DCRE vs. FLOT
DCRE (DoubleLine Commercial Real Estate ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - DCRE is a Short-Term Bond fund actively managed by DoubleLine, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. DCRE is actively managed, while FLOT is passively managed. Over the past 3 years, DCRE returned 6.03%/yr vs 5.52%/yr for FLOT. At a 0.06 correlation, their price movements are largely independent. DCRE charges 0.40%/yr vs 0.15%/yr for FLOT.
Performance
DCRE vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, DCRE achieves a 1.84% return, which is significantly lower than FLOT's 2.33% return.
DCRE
- 1D
- -0.06%
- 1M
- 0.34%
- 6M
- 1.52%
- YTD
- 1.84%
- 1Y
- 4.32%
- 3Y*
- 6.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.02%
FLOT
- 1D
- 0.02%
- 1M
- 0.32%
- 6M
- 2.13%
- YTD
- 2.33%
- 1Y
- 4.55%
- 3Y*
- 5.52%
- 5Y*
- 4.29%
- 10Y*
- 3.06%
- ALL TIME*
- 2.30%
DCRE vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DCRE DoubleLine Commercial Real Estate ETF | 1.84% | 5.86% | 6.86% | 5.22% |
FLOT iShares Floating Rate Bond ETF | 2.33% | 4.91% | 6.53% | 5.19% |
Correlation
The correlation between DCRE and FLOT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023 | 0.06 |
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Return for Risk
DCRE vs. FLOT — Risk / Return Rank
DCRE
FLOT
DCRE vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Commercial Real Estate ETF (DCRE) and iShares Floating Rate Bond ETF (FLOT). 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 | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -4.67 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 3.01 | -1.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.37 | 10.59 | -4.22 |
| Martin ratioReturn relative to average drawdown | 23.02 | 97.91 | -74.89 |
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Drawdowns
DCRE vs. FLOT - Drawdown Comparison
The maximum DCRE drawdown since its inception was -0.84%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for DCRE and FLOT.
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Drawdown Indicators
| DCRE | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.84% | -13.54% | +12.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.68% | -0.43% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.84% | -1.57% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -0.21% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.05% | +0.14% |
Volatility
DCRE vs. FLOT - Volatility Comparison
DoubleLine Commercial Real Estate ETF (DCRE) has a higher volatility of 0.40% compared to iShares Floating Rate Bond ETF (FLOT) at 0.14%. This indicates that DCRE's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCRE | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 0.14% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 0.63% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.19% | 0.75% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 1.78% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 4.15% | -2.57% |
DCRE vs. FLOT - Expense Ratio Comparison
DCRE has a 0.40% expense ratio, which is higher than FLOT's 0.15% expense ratio.
Dividends
DCRE vs. FLOT - Dividend Comparison
DCRE's dividend yield for the trailing twelve months is around 4.75%, more than FLOT's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCRE DoubleLine Commercial Real Estate ETF | 4.75% | 4.84% | 5.52% | 3.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 4.47% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Frequently Asked Questions
DCRE and FLOT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DCRE has higher volatility (0.40%) compared to FLOT (0.14%). In terms of maximum drawdown, DCRE dropped -0.84% vs FLOT's -13.54%.
On 3-year performance, DCRE leads with 6.03% vs 5.52% for FLOT. On fees, FLOT is cheaper at 0.15% per year. On volatility, FLOT has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DCRE has performed better with a 6.03% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.40% for DCRE.
DCRE has the higher dividend yield at 4.75%, compared with 4.47% for FLOT.
DCRE is categorized as Short-Term Bond, while FLOT is Ultrashort Bond. They also come from different issuers: DoubleLine and iShares. Their fees differ too: 0.40% for DCRE and 0.15% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.11 vs 3.66), 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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