DLUX vs. SHV
DLUX (DoubleLine Ultrashort Income ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - DLUX is a Ultrashort Bond fund actively managed by DoubleLine, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. DLUX is actively managed, while SHV is passively managed. Their 0.23 correlation means their historical movements had little consistent relationship. DLUX charges 0.18%/yr vs 0.15%/yr for SHV.
Performance
DLUX vs. SHV - Performance Comparison
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Returns By Period
DLUX
- 1D
- -0.04%
- 1M
- 0.31%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SHV
- 1D
- 0.01%
- 1M
- 0.26%
- 6M
- 1.71%
- YTD
- 1.92%
- 1Y
- 3.78%
- 3Y*
- 4.55%
- 5Y*
- 3.42%
- 10Y*
- 2.27%
- ALL TIME*
- 1.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $70.66K | $51.09K | $1.69M | |
| $256.57M | $278.15M | $277.04M |
DLUX vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DLUX DoubleLine Ultrashort Income ETF | 1.33% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.11% |
Correlation
The correlation between DLUX and SHV is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026 | 0.23 |
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Return for Risk
DLUX vs. SHV — Risk / Return Rank
DLUX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHV
DLUX vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Ultrashort Income ETF (DLUX) and iShares 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 26.55 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 139.34 | — |
| Martin ratioReturn relative to average drawdown | — | 1,412.20 | — |
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Drawdowns
DLUX vs. SHV - Drawdown Comparison
The maximum DLUX drawdown since its inception was -0.16%, smaller than the maximum SHV drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for DLUX and SHV.
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Drawdown Indicators
| DLUX | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -0.45% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.03% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
DLUX vs. SHV - Volatility Comparison
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Volatility by Period
| DLUX | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 0.21% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.90% | 0.29% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 0.28% | +0.62% |
DLUX vs. SHV - Expense Ratio Comparison
DLUX has a 0.18% expense ratio, which is higher than SHV's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DLUX vs. SHV - Dividend Comparison
DLUX's dividend yield for the trailing twelve months is around 0.80%, less than SHV's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLUX DoubleLine Ultrashort Income ETF | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.78% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
DLUX and SHV have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHV is cheaper with a 0.15% expense ratio, compared with 0.18% for DLUX.
SHV has the higher dividend yield at 3.78%, compared with 0.80% for DLUX.
DLUX is categorized as Ultrashort Bond, while SHV is Government Bonds. They also come from different issuers: DoubleLine and iShares. Their fees differ too: 0.18% for DLUX and 0.15% for SHV.
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