DLUX vs. DCPE
DLUX (DoubleLine Ultrashort Income ETF) and DCPE (DoubleLine Shiller CAPE US Equities ETF) are both exchange-traded funds - DLUX is a Ultrashort Bond fund actively managed by DoubleLine, while DCPE is a Large Cap Value Equities fund tracking the Shiller Barclays CAPE US Sector Index. DLUX is actively managed, while DCPE is passively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. DLUX charges 0.18%/yr vs 0.65%/yr for DCPE.
Performance
DLUX vs. DCPE - Performance Comparison
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Returns By Period
DLUX
- 1D
- -0.04%
- 1M
- 0.31%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DCPE
- 1D
- 0.64%
- 1M
- 0.18%
- 6M
- -0.32%
- YTD
- 2.07%
- 1Y
- 2.71%
- 3Y*
- 10.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $495.54K | $454.89K | $961.64K | |
| $70.66K | $51.09K | $1.69M |
DLUX vs. DCPE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DLUX DoubleLine Ultrashort Income ETF | 1.33% |
DCPE DoubleLine Shiller CAPE US Equities ETF | 6.64% |
Correlation
The correlation between DLUX and DCPE is -0.03, 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 | -0.03 |
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Return for Risk
DLUX vs. DCPE — Risk / Return Rank
DLUX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DCPE
DLUX vs. DCPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Ultrashort Income ETF (DLUX) and DoubleLine Shiller CAPE US Equities ETF (DCPE). 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 | DCPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.28 | — |
| Martin ratioReturn relative to average drawdown | — | 0.99 | — |
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Drawdowns
DLUX vs. DCPE - Drawdown Comparison
The maximum DLUX drawdown since its inception was -0.16%, smaller than the maximum DCPE drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for DLUX and DCPE.
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Drawdown Indicators
| DLUX | DCPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -22.07% | +21.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.32% | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.39% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -4.83% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.77% | — |
Volatility
DLUX vs. DCPE - Volatility Comparison
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Volatility by Period
| DLUX | DCPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 11.59% | -10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.90% | 16.86% | -15.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 16.86% | -15.96% |
DLUX vs. DCPE - Expense Ratio Comparison
DLUX has a 0.18% expense ratio, which is lower than DCPE's 0.65% expense ratio.
Dividends
DLUX vs. DCPE - Dividend Comparison
DLUX's dividend yield for the trailing twelve months is around 0.80%, less than DCPE's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DCPE DoubleLine Shiller CAPE US Equities ETF | 1.38% | 1.39% | 1.23% | 1.01% | 0.80% |
DLUX DoubleLine Ultrashort Income ETF | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DLUX and DCPE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
DLUX is cheaper with a 0.18% expense ratio, compared with 0.65% for DCPE.
DCPE has the higher dividend yield at 1.38%, compared with 0.80% for DLUX.
DLUX is categorized as Ultrashort Bond, while DCPE is Large Cap Value Equities. Their fees differ too: 0.18% for DLUX and 0.65% for DCPE.
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