DMBS vs. PCRB
DMBS (Doubleline Etf Trust - Mortgage ETF) and PCRB (Putnam ESG Core Bond ETF -) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. DMBS charges 0.49%/yr vs 0.35%/yr for PCRB.
Performance
DMBS vs. PCRB - Performance Comparison
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Returns By Period
DMBS
- 1D
- 0.39%
- 1M
- -0.20%
- 6M
- 0.02%
- YTD
- 0.54%
- 1Y
- 5.58%
- 3Y*
- 4.50%
- 5Y*
- —
- 10Y*
- —
PCRB
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DMBS vs. PCRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DMBS Doubleline Etf Trust - Mortgage ETF | 0.54% | 8.54% | 2.09% | 1.27% |
PCRB Putnam ESG Core Bond ETF - | -0.48% | 7.21% | 1.91% | 2.22% |
Correlation
The correlation between DMBS and PCRB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023 | 0.91 |
The correlation between DMBS and PCRB has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
DMBS vs. PCRB — Risk / Return Rank
DMBS
PCRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DMBS vs. PCRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Etf Trust - Mortgage ETF (DMBS) and Putnam ESG Core Bond ETF - (PCRB). 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 | PCRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | — | — |
| Martin ratioReturn relative to average drawdown | 5.63 | — | — |
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Drawdowns
DMBS vs. PCRB - Drawdown Comparison
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Drawdown Indicators
| DMBS | PCRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.23% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.69% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | — | — |
Volatility
DMBS vs. PCRB - Volatility Comparison
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Volatility by Period
| DMBS | PCRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | — | — |
DMBS vs. PCRB - Expense Ratio Comparison
DMBS has a 0.49% expense ratio, which is higher than PCRB's 0.35% expense ratio.
Dividends
DMBS vs. PCRB - Dividend Comparison
DMBS's dividend yield for the trailing twelve months is around 5.15%, while PCRB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DMBS Doubleline Etf Trust - Mortgage ETF | 5.15% | 4.96% | 4.97% | 2.82% |
PCRB Putnam ESG Core Bond ETF - | 9.42% | 4.30% | 4.38% | 3.65% |
Frequently Asked Questions
DMBS and PCRB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PCRB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PCRB is cheaper with a 0.35% expense ratio, compared with 0.49% for DMBS.
PCRB has the higher dividend yield at 9.42%, compared with 5.15% for DMBS.
They also come from different issuers: DoubleLine and Putnam. Their fees differ too: 0.49% for DMBS and 0.35% for PCRB.
Find the right allocation for DMBS and PCRB
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