36%	6.10%	5.01%

Correlation

The correlation between DCMB and UYLD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023	0.30

Return for Risk

DCMB vs. UYLD — Risk / Return Rank

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

DCMB

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

UYLD

UYLD Risk / Return Rank: 99
UYLD Sharpe Ratio Rank: 99
UYLD Sortino Ratio Rank: 99
UYLD Omega Ratio Rank: 99
UYLD Calmar Ratio Rank: 99
UYLD Martin Ratio Rank: 99

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. UYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Commercial Real Estate ETF (DCMB) and Angel Oak Ultrashort Income ETF (UYLD). 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	UYLD	Difference
Sharpe ratio: Return per unit of total volatility	3.89	7.94	-4.05
Sortino ratio: Return per unit of downside risk	6.62	21.72	-15.10
Omega ratio: Gain probability vs. loss probability	1.87	4.39	-2.52
Calmar ratio: Return relative to maximum drawdown	6.63	37.15	-30.52
Martin ratio: Return relative to average drawdown	24.11	223.31	-199.20

DCMB vs. UYLD - Sharpe Ratio Comparison

The current DCMB Sharpe Ratio is 3.89, which is lower than the UYLD Sharpe Ratio of 7.94. The chart below compares the historical Sharpe Ratios of DCMB and UYLD, 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. UYLD - Drawdown Comparison

The maximum DCMB drawdown since its inception was -0.84%, which is greater than UYLD's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for DCMB and UYLD.

Drawdown Indicators

	DCMB	UYLD	Difference
Max Drawdown Largest peak-to-trough decline	-0.84%	-0.54%	-0.30%
Max Drawdown (1Y) Largest decline over 1 year	-0.68%	-0.14%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-0.84%	-0.54%	-0.30%
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.03%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	0.02%	+0.17%

Volatility

DCMB vs. UYLD - Volatility Comparison

Doubleline Commercial Real Estate ETF (DCMB) and Angel Oak Ultrashort Income ETF (UYLD) have volatilities of 0.38% and 0.37%, 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	UYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	0.37%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	0.91%	0.50%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	1.16%	0.64%	+0.52%
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. UYLD - Expense Ratio Comparison

DCMB has a 0.40% expense ratio, which is higher than UYLD's 0.29% expense ratio.

Dividends

DCMB vs. UYLD - Dividend Comparison

DCMB's dividend yield for the trailing twelve months is around 4.75%, less than UYLD's 5.03% yield.

Position	TTM	2025	2024	2023	2022
DCMB Doubleline Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%	0.00%
UYLD Angel Oak Ultrashort Income ETF	5.03%	5.07%	4.97%	5.92%	0.75%

Frequently Asked Questions

Can I hold both DCMB and UYLD in my portfolio?

DCMB and UYLD have a correlation of 0.30, 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 UYLD?

DCMB has higher volatility (0.38%) compared to UYLD (0.37%). In terms of maximum drawdown, DCMB dropped -0.84% vs UYLD's -0.54%.

Which ETF is better, DCMB or UYLD?

On 3-year performance, DCMB leads with 6.09% vs 5.85% for UYLD. On fees, UYLD is cheaper at 0.29% 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 UYLD?

Over the 3-year period, DCMB has performed better with a 6.09% return vs 5.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DCMB or UYLD?

UYLD is cheaper with a 0.29% expense ratio, compared with 0.40% for DCMB.

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

UYLD has the higher dividend yield at 5.03%, compared with 4.75% for DCMB.

What is the main difference between DCMB and UYLD?

DCMB is categorized as Short-Term Bond, while UYLD is Ultrashort Bond. They also come from different issuers: DoubleLine and Angel Oak. Their fees differ too: 0.40% for DCMB and 0.29% for UYLD.

Which has better risk-adjusted returns?

UYLD currently has the higher Sharpe Ratio (7.94 vs 3.89), 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.