FTRB vs. DBND

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes Total Return Bond ETF (FTRB) and DoubleLine Opportunistic Bond ETF (DBND).

FTRB and DBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTRB is an actively managed fund by Federated. It was launched on Jan 2, 2024. DBND is a passively managed fund by DoubleLine that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Mar 31, 2022.

Performance

FTRB vs. DBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Total Return Bond ETF (FTRB) and DoubleLine Opportunistic Bond ETF (DBND). The values are adjusted to include any dividend payments, if applicable.

FTRB vs. DBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTRB Federated Hermes Total Return Bond ETF	-0.07%	7.60%	2.56%
DBND DoubleLine Opportunistic Bond ETF	-0.49%	7.41%	3.76%

Returns By Period

In the year-to-date period, FTRB achieves a -0.07% return, which is significantly higher than DBND's -0.49% return.

FTRB

• 1D: 0.47%
• 1M: -1.72%
• YTD: -0.07%
• 6M: 1.22%
• 1Y: 4.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBND

• 1D: 0.33%
• 1M: -2.07%
• YTD: -0.49%
• 6M: 0.76%
• 1Y: 4.02%
• 3Y*: 4.30%
• 5Y*: —
• 10Y*: —

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

FTRB vs. DBND - Expense Ratio Comparison

FTRB has a 0.39% expense ratio, which is lower than DBND's 0.50% expense ratio.

DBND

DoubleLine Opportunistic Bond ETF

FTRB

Federated Hermes Total Return Bond ETF

Return for Risk

FTRB vs. DBND — Risk / Return Rank

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

FTRB

FTRB Risk / Return Rank: 62
FTRB Sharpe Ratio Rank: 66
FTRB Sortino Ratio Rank: 61
FTRB Omega Ratio Rank: 60
FTRB Calmar Ratio Rank: 68
FTRB Martin Ratio Rank: 55

DBND

DBND Risk / Return Rank: 57
DBND Sharpe Ratio Rank: 63
DBND Sortino Ratio Rank: 60
DBND Omega Ratio Rank: 54
DBND Calmar Ratio Rank: 61
DBND Martin Ratio Rank: 50

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.

FTRB vs. DBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond ETF (FTRB) 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.

	FTRB	DBND	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.09	+0.10
Sortino ratio Return per unit of downside risk	1.62	1.54	+0.08
Omega ratio Gain probability vs. loss probability	1.23	1.20	+0.03
Calmar ratio Return relative to maximum drawdown	1.78	1.52	+0.27
Martin ratio Return relative to average drawdown	5.49	4.82	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTRB vs. DBND - Sharpe Ratio Comparison

The current FTRB Sharpe Ratio is 1.19, which is comparable to the DBND Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of FTRB and DBND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTRB	DBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.09	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.48	+0.50

Correlation

The correlation between FTRB and DBND is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FTRB vs. DBND - Dividend Comparison

FTRB's dividend yield for the trailing twelve months is around 4.43%, less than DBND's 4.77% yield.

	TTM	2025	2024	2023	2022
FTRB Federated Hermes Total Return Bond ETF	4.43%	4.46%	4.40%	0.00%	0.00%
DBND DoubleLine Opportunistic Bond ETF	4.77%	4.78%	5.19%	4.39%	2.74%

Drawdowns

FTRB vs. DBND - Drawdown Comparison

The maximum FTRB drawdown since its inception was -4.83%, smaller than the maximum DBND drawdown of -9.39%. Use the drawdown chart below to compare losses from any high point for FTRB and DBND.

Drawdown Indicators

	FTRB	DBND	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-9.39%	+4.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-2.78%	+0.01%
Current Drawdown Current decline from peak	-1.72%	-2.07%	+0.35%
Average Drawdown Average peak-to-trough decline	-1.27%	-2.29%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	0.88%	+0.02%

Volatility

FTRB vs. DBND - Volatility Comparison

Federated Hermes Total Return Bond ETF (FTRB) has a higher volatility of 1.67% compared to DoubleLine Opportunistic Bond ETF (DBND) at 1.46%. This indicates that FTRB'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

	FTRB	DBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	1.46%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	2.34%	2.18%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	3.71%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.62%	5.15%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.62%	5.15%	-0.53%