DMBS vs. USFI

Last updated Aug 2, 2026

DMBS (Doubleline Etf Trust - Mortgage ETF) and USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) are both exchange-traded funds - DMBS is a Intermediate Core Bond fund actively managed by DoubleLine, while USFI is a Actively Managed fund actively managed by BrandywineGLOBAL. Both are actively managed. Over the past 3 years, DMBS returned 4.54%/yr vs 3.91%/yr for USFI. Their correlation of 0.89 means they have usually moved in the same direction. DMBS charges 0.49%/yr vs 0.39%/yr for USFI.

Performance

DMBS vs. USFI - Performance Comparison

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

Returns By Period

In the year-to-date period, DMBS achieves a -0.38% return, which is significantly lower than USFI's 0.56% 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%

USFI

• 1D: -0.06%
• 1M: -0.83%
• 6M: 0.47%
• YTD: 0.56%
• 1Y: 2.86%
• 3Y*: 3.91%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DMBS Doubleline Etf Trust - Mortgage ETF	$3.27M	$2.67M	$3.33M
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	$231.12	$248.47	$6.98K

DMBS vs. USFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DMBS Doubleline Etf Trust - Mortgage ETF	-0.38%	8.54%	2.09%	2.29%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	0.56%	6.96%	1.11%	2.95%

Correlation

The correlation between DMBS and USFI is 0.83, 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.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.89

The correlation between DMBS and USFI has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

DMBS vs. USFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DMBS

DMBS Risk / Return Rank: 37
DMBS Sharpe Ratio Rank: 38
DMBS Sortino Ratio Rank: 38
DMBS Omega Ratio Rank: 36
DMBS Calmar Ratio Rank: 36
DMBS Martin Ratio Rank: 36

USFI

USFI Risk / Return Rank: 60
USFI Sharpe Ratio Rank: 48
USFI Sortino Ratio Rank: 55
USFI Omega Ratio Rank: 48
USFI Calmar Ratio Rank: 87
USFI Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DMBS vs. USFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Etf Trust - Mortgage ETF (DMBS) and BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). 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	USFI	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.19	-0.24
Sortino ratio: Return per unit of downside risk	1.40	1.92	-0.51
Omega ratio: Gain probability vs. loss probability	1.17	1.22	-0.05
Calmar ratio: Return relative to maximum drawdown	1.25	3.46	-2.21
Martin ratio: Return relative to average drawdown	3.65	8.04	-4.39

DMBS vs. USFI - Sharpe Ratio Comparison

The current DMBS Sharpe Ratio is 0.96, which is comparable to the USFI Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of DMBS and USFI, 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. USFI - Drawdown Comparison

The maximum DMBS drawdown since its inception was -8.14%, roughly equal to the maximum USFI drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for DMBS and USFI.

Drawdown Indicators

	DMBS	USFI	Difference
Max Drawdown Largest peak-to-trough decline	-8.14%	-8.47%	+0.33%
Max Drawdown (1Y) Largest decline over 1 year	-3.20%	-1.11%	-2.09%
Max Drawdown (3Y) Largest decline over 3 years	-6.19%	-7.69%	+1.50%
Current Drawdown Current decline from peak	-2.46%	-1.00%	-1.46%
Average Drawdown Average peak-to-trough decline	-1.69%	-2.06%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	0.47%	+0.62%

Volatility

DMBS vs. USFI - Volatility Comparison

Doubleline Etf Trust - Mortgage ETF (DMBS) has a higher volatility of 1.31% compared to BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) at 0.74%. This indicates that DMBS's price experiences larger fluctuations and is considered to be riskier than USFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMBS	USFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	0.74%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	3.37%	1.66%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	3.20%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.21%	6.84%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	6.84%	-0.63%

DMBS vs. USFI - Expense Ratio Comparison

DMBS has a 0.49% expense ratio, which is higher than USFI's 0.39% expense ratio.

Dividends

DMBS vs. USFI - Dividend Comparison

DMBS's dividend yield for the trailing twelve months is around 5.19%, more than USFI's 4.46% yield.

Position	TTM	2025	2024	2023
DMBS Doubleline Etf Trust - Mortgage ETF	4.78%	4.96%	4.97%	2.82%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.04%	4.42%	4.60%	1.83%

Frequently Asked Questions

Can I hold both DMBS and USFI in my portfolio?

DMBS and USFI have a correlation of 0.83, 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 USFI?

DMBS has higher volatility (1.31%) compared to USFI (0.74%). In terms of maximum drawdown, DMBS dropped -8.14% vs USFI's -8.47%.

Which ETF is better, DMBS or USFI?

On 3-year performance, DMBS leads with 4.54% vs 3.91% for USFI. On fees, USFI is cheaper at 0.39% per year. On volatility, USFI has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DMBS or USFI?

Over the 3-year period, DMBS has performed better with a 4.54% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DMBS or USFI?

USFI is cheaper with a 0.39% expense ratio, compared with 0.49% for DMBS.

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

DMBS has the higher dividend yield at 4.78%, compared with 4.04% for USFI.

What is the main difference between DMBS and USFI?

DMBS is categorized as Intermediate Core Bond, while USFI is Actively Managed. They also come from different issuers: DoubleLine and BrandywineGLOBAL. Their fees differ too: 0.49% for DMBS and 0.39% for USFI.

Which has better risk-adjusted returns?

USFI currently has the higher Sharpe Ratio (1.19 vs 0.96), 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.