DMX vs. FIXP

Last updated Jun 4, 2026

DMX (DoubleLine Multi-Sector Income ETF) and FIXP (FolioBeyond Enhanced Fixed Income Premium ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, DMX returned 6.47% vs 6.63% for FIXP. At a 0.48 correlation, their price movements are largely independent. DMX charges 0.50%/yr vs 1.01%/yr for FIXP.

Performance

DMX vs. FIXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Multi-Sector Income ETF (DMX) and FolioBeyond Enhanced Fixed Income Premium ETF (FIXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DMX achieves a 1.46% return, which is significantly higher than FIXP's 1.33% return.

DMX

• 1D: -0.03%
• 1M: 0.47%
• YTD: 1.46%
• 6M: 2.02%
• 1Y: 6.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIXP

• 1D: -0.12%
• 1M: -0.16%
• YTD: 1.33%
• 6M: 1.89%
• 1Y: 6.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DMX vs. FIXP - Yearly Performance Comparison

	2026 (YTD)	2025
DMX DoubleLine Multi-Sector Income ETF	1.46%	6.56%
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	1.33%	4.72%

Correlation

The correlation between DMX and FIXP is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.48

Return for Risk

DMX vs. FIXP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DMX

DMX Risk / Return Rank: 90
DMX Sharpe Ratio Rank: 86
DMX Sortino Ratio Rank: 92
DMX Omega Ratio Rank: 92
DMX Calmar Ratio Rank: 88
DMX Martin Ratio Rank: 91

FIXP

FIXP Risk / Return Rank: 70
FIXP Sharpe Ratio Rank: 68
FIXP Sortino Ratio Rank: 73
FIXP Omega Ratio Rank: 74
FIXP Calmar Ratio Rank: 64
FIXP Martin Ratio Rank: 72

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.

DMX vs. FIXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Multi-Sector Income ETF (DMX) and FolioBeyond Enhanced Fixed Income Premium ETF (FIXP). 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.

	DMX	FIXP	Difference
Sharpe ratio Return per unit of total volatility	2.83	2.22	+0.61
Sortino ratio Return per unit of downside risk	4.51	3.27	+1.24
Omega ratio Gain probability vs. loss probability	1.62	1.44	+0.18
Calmar ratio Return relative to maximum drawdown	5.06	3.11	+1.94
Martin ratio Return relative to average drawdown	21.23	13.24	+7.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DMX vs. FIXP - Sharpe Ratio Comparison

The current DMX Sharpe Ratio is 2.83, which is comparable to the FIXP Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of DMX and FIXP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DMX	FIXP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	2.22	+0.61
Sharpe Ratio (All Time) Calculated using the full available price history	1.85	1.18	+0.67

Drawdowns

DMX vs. FIXP - Drawdown Comparison

The maximum DMX drawdown since its inception was -2.65%, smaller than the maximum FIXP drawdown of -3.42%. Use the drawdown chart below to compare losses from any high point for DMX and FIXP.

Drawdown Indicators

	DMX	FIXP	Difference
Max Drawdown Largest peak-to-trough decline	-2.65%	-3.42%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	-2.14%	+0.86%
Current Drawdown Current decline from peak	-0.14%	-0.56%	+0.42%
Average Drawdown Average peak-to-trough decline	-0.24%	-0.53%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.50%	-0.19%

Volatility

DMX vs. FIXP - Volatility Comparison

The current volatility for DoubleLine Multi-Sector Income ETF (DMX) is 0.87%, while FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) has a volatility of 0.93%. This indicates that DMX experiences smaller price fluctuations and is considered to be less risky than FIXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMX	FIXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	0.93%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	2.48%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	2.30%	3.02%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.14%	3.79%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.14%	3.79%	-0.65%

DMX vs. FIXP - Expense Ratio Comparison

DMX has a 0.50% expense ratio, which is lower than FIXP's 1.01% expense ratio.

Dividends

DMX vs. FIXP - Dividend Comparison

DMX's dividend yield for the trailing twelve months is around 5.90%, more than FIXP's 5.39% yield.

Position	TTM	2025	2024
DMX DoubleLine Multi-Sector Income ETF	5.90%	5.96%	0.42%
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	5.39%	5.27%	0.00%

Frequently Asked Questions

Can I hold both DMX and FIXP in my portfolio?

DMX and FIXP have a correlation of 0.47, 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 FIXP?

FIXP has higher volatility (0.93%) compared to DMX (0.87%). In terms of maximum drawdown, DMX dropped -2.65% vs FIXP's -3.42%.

Which ETF is better, DMX or FIXP?

On 1-year performance, FIXP leads with 6.63% vs 6.47% for DMX. On fees, DMX is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DMX or FIXP?

Over the 1-year period, FIXP has performed better with a 6.63% return vs 6.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DMX or FIXP?

DMX is cheaper with a 0.50% expense ratio, compared with 1.01% for FIXP.

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

DMX has the higher dividend yield at 5.90%, compared with 5.39% for FIXP.

What is the main difference between DMX and FIXP?

They also come from different issuers: DoubleLine and FolioBeyond. Their fees differ too: 0.50% for DMX and 1.01% for FIXP.

Which has better risk-adjusted returns?

DMX currently has the higher Sharpe Ratio (2.83 vs 2.22), 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.