DCPE vs. DIVB
DCPE (DoubleLine Shiller CAPE US Equities ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - DCPE is a Large Cap Value Equities fund tracking the Shiller Barclays CAPE US Sector Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 3 years, DCPE returned 10.97%/yr vs 20.96%/yr for DIVB. Their correlation of 0.83 suggests significant overlap in exposure. DCPE charges 0.65%/yr vs 0.05%/yr for DIVB.
Performance
DCPE vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, DCPE achieves a 1.57% return, which is significantly lower than DIVB's 19.48% return.
DCPE
- 1D
- -0.28%
- 1M
- 0.07%
- 6M
- 0.35%
- YTD
- 1.57%
- 1Y
- 3.39%
- 3Y*
- 10.97%
- 5Y*
- —
- 10Y*
- —
DIVB
- 1D
- -2.17%
- 1M
- 1.54%
- 6M
- 17.14%
- YTD
- 19.48%
- 1Y
- 26.41%
- 3Y*
- 20.96%
- 5Y*
- 12.43%
- 10Y*
- —
DCPE vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DCPE DoubleLine Shiller CAPE US Equities ETF | 1.57% | 9.10% | 14.40% | 27.65% | -15.28% |
DIVB iShares Core Dividend ETF | 19.48% | 15.09% | 18.59% | 13.27% | -8.88% |
Correlation
The correlation between DCPE and DIVB is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.83 |
The correlation between DCPE and DIVB shifts across timeframes, from 0.67 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DCPE vs. DIVB — Risk / Return Rank
DCPE
DIVB
DCPE vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller CAPE US Equities ETF (DCPE) and iShares Core Dividend ETF (DIVB). 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.
| DCPE | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.39 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 3.89 | -3.54 |
| Martin ratioReturn relative to average drawdown | 1.24 | 13.05 | -11.82 |
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Drawdowns
DCPE vs. DIVB - Drawdown Comparison
The maximum DCPE drawdown since its inception was -22.07%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for DCPE and DIVB.
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Drawdown Indicators
| DCPE | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.07% | -36.93% | +14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -6.82% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -15.45% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.08% | — |
Current DrawdownCurrent decline from peak | -1.87% | -2.17% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -4.94% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.03% | +0.72% |
Volatility
DCPE vs. DIVB - Volatility Comparison
DoubleLine Shiller CAPE US Equities ETF (DCPE) and iShares Core Dividend ETF (DIVB) have volatilities of 4.56% and 4.43%, 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.
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Volatility by Period
| DCPE | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 4.43% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 9.31% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.36% | 12.09% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 15.33% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 18.35% | -1.48% |
DCPE vs. DIVB - Expense Ratio Comparison
DCPE has a 0.65% expense ratio, which is higher than DIVB's 0.05% expense ratio.
Dividends
DCPE vs. DIVB - Dividend Comparison
DCPE's dividend yield for the trailing twelve months is around 1.38%, less than DIVB's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCPE DoubleLine Shiller CAPE US Equities ETF | 1.38% | 1.39% | 1.23% | 1.01% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIVB iShares Core Dividend ETF | 2.22% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% |
Frequently Asked Questions
DCPE and DIVB have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCPE has higher volatility (4.56%) compared to DIVB (4.43%). In terms of maximum drawdown, DCPE dropped -22.07% vs DIVB's -36.93%.
On 3-year performance, DIVB leads with 20.96% vs 10.97% for DCPE. On fees, DIVB is cheaper at 0.05% per year. On volatility, DIVB has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DIVB has performed better with a 20.96% return vs 10.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.65% for DCPE.
DIVB has the higher dividend yield at 2.22%, compared with 1.38% for DCPE.
DCPE is categorized as Large Cap Value Equities, while DIVB is Dividend. DCPE tracks Shiller Barclays CAPE US Sector Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: DoubleLine and iShares. Their fees differ too: 0.65% for DCPE and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.19 vs 0.30), 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.
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