DFVE vs. SPCT

Last updated Jul 17, 2026

DFVE (Doubleline Fortune 500 Equal Weight ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. DFVE is passively managed, while SPCT is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. DFVE charges 0.20%/yr vs 0.85%/yr for SPCT.

Performance

DFVE vs. SPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Fortune 500 Equal Weight ETF (DFVE) and Liberty One Spectrum ETF (SPCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFVE achieves a 14.89% return, which is significantly higher than SPCT's 9.92% return.

DFVE

• 1D: 1.07%
• 1M: 1.71%
• 6M: 9.46%
• YTD: 14.89%
• 1Y: 23.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCT

• 1D: 0.99%
• 1M: 1.35%
• 6M: 7.01%
• YTD: 9.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFVE vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
DFVE Doubleline Fortune 500 Equal Weight ETF	14.89%	2.47%
SPCT Liberty One Spectrum ETF	9.92%	1.93%

Correlation

The correlation between DFVE and SPCT is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.71

Return for Risk

DFVE vs. SPCT — Risk / Return Rank

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

DFVE

DFVE Risk / Return Rank: 73
DFVE Sharpe Ratio Rank: 73
DFVE Sortino Ratio Rank: 76
DFVE Omega Ratio Rank: 70
DFVE Calmar Ratio Rank: 74
DFVE Martin Ratio Rank: 74

SPCT

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

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.

DFVE vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) and Liberty One Spectrum ETF (SPCT). 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	SPCT	Difference
Sharpe ratio: Return per unit of total volatility	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.73	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.01	—	—
Martin ratio: Return relative to average drawdown	10.73	—	—

Drawdowns

DFVE vs. SPCT - Drawdown Comparison

The maximum DFVE drawdown since its inception was -19.43%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for DFVE and SPCT.

Drawdown Indicators

	DFVE	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-19.43%	-7.17%	-12.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.66%	-1.49%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	—	—

Volatility

Volatility by Period

	DFVE	SPCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	9.27%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	9.27%	+6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	9.27%	+6.08%

DFVE vs. SPCT - Expense Ratio Comparison

DFVE has a 0.20% expense ratio, which is lower than SPCT's 0.85% expense ratio.

Dividends

DFVE vs. SPCT - Dividend Comparison

DFVE's dividend yield for the trailing twelve months is around 1.36%, more than SPCT's 0.73% yield.

Position	TTM	2025	2024
DFVE Doubleline Fortune 500 Equal Weight ETF	1.36%	1.52%	1.53%
SPCT Liberty One Spectrum ETF	0.73%	0.16%	0.00%

Frequently Asked Questions

Can I hold both DFVE and SPCT in my portfolio?

DFVE and SPCT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFVE or SPCT?

On fees, DFVE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFVE or SPCT?

DFVE is cheaper with a 0.20% expense ratio, compared with 0.85% for SPCT.

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

DFVE has the higher dividend yield at 1.36%, compared with 0.73% for SPCT.

What is the main difference between DFVE and SPCT?

They also come from different issuers: DoubleLine and Liberty One. Their fees differ too: 0.20% for DFVE and 0.85% for SPCT.