DMBS vs. CLOI

Last updated Jun 23, 2026

DMBS (Doubleline Etf Trust - Mortgage ETF) and CLOI (VanEck CLO ETF) are both exchange-traded funds - DMBS is a Intermediate Core Bond fund actively managed by DoubleLine, while CLOI is a CLO fund actively managed by VanEck. Both are actively managed. Over the past 3 years, DMBS returned 4.45%/yr vs 7.00%/yr for CLOI. At a 0.03 correlation, their price movements are largely independent. DMBS charges 0.49%/yr vs 0.40%/yr for CLOI.

Performance

DMBS vs. CLOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Etf Trust - Mortgage ETF (DMBS) and VanEck CLO ETF (CLOI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DMBS achieves a 0.63% return, which is significantly lower than CLOI's 2.35% return.

DMBS

• 1D: -0.20%
• 1M: 0.86%
• YTD: 0.63%
• 6M: 0.75%
• 1Y: 6.19%
• 3Y*: 4.45%
• 5Y*: —
• 10Y*: —

CLOI

• 1D: 0.04%
• 1M: 0.46%
• YTD: 2.35%
• 6M: 2.58%
• 1Y: 5.48%
• 3Y*: 7.00%
• 5Y*: —
• 10Y*: —

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

DMBS vs. CLOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DMBS Doubleline Etf Trust - Mortgage ETF	0.63%	8.54%	2.09%	1.27%
CLOI VanEck CLO ETF	2.35%	5.84%	8.26%	6.43%

Correlation

The correlation between DMBS and CLOI is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023	0.03

Return for Risk

DMBS vs. CLOI — Risk / Return Rank

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

DMBS

DMBS Risk / Return Rank: 43
DMBS Sharpe Ratio Rank: 44
DMBS Sortino Ratio Rank: 46
DMBS Omega Ratio Rank: 43
DMBS Calmar Ratio Rank: 40
DMBS Martin Ratio Rank: 41

CLOI

CLOI Risk / Return Rank: 97
CLOI Sharpe Ratio Rank: 98
CLOI Sortino Ratio Rank: 98
CLOI Omega Ratio Rank: 98
CLOI Calmar Ratio Rank: 96
CLOI Martin Ratio Rank: 97

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.

DMBS vs. CLOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Etf Trust - Mortgage ETF (DMBS) and VanEck CLO ETF (CLOI). 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.

	DMBS	CLOI	Difference
Sharpe ratio: Return per unit of total volatility	1.50	4.82	-3.32
Sortino ratio: Return per unit of downside risk	2.24	7.61	-5.37
Omega ratio: Gain probability vs. loss probability	1.27	2.21	-0.94
Calmar ratio: Return relative to maximum drawdown	1.94	8.82	-6.88
Martin ratio: Return relative to average drawdown	6.45	41.79	-35.34

DMBS vs. CLOI - Sharpe Ratio Comparison

The current DMBS Sharpe Ratio is 1.50, which is lower than the CLOI Sharpe Ratio of 4.82. The chart below compares the historical Sharpe Ratios of DMBS and CLOI, 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

DMBS vs. CLOI - Drawdown Comparison

The maximum DMBS drawdown since its inception was -8.14%, which is greater than CLOI's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for DMBS and CLOI.

Drawdown Indicators

	DMBS	CLOI	Difference
Max Drawdown Largest peak-to-trough decline	-8.14%	-3.25%	-4.89%
Max Drawdown (1Y) Largest decline over 1 year	-3.20%	-0.62%	-2.58%
Max Drawdown (3Y) Largest decline over 3 years	-7.24%	-3.25%	-3.99%
Current Drawdown Current decline from peak	-1.47%	0.00%	-1.47%
Average Drawdown Average peak-to-trough decline	-1.70%	-0.19%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.13%	+0.83%

Volatility

DMBS vs. CLOI - Volatility Comparison

Doubleline Etf Trust - Mortgage ETF (DMBS) has a higher volatility of 1.26% compared to VanEck CLO ETF (CLOI) at 0.22%. This indicates that DMBS's price experiences larger fluctuations and is considered to be riskier than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMBS	CLOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	0.22%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	3.14%	0.67%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	4.15%	1.15%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.25%	2.54%	+3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.25%	2.54%	+3.71%

DMBS vs. CLOI - Expense Ratio Comparison

DMBS has a 0.49% expense ratio, which is higher than CLOI's 0.40% expense ratio.

Dividends

DMBS vs. CLOI - Dividend Comparison

DMBS's dividend yield for the trailing twelve months is around 5.11%, less than CLOI's 5.33% yield.

Position	TTM	2025	2024	2023	2022
CLOI VanEck CLO ETF	5.33%	5.61%	6.71%	5.61%	2.23%
DMBS Doubleline Etf Trust - Mortgage ETF	5.11%	4.96%	4.97%	2.82%	0.00%

Frequently Asked Questions

Can I hold both DMBS and CLOI in my portfolio?

DMBS and CLOI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DMBS or CLOI?

DMBS has higher volatility (1.26%) compared to CLOI (0.22%). In terms of maximum drawdown, DMBS dropped -8.14% vs CLOI's -3.25%.

Which ETF is better, DMBS or CLOI?

On 3-year performance, CLOI leads with 7.00% vs 4.45% for DMBS. On fees, CLOI is cheaper at 0.40% per year. On volatility, CLOI has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DMBS or CLOI?

Over the 3-year period, CLOI has performed better with a 7.00% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DMBS or CLOI?

CLOI is cheaper with a 0.40% expense ratio, compared with 0.49% for DMBS.

Which ETF pays a higher dividend yield, DMBS or CLOI?

CLOI has the higher dividend yield at 5.33%, compared with 5.11% for DMBS.

What is the main difference between DMBS and CLOI?

DMBS is categorized as Intermediate Core Bond, while CLOI is CLO. They also come from different issuers: DoubleLine and VanEck. Their fees differ too: 0.49% for DMBS and 0.40% for CLOI.

Which has better risk-adjusted returns?

CLOI currently has the higher Sharpe Ratio (4.82 vs 1.50), 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.