DCRE vs. DMBS

Last updated Apr 4, 2026

Compare and contrast key facts about DoubleLine Commercial Real Estate ETF (DCRE) and Doubleline Etf Trust - Mortgage ETF (DMBS).

DCRE and DMBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DCRE is an actively managed fund by DoubleLine. It was launched on Mar 31, 2023. DMBS is an actively managed fund by DoubleLine. It was launched on Mar 31, 2023.

Performance

DCRE vs. DMBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Commercial Real Estate ETF (DCRE) and Doubleline Etf Trust - Mortgage ETF (DMBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCRE achieves a 0.96% return, which is significantly higher than DMBS's 0.54% return.

DCRE

• 1D: 0.13%
• 1M: -0.16%
• YTD: 0.96%
• 6M: 2.04%
• 1Y: 4.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMBS

• 1D: 0.24%
• 1M: -0.98%
• YTD: 0.54%
• 6M: 1.68%
• 1Y: 5.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DCRE vs. DMBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DCRE DoubleLine Commercial Real Estate ETF	0.96%	5.86%	6.86%	5.27%
DMBS Doubleline Etf Trust - Mortgage ETF	0.54%	8.54%	2.09%	1.31%

Correlation

The correlation between DCRE and DMBS is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

DCRE vs. DMBS - Expense Ratio Comparison

DCRE has a 0.40% expense ratio, which is lower than DMBS's 0.49% expense ratio.

DMBS

Doubleline Etf Trust - Mortgage ETF

DCRE

DoubleLine Commercial Real Estate ETF

Return for Risk

DCRE vs. DMBS — Risk / Return Rank

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

DCRE

DCRE Risk / Return Rank: 98
DCRE Sharpe Ratio Rank: 98
DCRE Sortino Ratio Rank: 99
DCRE Omega Ratio Rank: 98
DCRE Calmar Ratio Rank: 98
DCRE Martin Ratio Rank: 98

DMBS

DMBS Risk / Return Rank: 58
DMBS Sharpe Ratio Rank: 65
DMBS Sortino Ratio Rank: 66
DMBS Omega Ratio Rank: 56
DMBS Calmar Ratio Rank: 58
DMBS Martin Ratio Rank: 47

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. DMBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commercial Real Estate ETF (DCRE) and Doubleline Etf Trust - Mortgage ETF (DMBS). 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	DMBS	Difference
Sharpe ratio Return per unit of total volatility	3.80	1.21	+2.59
Sortino ratio Return per unit of downside risk	6.03	1.75	+4.28
Omega ratio Gain probability vs. loss probability	1.88	1.22	+0.66
Calmar ratio Return relative to maximum drawdown	7.54	1.87	+5.67
Martin ratio Return relative to average drawdown	28.99	5.88	+23.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCRE vs. DMBS - Sharpe Ratio Comparison

The current DCRE Sharpe Ratio is 3.80, which is higher than the DMBS Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of DCRE and DMBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DCRE	DMBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	1.21	+2.59
Sharpe Ratio (All Time) Calculated using the full available price history	4.01	0.65	+3.36

Drawdowns

DCRE vs. DMBS - Drawdown Comparison

The maximum DCRE drawdown since its inception was -0.84%, smaller than the maximum DMBS drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for DCRE and DMBS.

Drawdown Indicators

	DCRE	DMBS	Difference
Max Drawdown Largest peak-to-trough decline	-0.84%	-8.14%	+7.30%
Max Drawdown (1Y) Largest decline over 1 year	-0.68%	-3.09%	+2.41%
Current Drawdown Current decline from peak	-0.37%	-1.55%	+1.18%
Average Drawdown Average peak-to-trough decline	-0.10%	-1.71%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	0.98%	-0.80%

Volatility

DCRE vs. DMBS - Volatility Comparison

The current volatility for DoubleLine Commercial Real Estate ETF (DCRE) is 0.44%, while Doubleline Etf Trust - Mortgage ETF (DMBS) has a volatility of 1.89%. This indicates that DCRE experiences smaller price fluctuations and is considered to be less risky than DMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCRE	DMBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	1.89%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	0.75%	2.69%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	1.40%	4.79%	-3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.59%	6.36%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.59%	6.36%	-4.77%

Dividends

DCRE vs. DMBS - Dividend Comparison

DCRE's dividend yield for the trailing twelve months is around 4.76%, less than DMBS's 5.02% yield.

	TTM	2025	2024	2023
DCRE DoubleLine Commercial Real Estate ETF	4.76%	4.84%	5.52%	3.47%
DMBS Doubleline Etf Trust - Mortgage ETF	5.02%	4.96%	4.97%	2.82%