DMX vs. DFVE

Last updated Aug 5, 2026

DMX (DoubleLine Multi-Sector Income ETF) and DFVE (Doubleline Fortune 500 Equal Weight ETF) are both exchange-traded funds - DMX is a Multisector Bonds fund actively managed by DoubleLine, while DFVE is a Large Cap Blend Equities fund tracking the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross. DMX is actively managed, while DFVE is passively managed. Over the past year, DMX returned 5.28% vs 27.04% for DFVE. Their 0.55 correlation means they have sometimes moved together and sometimes differently. DMX charges 0.50%/yr vs 0.20%/yr for DFVE.

Performance

DMX vs. DFVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Multi-Sector Income ETF (DMX) and Doubleline Fortune 500 Equal Weight ETF (DFVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DMX achieves a 2.22% return, which is significantly lower than DFVE's 17.82% return.

DMX

• 1D: 0.18%
• 1M: 0.25%
• 6M: 1.84%
• YTD: 2.22%
• 1Y: 5.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.58%

DFVE

• 1D: 1.30%
• 1M: 3.56%
• 6M: 12.05%
• YTD: 17.82%
• 1Y: 27.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.02%

*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)
DFVE Doubleline Fortune 500 Equal Weight ETF	$90.93K	$90.51K	$185.73K
DMX DoubleLine Multi-Sector Income ETF	$361.76K	$462.25K	$600.12K

DMX vs. DFVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DMX DoubleLine Multi-Sector Income ETF	2.22%	7.23%	-0.11%
DFVE Doubleline Fortune 500 Equal Weight ETF	17.82%	14.51%	-6.72%

Correlation

The correlation between DMX and DFVE is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.55

The correlation between DMX and DFVE has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.

Return for Risk

DMX vs. DFVE — Risk / Return Rank

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

DMX

DMX Risk / Return Rank: 90
DMX Sharpe Ratio Rank: 87
DMX Sortino Ratio Rank: 91
DMX Omega Ratio Rank: 91
DMX Calmar Ratio Rank: 89
DMX Martin Ratio Rank: 91

DFVE

DFVE Risk / Return Rank: 84
DFVE Sharpe Ratio Rank: 85
DFVE Sortino Ratio Rank: 86
DFVE Omega Ratio Rank: 82
DFVE Calmar Ratio Rank: 84
DFVE Martin Ratio Rank: 84

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.

DMX vs. DFVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Multi-Sector Income ETF (DMX) and Doubleline Fortune 500 Equal Weight ETF (DFVE). 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.

	DMX	DFVE	Difference
Sharpe ratio: Return per unit of total volatility	2.26	2.18	+0.08
Sortino ratio: Return per unit of downside risk	3.57	3.17	+0.40
Omega ratio: Gain probability vs. loss probability	1.47	1.39	+0.08
Calmar ratio: Return relative to maximum drawdown	4.13	3.49	+0.64
Martin ratio: Return relative to average drawdown	16.51	12.91	+3.60

DMX vs. DFVE - Sharpe Ratio Comparison

The current DMX Sharpe Ratio is 2.26, which is comparable to the DFVE Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of DMX and DFVE, 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

DMX vs. DFVE - Drawdown Comparison

The maximum DMX drawdown since its inception was -2.65%, smaller than the maximum DFVE drawdown of -19.43%. Use the drawdown chart below to compare losses from any high point for DMX and DFVE.

Drawdown Indicators

	DMX	DFVE	Difference
Max Drawdown Largest peak-to-trough decline	-2.65%	-19.43%	+16.78%
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	-7.79%	+6.51%
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.24%	-2.62%	+2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	2.10%	-1.78%

Volatility

DMX vs. DFVE - Volatility Comparison

The current volatility for DoubleLine Multi-Sector Income ETF (DMX) is 0.53%, while Doubleline Fortune 500 Equal Weight ETF (DFVE) has a volatility of 3.27%. This indicates that DMX experiences smaller price fluctuations and is considered to be less risky than DFVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMX	DFVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.53%	3.27%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	1.78%	9.01%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	2.35%	12.51%	-10.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.04%	15.29%	-12.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.04%	15.29%	-12.25%

DMX vs. DFVE - Expense Ratio Comparison

DMX has a 0.50% expense ratio, which is higher than DFVE's 0.20% expense ratio.

Dividends

DMX vs. DFVE - Dividend Comparison

DMX's dividend yield for the trailing twelve months is around 5.85%, more than DFVE's 1.33% yield.

Position	TTM	2025	2024
DFVE Doubleline Fortune 500 Equal Weight ETF	1.33%	1.52%	1.53%
DMX DoubleLine Multi-Sector Income ETF	5.85%	5.96%	0.42%

Frequently Asked Questions

Can I hold both DMX and DFVE in my portfolio?

DMX and DFVE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DMX or DFVE?

DFVE has higher volatility (3.27%) compared to DMX (0.53%). In terms of maximum drawdown, DMX dropped -2.65% vs DFVE's -19.43%.

Which ETF is better, DMX or DFVE?

On 1-year performance, DFVE leads with 27.04% vs 5.28% for DMX. On fees, DFVE is cheaper at 0.20% per year. On volatility, DMX has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DMX or DFVE?

Over the 1-year period, DFVE has performed better with a 27.04% return vs 5.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DMX or DFVE?

DFVE is cheaper with a 0.20% expense ratio, compared with 0.50% for DMX.

Which ETF pays a higher dividend yield, DMX or DFVE?

DMX has the higher dividend yield at 5.85%, compared with 1.33% for DFVE.

What is the main difference between DMX and DFVE?

DMX is categorized as Multisector Bonds, while DFVE is Large Cap Blend Equities. Their fees differ too: 0.50% for DMX and 0.20% for DFVE.

Which has better risk-adjusted returns?

DMX currently has the higher Sharpe Ratio (2.26 vs 2.18), 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.