GBIL vs. DCMB

Last updated Jun 4, 2026

GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) and DCMB (Doubleline Commercial Real Estate ETF) are both exchange-traded funds - GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index, while DCMB is a Short-Term Bond fund actively managed by DoubleLine. GBIL is passively managed, while DCMB is actively managed. Over the past 3 years, GBIL returned 4.64%/yr vs 6.20%/yr for DCMB. At a 0.27 correlation, their price movements are largely independent. GBIL charges 0.12%/yr vs 0.40%/yr for DCMB.

Performance

GBIL vs. DCMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and Doubleline Commercial Real Estate ETF (DCMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GBIL having a 1.42% return and DCMB slightly lower at 1.39%.

GBIL

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.42%
• 6M: 1.73%
• 1Y: 3.91%
• 3Y*: 4.64%
• 5Y*: 3.32%
• 10Y*: —

DCMB

• 1D: -0.02%
• 1M: 0.11%
• YTD: 1.39%
• 6M: 1.51%
• 1Y: 4.74%
• 3Y*: 6.20%
• 5Y*: —
• 10Y*: —

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

GBIL vs. DCMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	1.42%	4.12%	5.24%	3.72%
DCMB Doubleline Commercial Real Estate ETF	1.39%	5.86%	6.86%	5.27%

Correlation

The correlation between GBIL and DCMB is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023	0.27

Return for Risk

GBIL vs. DCMB — Risk / Return Rank

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

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

DCMB

DCMB Risk / Return Rank: 96
DCMB Sharpe Ratio Rank: 96
DCMB Sortino Ratio Rank: 98
DCMB Omega Ratio Rank: 97
DCMB Calmar Ratio Rank: 93
DCMB Martin Ratio Rank: 94

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.

GBIL vs. DCMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and Doubleline Commercial Real Estate ETF (DCMB). 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.

	GBIL	DCMB	Difference
Sharpe ratio: Return per unit of total volatility	16.89	4.16	+12.72
Sortino ratio: Return per unit of downside risk	102.89	7.17	+95.72
Omega ratio: Gain probability vs. loss probability	39.42	1.96	+37.47
Calmar ratio: Return relative to maximum drawdown	196.43	6.98	+189.45
Martin ratio: Return relative to average drawdown	1,608.66	25.78	+1,582.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBIL vs. DCMB - Sharpe Ratio Comparison

The current GBIL Sharpe Ratio is 16.89, which is higher than the DCMB Sharpe Ratio of 4.16. The chart below compares the historical Sharpe Ratios of GBIL and DCMB, 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

	GBIL	DCMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	16.89	4.16	+12.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	5.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.87	3.90	+0.97

Drawdowns

GBIL vs. DCMB - Drawdown Comparison

The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum DCMB drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for GBIL and DCMB.

Drawdown Indicators

	GBIL	DCMB	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-0.84%	+0.08%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-0.68%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	-0.84%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-0.76%	—	—
Current Drawdown Current decline from peak	0.00%	-0.20%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.11%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	0.18%	-0.18%

Volatility

GBIL vs. DCMB - Volatility Comparison

The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.04%, while Doubleline Commercial Real Estate ETF (DCMB) has a volatility of 0.47%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than DCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBIL	DCMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.04%	0.47%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	0.14%	0.88%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	0.23%	1.14%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	1.58%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.47%	1.58%	-1.11%

GBIL vs. DCMB - Expense Ratio Comparison

GBIL has a 0.12% expense ratio, which is lower than DCMB's 0.40% expense ratio.

Dividends

GBIL vs. DCMB - Dividend Comparison

GBIL's dividend yield for the trailing twelve months is around 3.74%, less than DCMB's 4.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DCMB Doubleline Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	3.74%	4.02%	4.93%	4.77%	1.37%	0.00%	0.81%	2.20%	1.70%	0.74%	0.11%

Frequently Asked Questions

Can I hold both GBIL and DCMB in my portfolio?

GBIL and DCMB have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GBIL or DCMB?

DCMB has higher volatility (0.47%) compared to GBIL (0.04%). In terms of maximum drawdown, GBIL dropped -0.76% vs DCMB's -0.84%.

Which ETF is better, GBIL or DCMB?

On 3-year performance, DCMB leads with 6.20% vs 4.64% for GBIL. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GBIL or DCMB?

Over the 3-year period, DCMB has performed better with a 6.20% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GBIL or DCMB?

GBIL is cheaper with a 0.12% expense ratio, compared with 0.40% for DCMB.

Which ETF pays a higher dividend yield, GBIL or DCMB?

DCMB has the higher dividend yield at 4.75%, compared with 3.74% for GBIL.

What is the main difference between GBIL and DCMB?

GBIL is categorized as Government Bonds, while DCMB is Short-Term Bond. They also come from different issuers: Goldman Sachs and DoubleLine. Their fees differ too: 0.12% for GBIL and 0.40% for DCMB.

Which has better risk-adjusted returns?

GBIL currently has the higher Sharpe Ratio (16.89 vs 4.16), 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.