DMX vs. VGMS

Last updated Jun 4, 2026

DMX (DoubleLine Multi-Sector Income ETF) and VGMS (Vanguard Multi-Sector Income Bond ETF) are both Multisector Bonds funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. DMX charges 0.50%/yr vs 0.30%/yr for VGMS.

Performance

DMX vs. VGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Multi-Sector Income ETF (DMX) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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 VGMS's 1.06% return.

DMX

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

VGMS

• 1D: -0.36%
• 1M: 0.29%
• YTD: 1.06%
• 6M: 1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DMX vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
DMX DoubleLine Multi-Sector Income ETF	1.46%	4.72%
VGMS Vanguard Multi-Sector Income Bond ETF	1.06%	5.44%

Correlation

The correlation between DMX and VGMS is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.70

Return for Risk

DMX vs. VGMS — 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

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. VGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Multi-Sector Income ETF (DMX) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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	VGMS	Difference
Sharpe ratio: Return per unit of total volatility	2.83	—	—
Sortino ratio: Return per unit of downside risk	4.51	—	—
Omega ratio: Gain probability vs. loss probability	1.62	—	—
Calmar ratio: Return relative to maximum drawdown	5.06	—	—
Martin ratio: Return 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.

Sharpe Ratios by Period

	DMX	VGMS	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	2.11	-0.26

Drawdowns

DMX vs. VGMS - Drawdown Comparison

The maximum DMX drawdown since its inception was -2.65%, which is greater than VGMS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for DMX and VGMS.

Drawdown Indicators

	DMX	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-2.65%	-2.46%	-0.19%
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.39%	+0.25%
Average Drawdown Average peak-to-trough decline	-0.24%	-0.31%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	—	—

Volatility

Volatility by Period

	DMX	VGMS	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%	3.21%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.14%	3.21%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.14%	3.21%	-0.07%

DMX vs. VGMS - Expense Ratio Comparison

DMX has a 0.50% expense ratio, which is higher than VGMS's 0.30% expense ratio.

Dividends

DMX vs. VGMS - Dividend Comparison

DMX's dividend yield for the trailing twelve months is around 5.90%, more than VGMS's 5.16% yield.

Position	TTM	2025	2024
DMX DoubleLine Multi-Sector Income ETF	5.90%	5.96%	0.42%
VGMS Vanguard Multi-Sector Income Bond ETF	5.16%	2.94%	0.00%

Frequently Asked Questions

Can I hold both DMX and VGMS in my portfolio?

DMX and VGMS have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DMX or VGMS?

On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMX or VGMS?

VGMS is cheaper with a 0.30% expense ratio, compared with 0.50% for DMX.

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

DMX has the higher dividend yield at 5.90%, compared with 5.16% for VGMS.

What is the main difference between DMX and VGMS?

They also come from different issuers: DoubleLine and Vanguard. Their fees differ too: 0.50% for DMX and 0.30% for VGMS.