FISR vs. DBND

Last updated Jun 5, 2026

FISR (SPDR SSGA Fixed Income Sector Rotation ETF) and DBND (DoubleLine Opportunistic Bond ETF) are both Intermediate Core-Plus Bond funds. FISR is actively managed, while DBND is passively managed. Over the past 3 years, FISR returned 3.41%/yr vs 4.54%/yr for DBND. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

FISR vs. DBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Fixed Income Sector Rotation ETF (FISR) and DoubleLine Opportunistic Bond ETF (DBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FISR achieves a 0.26% return, which is significantly higher than DBND's -0.12% return.

FISR

• 1D: 0.39%
• 1M: 0.39%
• YTD: 0.26%
• 6M: 0.35%
• 1Y: 4.46%
• 3Y*: 3.41%
• 5Y*: -0.70%
• 10Y*: —

DBND

• 1D: 0.09%
• 1M: 0.07%
• YTD: -0.12%
• 6M: 0.14%
• 1Y: 4.38%
• 3Y*: 4.54%
• 5Y*: —
• 10Y*: —

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

FISR vs. DBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FISR SPDR SSGA Fixed Income Sector Rotation ETF	0.26%	6.32%	1.01%	5.28%	-8.66%
DBND DoubleLine Opportunistic Bond ETF	-0.12%	7.41%	3.06%	6.33%	-5.93%

Correlation

The correlation between FISR and DBND is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022	0.91

The correlation between FISR and DBND has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

FISR vs. DBND — Risk / Return Rank

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

FISR

FISR Risk / Return Rank: 29
FISR Sharpe Ratio Rank: 29
FISR Sortino Ratio Rank: 28
FISR Omega Ratio Rank: 27
FISR Calmar Ratio Rank: 30
FISR Martin Ratio Rank: 30

DBND

DBND Risk / Return Rank: 36
DBND Sharpe Ratio Rank: 39
DBND Sortino Ratio Rank: 41
DBND Omega Ratio Rank: 37
DBND Calmar Ratio Rank: 32
DBND Martin Ratio Rank: 31

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.

FISR vs. DBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) and DoubleLine Opportunistic Bond ETF (DBND). 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.

	FISR	DBND	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.35	-0.32
Sortino ratio: Return per unit of downside risk	1.52	2.02	-0.50
Omega ratio: Gain probability vs. loss probability	1.18	1.24	-0.06
Calmar ratio: Return relative to maximum drawdown	1.46	1.55	-0.09
Martin ratio: Return relative to average drawdown	4.24	4.58	-0.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FISR vs. DBND - Sharpe Ratio Comparison

The current FISR Sharpe Ratio is 1.03, which is comparable to the DBND Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FISR and DBND, 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

	FISR	DBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.35	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.48	-0.35

Drawdowns

FISR vs. DBND - Drawdown Comparison

The maximum FISR drawdown since its inception was -20.27%, which is greater than DBND's maximum drawdown of -9.39%. Use the drawdown chart below to compare losses from any high point for FISR and DBND.

Drawdown Indicators

	FISR	DBND	Difference
Max Drawdown Largest peak-to-trough decline	-20.27%	-9.39%	-10.88%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-2.83%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	-6.25%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	—	—
Current Drawdown Current decline from peak	-6.11%	-1.71%	-4.40%
Average Drawdown Average peak-to-trough decline	-7.70%	-2.27%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.96%	+0.09%

Volatility

FISR vs. DBND - Volatility Comparison

SPDR SSGA Fixed Income Sector Rotation ETF (FISR) has a higher volatility of 1.48% compared to DoubleLine Opportunistic Bond ETF (DBND) at 1.08%. This indicates that FISR's price experiences larger fluctuations and is considered to be riskier than DBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISR	DBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	1.08%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	3.24%	2.33%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	3.30%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.59%	5.09%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	5.09%	+1.26%

FISR vs. DBND - Expense Ratio Comparison

Both FISR and DBND have an expense ratio of 0.50%.

Dividends

FISR vs. DBND - Dividend Comparison

FISR's dividend yield for the trailing twelve months is around 4.18%, less than DBND's 4.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DBND DoubleLine Opportunistic Bond ETF	4.78%	4.78%	5.19%	4.39%	2.74%	0.00%	0.00%	0.00%
FISR SPDR SSGA Fixed Income Sector Rotation ETF	4.18%	3.97%	3.59%	3.50%	2.19%	1.87%	2.47%	2.99%

Frequently Asked Questions

Can I hold both FISR and DBND in my portfolio?

With a correlation of 0.91, FISR and DBND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FISR or DBND?

FISR has higher volatility (1.48%) compared to DBND (1.08%). In terms of maximum drawdown, FISR dropped -20.27% vs DBND's -9.39%.

Which ETF is better, FISR or DBND?

On 3-year performance, DBND leads with 4.54% vs 3.41% for FISR. Both ETFs have the same 0.50% expense ratio. On volatility, DBND has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FISR or DBND?

Over the 3-year period, DBND has performed better with a 4.54% return vs 3.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FISR or DBND?

FISR and DBND have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, FISR or DBND?

DBND has the higher dividend yield at 4.78%, compared with 4.18% for FISR.

What is the main difference between FISR and DBND?

They also come from different issuers: State Street and DoubleLine.

Which has better risk-adjusted returns?

DBND currently has the higher Sharpe Ratio (1.35 vs 1.03), 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.