DMBS vs. MAGG

Last updated Jun 23, 2026

DMBS (Doubleline Etf Trust - Mortgage ETF) and MAGG (Madison Aggregate Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Over the past year, DMBS returned 6.19% vs 4.71% for MAGG. Their correlation of 0.87 suggests significant overlap in exposure. DMBS charges 0.49%/yr vs 0.40%/yr for MAGG.

Performance

DMBS vs. MAGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Etf Trust - Mortgage ETF (DMBS) and Madison Aggregate Bond ETF (MAGG). 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 higher than MAGG's 0.25% return.

DMBS

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

MAGG

• 1D: -0.39%
• 1M: 0.71%
• YTD: 0.25%
• 6M: 0.51%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DMBS vs. MAGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DMBS Doubleline Etf Trust - Mortgage ETF	0.63%	8.54%	2.09%	4.43%
MAGG Madison Aggregate Bond ETF	0.25%	7.28%	1.81%	4.39%

Correlation

The correlation between DMBS and MAGG is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 29, 2023	0.87

The correlation between DMBS and MAGG has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.

Return for Risk

DMBS vs. MAGG — 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

MAGG

MAGG Risk / Return Rank: 34
MAGG Sharpe Ratio Rank: 34
MAGG Sortino Ratio Rank: 36
MAGG Omega Ratio Rank: 34
MAGG Calmar Ratio Rank: 34
MAGG Martin Ratio Rank: 34

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. MAGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Etf Trust - Mortgage ETF (DMBS) and Madison Aggregate Bond ETF (MAGG). 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	MAGG	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.20	+0.30
Sortino ratio: Return per unit of downside risk	2.24	1.84	+0.40
Omega ratio: Gain probability vs. loss probability	1.27	1.22	+0.05
Calmar ratio: Return relative to maximum drawdown	1.94	1.65	+0.29
Martin ratio: Return relative to average drawdown	6.45	4.83	+1.62

DMBS vs. MAGG - Sharpe Ratio Comparison

The current DMBS Sharpe Ratio is 1.50, which is comparable to the MAGG Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of DMBS and MAGG, 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. MAGG - Drawdown Comparison

The maximum DMBS drawdown since its inception was -8.14%, which is greater than MAGG's maximum drawdown of -4.56%. Use the drawdown chart below to compare losses from any high point for DMBS and MAGG.

Drawdown Indicators

	DMBS	MAGG	Difference
Max Drawdown Largest peak-to-trough decline	-8.14%	-4.56%	-3.58%
Max Drawdown (1Y) Largest decline over 1 year	-3.20%	-2.86%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-7.24%	—	—
Current Drawdown Current decline from peak	-1.47%	-1.43%	-0.04%
Average Drawdown Average peak-to-trough decline	-1.70%	-1.25%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.98%	-0.02%

Volatility

DMBS vs. MAGG - Volatility Comparison

Doubleline Etf Trust - Mortgage ETF (DMBS) has a higher volatility of 1.26% compared to Madison Aggregate Bond ETF (MAGG) at 0.87%. This indicates that DMBS's price experiences larger fluctuations and is considered to be riskier than MAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMBS	MAGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	0.87%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	3.14%	2.66%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	4.15%	3.95%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.25%	4.73%	+1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.25%	4.73%	+1.52%

DMBS vs. MAGG - Expense Ratio Comparison

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

Dividends

DMBS vs. MAGG - Dividend Comparison

DMBS's dividend yield for the trailing twelve months is around 5.11%, more than MAGG's 4.73% yield.

Position	TTM	2025	2024	2023
DMBS Doubleline Etf Trust - Mortgage ETF	5.11%	4.96%	4.97%	2.82%
MAGG Madison Aggregate Bond ETF	4.73%	4.80%	5.13%	1.49%

Frequently Asked Questions

Can I hold both DMBS and MAGG in my portfolio?

DMBS and MAGG have a correlation of 0.77, 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 MAGG?

DMBS has higher volatility (1.26%) compared to MAGG (0.87%). In terms of maximum drawdown, DMBS dropped -8.14% vs MAGG's -4.56%.

Which ETF is better, DMBS or MAGG?

On 1-year performance, DMBS leads with 6.19% vs 4.71% for MAGG. On fees, MAGG is cheaper at 0.40% per year. On volatility, MAGG has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DMBS or MAGG?

Over the 1-year period, DMBS has performed better with a 6.19% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DMBS or MAGG?

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

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

DMBS has the higher dividend yield at 5.11%, compared with 4.73% for MAGG.

What is the main difference between DMBS and MAGG?

They also come from different issuers: DoubleLine and Madison. Their fees differ too: 0.49% for DMBS and 0.40% for MAGG.

Which has better risk-adjusted returns?

DMBS currently has the higher Sharpe Ratio (1.50 vs 1.20), 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.