DMX vs. TMB
DMX (DoubleLine Multi-Sector Income ETF) and TMB (Thornburg Multi Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. DMX charges 0.50%/yr vs 0.55%/yr for TMB.
Performance
DMX vs. TMB - Performance Comparison
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Returns By Period
DMX
- 1D
- -0.03%
- 1M
- 0.47%
- YTD
- 1.46%
- 6M
- 2.02%
- 1Y
- 6.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMB
- 1D
- -0.23%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DMX vs. TMB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DMX DoubleLine Multi-Sector Income ETF | -0.14% |
TMB Thornburg Multi Sector Bond ETF | 0.17% |
Correlation
The correlation between DMX and TMB is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 27, 2026 | 0.03 |
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Return for Risk
DMX vs. TMB — Risk / Return Rank
DMX
TMB
DMX vs. TMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Multi-Sector Income ETF (DMX) and Thornburg Multi Sector Bond ETF (TMB). 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 | TMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.62 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | — | — |
| Martin ratioReturn relative to average drawdown | 21.23 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DMX | TMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.85 | 3.18 | -1.33 |
Drawdowns
DMX vs. TMB - Drawdown Comparison
The maximum DMX drawdown since its inception was -2.65%, which is greater than TMB's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for DMX and TMB.
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Drawdown Indicators
| DMX | TMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.65% | -0.24% | -2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.24% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -0.06% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | — | — |
Volatility
DMX vs. TMB - Volatility Comparison
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Volatility by Period
| DMX | TMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 2.52% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 2.52% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 2.52% | +0.62% |
DMX vs. TMB - Expense Ratio Comparison
DMX has a 0.50% expense ratio, which is lower than TMB's 0.55% expense ratio.
Dividends
DMX vs. TMB - Dividend Comparison
DMX's dividend yield for the trailing twelve months is around 5.90%, more than TMB's 0.36% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DMX DoubleLine Multi-Sector Income ETF | 5.90% | 5.96% | 0.42% |
TMB Thornburg Multi Sector Bond ETF | 0.36% | 0.00% | 0.00% |
Frequently Asked Questions
DMX and TMB have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DMX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DMX is cheaper with a 0.50% expense ratio, compared with 0.55% for TMB.
DMX has the higher dividend yield at 5.90%, compared with 0.36% for TMB.
They also come from different issuers: DoubleLine and Thornburg. Their fees differ too: 0.50% for DMX and 0.55% for TMB.
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