DMBS vs. IBTO
DMBS (Doubleline Etf Trust - Mortgage ETF) and IBTO (iShares iBonds Dec 2033 Term Treasury ETF) are both Intermediate Core Bond funds. DMBS is actively managed, while IBTO is passively managed. Over the past 3 years, DMBS returned 4.54%/yr vs 2.95%/yr for IBTO. Their correlation of 0.93 means they have usually moved in the same direction. DMBS charges 0.49%/yr vs 0.07%/yr for IBTO.
Performance
DMBS vs. IBTO - Performance Comparison
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Returns By Period
In the year-to-date period, DMBS achieves a -0.38% return, which is significantly higher than IBTO's -1.17% return.
DMBS
- 1D
- -0.47%
- 1M
- -1.36%
- 6M
- -0.85%
- YTD
- -0.38%
- 1Y
- 3.05%
- 3Y*
- 4.54%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.41%
IBTO
- 1D
- -0.27%
- 1M
- -1.06%
- 6M
- -0.99%
- YTD
- -1.17%
- 1Y
- 0.84%
- 3Y*
- 2.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.27M | $2.67M | $3.33M | |
| $4.47M | $2.89M | $2.06M |
DMBS vs. IBTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DMBS Doubleline Etf Trust - Mortgage ETF | -0.38% | 8.54% | 2.09% | 2.01% |
IBTO iShares iBonds Dec 2033 Term Treasury ETF | -1.17% | 8.23% | -0.87% | 1.71% |
Correlation
The correlation between DMBS and IBTO is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.93 |
The correlation between DMBS and IBTO has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
DMBS vs. IBTO — Risk / Return Rank
DMBS
IBTO
DMBS vs. IBTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Etf Trust - Mortgage ETF (DMBS) and iShares iBonds Dec 2033 Term Treasury ETF (IBTO). 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 | IBTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.55 | +0.69 |
| Martin ratioReturn relative to average drawdown | 3.65 | 1.25 | +2.40 |
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Drawdowns
DMBS vs. IBTO - Drawdown Comparison
The maximum DMBS drawdown since its inception was -8.14%, roughly equal to the maximum IBTO drawdown of -8.36%. Use the drawdown chart below to compare losses from any high point for DMBS and IBTO.
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Drawdown Indicators
| DMBS | IBTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -8.36% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -3.66% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.19% | -6.91% | +0.72% |
Current DrawdownCurrent decline from peak | -2.46% | -3.22% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -2.37% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.61% | -0.52% |
Volatility
DMBS vs. IBTO - Volatility Comparison
Doubleline Etf Trust - Mortgage ETF (DMBS) has a higher volatility of 1.31% compared to iShares iBonds Dec 2033 Term Treasury ETF (IBTO) at 1.04%. This indicates that DMBS's price experiences larger fluctuations and is considered to be riskier than IBTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMBS | IBTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.04% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 3.28% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 4.31% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 6.51% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 6.51% | -0.30% |
DMBS vs. IBTO - Expense Ratio Comparison
DMBS has a 0.49% expense ratio, which is higher than IBTO's 0.07% expense ratio.
Dividends
DMBS vs. IBTO - Dividend Comparison
DMBS's dividend yield for the trailing twelve months is around 5.19%, more than IBTO's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DMBS Doubleline Etf Trust - Mortgage ETF | 4.78% | 4.96% | 4.97% | 2.82% |
IBTO iShares iBonds Dec 2033 Term Treasury ETF | 3.83% | 4.05% | 4.23% | 1.66% |
Frequently Asked Questions
With a correlation of 0.93, DMBS and IBTO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DMBS has higher volatility (1.31%) compared to IBTO (1.04%). In terms of maximum drawdown, DMBS dropped -8.14% vs IBTO's -8.36%.
On 3-year performance, DMBS leads with 4.54% vs 2.95% for IBTO. On fees, IBTO is cheaper at 0.07% per year. On volatility, IBTO has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DMBS has performed better with a 4.54% return vs 2.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTO is cheaper with a 0.07% expense ratio, compared with 0.49% for DMBS.
DMBS has the higher dividend yield at 4.78%, compared with 3.83% for IBTO.
They also come from different issuers: DoubleLine and iShares. Their fees differ too: 0.49% for DMBS and 0.07% for IBTO.
DMBS currently has the higher Sharpe Ratio (0.96 vs 0.47), 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.
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