DFVE vs. CAPE

Last updated Aug 2, 2026

DFVE (Doubleline Fortune 500 Equal Weight ETF) and CAPE (DoubleLine Shiller CAPE U.S. Equities ETF) are both exchange-traded funds - DFVE is a Large Cap Blend Equities fund tracking the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while CAPE is a Large Cap Value Equities fund actively managed by DoubleLine. DFVE is passively managed, while CAPE is actively managed. Over the past year, DFVE returned 25.75% vs 6.18% for CAPE. Their 0.79 correlation means they have sometimes moved together and sometimes differently. DFVE charges 0.20%/yr vs 0.65%/yr for CAPE.

Performance

DFVE vs. CAPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Fortune 500 Equal Weight ETF (DFVE) and DoubleLine Shiller CAPE U.S. Equities ETF (CAPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFVE achieves a 15.30% return, which is significantly higher than CAPE's 2.29% return.

DFVE

• 1D: -0.28%
• 1M: 1.35%
• 6M: 10.99%
• YTD: 15.30%
• 1Y: 25.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.09%

CAPE

• 1D: 0.00%
• 1M: -0.57%
• 6M: 0.07%
• YTD: 2.29%
• 1Y: 6.18%
• 3Y*: 10.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.75%

*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)
CAPE DoubleLine Shiller CAPE U.S. Equities ETF	$508.60K	$475.70K	$946.02K
DFVE Doubleline Fortune 500 Equal Weight ETF	$74.40K	$88.82K	$191.24K

DFVE vs. CAPE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DFVE Doubleline Fortune 500 Equal Weight ETF	15.30%	14.51%	14.66%
CAPE DoubleLine Shiller CAPE U.S. Equities ETF	2.29%	9.10%	15.66%

Correlation

The correlation between DFVE and CAPE is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.79

The correlation between DFVE and CAPE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

DFVE vs. CAPE - Sectors Allocation Comparison

Sectors	DFVE	CAPE
Industrials	17.9%	0.1%
Consumer Cyclical	16.6%	0.2%
Financial Services	15.6%	24.6%
Technology	11.5%	0.4%
Healthcare	10.4%	23.6%
Consumer Defensive	8.1%	24.6%
Energy	5.6%	-
Utilities	5.4%	-
Basic Materials	4.0%	0.3%
Communication Services	3.8%	25.2%
Real Estate	1.3%	24.8%

Return for Risk

DFVE vs. CAPE — Risk / Return Rank

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

DFVE

DFVE Risk / Return Rank: 82
DFVE Sharpe Ratio Rank: 82
DFVE Sortino Ratio Rank: 84
DFVE Omega Ratio Rank: 80
DFVE Calmar Ratio Rank: 82
DFVE Martin Ratio Rank: 83

CAPE

CAPE Risk / Return Rank: 23
CAPE Sharpe Ratio Rank: 22
CAPE Sortino Ratio Rank: 22
CAPE Omega Ratio Rank: 21
CAPE Calmar Ratio Rank: 21
CAPE Martin Ratio Rank: 26

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.

DFVE vs. CAPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) and DoubleLine Shiller CAPE U.S. Equities ETF (CAPE). 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.

	DFVE	CAPE	Difference
Sharpe ratio: Return per unit of total volatility	1.90	0.49	+1.41
Sortino ratio: Return per unit of downside risk	2.77	0.79	+1.98
Omega ratio: Gain probability vs. loss probability	1.34	1.09	+0.24
Calmar ratio: Return relative to maximum drawdown	3.05	0.58	+2.47
Martin ratio: Return relative to average drawdown	11.31	2.06	+9.25

DFVE vs. CAPE - Sharpe Ratio Comparison

The current DFVE Sharpe Ratio is 1.90, which is higher than the CAPE Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of DFVE and CAPE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFVE vs. CAPE - Drawdown Comparison

The maximum DFVE drawdown since its inception was -19.43%, smaller than the maximum CAPE drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for DFVE and CAPE.

Drawdown Indicators

	DFVE	CAPE	Difference
Max Drawdown Largest peak-to-trough decline	-19.43%	-22.07%	+2.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	-9.68%	+1.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.32%	—
Current Drawdown Current decline from peak	-1.24%	-1.27%	+0.03%
Average Drawdown Average peak-to-trough decline	-2.63%	-4.81%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.74%	-0.64%

Volatility

DFVE vs. CAPE - Volatility Comparison

The current volatility for Doubleline Fortune 500 Equal Weight ETF (DFVE) is 3.01%, while DoubleLine Shiller CAPE U.S. Equities ETF (CAPE) has a volatility of 4.59%. This indicates that DFVE experiences smaller price fluctuations and is considered to be less risky than CAPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFVE	CAPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	4.59%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	9.56%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	11.58%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	16.85%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	16.85%	-1.57%

DFVE vs. CAPE - Expense Ratio Comparison

DFVE has a 0.20% expense ratio, which is lower than CAPE's 0.65% expense ratio.

Dividends

DFVE vs. CAPE - Dividend Comparison

DFVE's dividend yield for the trailing twelve months is around 1.36%, which matches CAPE's 1.37% yield.

Position	TTM	2025	2024	2023	2022
CAPE DoubleLine Shiller CAPE U.S. Equities ETF	1.37%	1.39%	1.23%	1.01%	0.80%
DFVE Doubleline Fortune 500 Equal Weight ETF	1.36%	1.52%	1.53%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFVE and CAPE in my portfolio?

DFVE and CAPE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFVE or CAPE?

CAPE has higher volatility (4.59%) compared to DFVE (3.01%). In terms of maximum drawdown, DFVE dropped -19.43% vs CAPE's -22.07%.

Which ETF is better, DFVE or CAPE?

On 1-year performance, DFVE leads with 25.75% vs 6.18% for CAPE. On fees, DFVE is cheaper at 0.20% per year. On volatility, DFVE has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFVE or CAPE?

Over the 1-year period, DFVE has performed better with a 25.75% return vs 6.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFVE or CAPE?

DFVE is cheaper with a 0.20% expense ratio, compared with 0.65% for CAPE.

Which ETF pays a higher dividend yield, DFVE or CAPE?

CAPE has the higher dividend yield at 1.37%, compared with 1.36% for DFVE.

What is the main difference between DFVE and CAPE?

DFVE is categorized as Large Cap Blend Equities, while CAPE is Large Cap Value Equities. Their fees differ too: 0.20% for DFVE and 0.65% for CAPE.

Which has better risk-adjusted returns?

DFVE currently has the higher Sharpe Ratio (1.90 vs 0.49), 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.