DLUX vs. DABS

Last updated Jul 28, 2026

DLUX (DoubleLine Ultrashort Income ETF) and DABS (DoubleLine Asset-Backed Securities ETF) are both exchange-traded funds - DLUX is a Ultrashort Bond fund actively managed by DoubleLine, while DABS is a Nontraditional Bonds fund actively managed by DoubleLine. Both are actively managed. Their -0.01 correlation means they have often moved in opposite directions in the past. DLUX charges 0.18%/yr vs 0.40%/yr for DABS.

Performance

DLUX vs. DABS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Ultrashort Income ETF (DLUX) and DoubleLine Asset-Backed Securities ETF (DABS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DLUX

• 1D: -0.04%
• 1M: 0.31%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DABS

• 1D: -0.08%
• 1M: -0.21%
• 6M: 1.24%
• YTD: 1.38%
• 1Y: 4.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.02%

*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)
DABS DoubleLine Asset-Backed Securities ETF	$597.24K	$757.52K	$1.00M
DLUX DoubleLine Ultrashort Income ETF	$70.66K	$51.09K	$1.69M

DLUX vs. DABS - Yearly Performance Comparison

	2026 (YTD)
DLUX DoubleLine Ultrashort Income ETF	1.33%
DABS DoubleLine Asset-Backed Securities ETF	0.87%

Correlation

The correlation between DLUX and DABS is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	-0.01

Return for Risk

DLUX vs. DABS — Risk / Return Rank

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

DLUX

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

DABS

DABS Risk / Return Rank: 86
DABS Sharpe Ratio Rank: 82
DABS Sortino Ratio Rank: 87
DABS Omega Ratio Rank: 86
DABS Calmar Ratio Rank: 87
DABS Martin Ratio Rank: 85

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.

DLUX vs. DABS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Ultrashort Income ETF (DLUX) and DoubleLine Asset-Backed Securities ETF (DABS). 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.

	DLUX	DABS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.89	—
Sortino ratio: Return per unit of downside risk	—	2.89	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.54	—
Martin ratio: Return relative to average drawdown	—	12.11	—

Drawdowns

DLUX vs. DABS - Drawdown Comparison

The maximum DLUX drawdown since its inception was -0.16%, smaller than the maximum DABS drawdown of -1.47%. Use the drawdown chart below to compare losses from any high point for DLUX and DABS.

Drawdown Indicators

	DLUX	DABS	Difference
Max Drawdown Largest peak-to-trough decline	-0.16%	-1.47%	+1.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.29%	—
Current Drawdown Current decline from peak	-0.09%	-0.33%	+0.24%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.29%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.38%	—

Volatility

Volatility by Period

	DLUX	DABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.90%	2.42%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.90%	2.52%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.90%	2.52%	-1.62%

DLUX vs. DABS - Expense Ratio Comparison

DLUX has a 0.18% expense ratio, which is lower than DABS's 0.40% expense ratio.

Dividends

DLUX vs. DABS - Dividend Comparison

DLUX's dividend yield for the trailing twelve months is around 0.80%, less than DABS's 4.87% yield.

Position	TTM	2025
DABS DoubleLine Asset-Backed Securities ETF	4.87%	3.81%
DLUX DoubleLine Ultrashort Income ETF	0.80%	0.00%

Frequently Asked Questions

Can I hold both DLUX and DABS in my portfolio?

DLUX and DABS have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DLUX or DABS?

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, DLUX or DABS?

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

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

DABS has the higher dividend yield at 4.87%, compared with 0.80% for DLUX.

What is the main difference between DLUX and DABS?

DLUX is categorized as Ultrashort Bond, while DABS is Nontraditional Bonds. Their fees differ too: 0.18% for DLUX and 0.40% for DABS.