DCRE vs. DDV

Last updated Jun 5, 2026

DCRE (DoubleLine Commercial Real Estate ETF) and DDV (Defined Duration 5 ETF) are both exchange-traded funds - DCRE is a Short-Term Bond fund actively managed by DoubleLine, while DDV is a Intermediate Core Bond fund actively managed by Discipline Funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. DCRE charges 0.40%/yr vs 0.25%/yr for DDV.

Performance

DCRE vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Commercial Real Estate ETF (DCRE) and Defined Duration 5 ETF (DDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCRE achieves a 1.41% return, which is significantly lower than DDV's 2.21% return.

DCRE

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

DDV

• 1D: -0.02%
• 1M: 0.49%
• YTD: 2.21%
• 6M: 2.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DCRE vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
DCRE DoubleLine Commercial Real Estate ETF	1.41%	0.45%
DDV Defined Duration 5 ETF	2.21%	0.71%

Correlation

The correlation between DCRE and DDV is 0.41, 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 Nov 14, 2025	0.41

Return for Risk

DCRE vs. DDV — Risk / Return Rank

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

DCRE

DCRE Risk / Return Rank: 96
DCRE Sharpe Ratio Rank: 96
DCRE Sortino Ratio Rank: 98
DCRE Omega Ratio Rank: 97
DCRE Calmar Ratio Rank: 94
DCRE Martin Ratio Rank: 94

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.

DCRE vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commercial Real Estate ETF (DCRE) and Defined Duration 5 ETF (DDV). 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.

	DCRE	DDV	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

	DCRE	DDV	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	2.04	+1.86

Drawdowns

DCRE vs. DDV - Drawdown Comparison

The maximum DCRE drawdown since its inception was -0.84%, smaller than the maximum DDV drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for DCRE and DDV.

Drawdown Indicators

	DCRE	DDV	Difference
Max Drawdown Largest peak-to-trough decline	-0.84%	-1.92%	+1.08%
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%	-0.14%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.35%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	—	—

Volatility

Volatility by Period

	DCRE	DDV	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%	2.67%	-1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	2.67%	-1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	2.67%	-1.09%

DCRE vs. DDV - Expense Ratio Comparison

DCRE has a 0.40% expense ratio, which is higher than DDV's 0.25% expense ratio.

Dividends

DCRE vs. DDV - Dividend Comparison

DCRE's dividend yield for the trailing twelve months is around 4.75%, more than DDV's 1.21% yield.

Position	TTM	2025	2024	2023
DCRE DoubleLine Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%
DDV Defined Duration 5 ETF	1.21%	0.42%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DCRE and DDV in my portfolio?

DCRE and DDV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DCRE or DDV?

On fees, DDV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DCRE or DDV?

DDV is cheaper with a 0.25% expense ratio, compared with 0.40% for DCRE.

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

DCRE has the higher dividend yield at 4.75%, compared with 1.21% for DDV.

What is the main difference between DCRE and DDV?

DCRE is categorized as Short-Term Bond, while DDV is Intermediate Core Bond. They also come from different issuers: DoubleLine and Discipline Funds. Their fees differ too: 0.40% for DCRE and 0.25% for DDV.