DCRE vs. DLUX

Last updated Aug 2, 2026

DCRE (DoubleLine Commercial Real Estate ETF) and DLUX (DoubleLine Ultrashort Income ETF) are both exchange-traded funds - DCRE is a Short-Term Bond fund actively managed by DoubleLine, while DLUX is a Ultrashort Bond fund actively managed by DoubleLine. Both are actively managed. Their 0.16 correlation means their historical movements had little consistent relationship. DCRE charges 0.40%/yr vs 0.18%/yr for DLUX.

Performance

DCRE vs. DLUX - Performance Comparison

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

Returns By Period

DCRE

• 1D: 0.01%
• 1M: 0.17%
• 6M: 1.38%
• YTD: 1.91%
• 1Y: 4.06%
• 3Y*: 6.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.98%

DLUX

• 1D: 0.04%
• 1M: 0.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DCRE DoubleLine Commercial Real Estate ETF	$1.46M	$1.65M	$2.31M
DLUX DoubleLine Ultrashort Income ETF	$56.42K	$51.85K	$1.67M

DCRE vs. DLUX - Yearly Performance Comparison

	2026 (YTD)
DCRE DoubleLine Commercial Real Estate ETF	1.00%
DLUX DoubleLine Ultrashort Income ETF	1.38%

Correlation

The correlation between DCRE and DLUX is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.16

Return for Risk

DCRE vs. DLUX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DCRE

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

DLUX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DCRE vs. DLUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commercial Real Estate ETF (DCRE) and DoubleLine Ultrashort Income ETF (DLUX). 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.

	DCRE	DLUX	Difference
Sharpe ratio: Return per unit of total volatility	3.68	—	—
Sortino ratio: Return per unit of downside risk	6.36	—	—
Omega ratio: Gain probability vs. loss probability	1.82	—	—
Calmar ratio: Return relative to maximum drawdown	6.39	—	—
Martin ratio: Return relative to average drawdown	22.77	—	—

Drawdowns

DCRE vs. DLUX - Drawdown Comparison

The maximum DCRE drawdown since its inception was -0.84%, which is greater than DLUX's maximum drawdown of -0.26%. Use the drawdown chart below to compare losses from any high point for DCRE and DLUX.

Drawdown Indicators

	DCRE	DLUX	Difference
Max Drawdown Largest peak-to-trough decline	-0.84%	-0.26%	-0.58%
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	-0.05%	-0.04%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.04%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	—	—

Volatility

Volatility by Period

	DCRE	DLUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.19%	0.96%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.57%	0.96%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	0.96%	+0.61%

DCRE vs. DLUX - Expense Ratio Comparison

DCRE has a 0.40% expense ratio, which is higher than DLUX's 0.18% expense ratio.

Dividends

DCRE vs. DLUX - Dividend Comparison

DCRE's dividend yield for the trailing twelve months is around 4.75%, more than DLUX's 0.80% yield.

Position	TTM	2025	2024	2023
DCRE DoubleLine Commercial Real Estate ETF	4.33%	4.84%	5.52%	3.47%
DLUX DoubleLine Ultrashort Income ETF	0.80%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DCRE and DLUX in my portfolio?

DCRE and DLUX have a correlation of 0.16, 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 DLUX?

On fees, DLUX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DCRE or DLUX?

DLUX is cheaper with a 0.18% expense ratio, compared with 0.40% for DCRE.

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

DCRE has the higher dividend yield at 4.33%, compared with 0.80% for DLUX.

What is the main difference between DCRE and DLUX?

DCRE is categorized as Short-Term Bond, while DLUX is Ultrashort Bond. Their fees differ too: 0.40% for DCRE and 0.18% for DLUX.