HFSP vs. DCRE

Last updated Jul 17, 2026

HFSP (TradersAI Large Cap Equity & Cash ETF) and DCRE (DoubleLine Commercial Real Estate ETF) are both exchange-traded funds - HFSP is a Long-Short fund actively managed by TradersAI, while DCRE is a Short-Term Bond fund actively managed by DoubleLine. Both are actively managed. Over the past year, HFSP returned -23.08% vs 4.52% for DCRE. At a correlation of -0.08, they often move in opposite directions. HFSP charges 1.25%/yr vs 0.40%/yr for DCRE.

Performance

HFSP vs. DCRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TradersAI Large Cap Equity & Cash ETF (HFSP) and DoubleLine Commercial Real Estate ETF (DCRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFSP achieves a -9.12% return, which is significantly lower than DCRE's 1.88% return.

HFSP

• 1D: 0.04%
• 1M: -0.54%
• 6M: -10.96%
• YTD: -9.12%
• 1Y: -23.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DCRE

• 1D: -0.08%
• 1M: 0.23%
• 6M: 1.52%
• YTD: 1.88%
• 1Y: 4.52%
• 3Y*: 6.08%
• 5Y*: —
• 10Y*: —

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

HFSP vs. DCRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HFSP TradersAI Large Cap Equity & Cash ETF	-9.12%	-24.01%	0.75%
DCRE DoubleLine Commercial Real Estate ETF	1.88%	5.86%	1.09%

Correlation

The correlation between HFSP and DCRE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	-0.08

Return for Risk

HFSP vs. DCRE — Risk / Return Rank

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

HFSP

HFSP Risk / Return Rank: 1
HFSP Sharpe Ratio Rank: 0
HFSP Sortino Ratio Rank: 1
HFSP Omega Ratio Rank: 1
HFSP Calmar Ratio Rank: 2
HFSP Martin Ratio Rank: 1

DCRE

DCRE Risk / Return Rank: 97
DCRE Sharpe Ratio Rank: 97
DCRE Sortino Ratio Rank: 98
DCRE Omega Ratio Rank: 97
DCRE Calmar Ratio Rank: 96
DCRE Martin Ratio Rank: 96

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.

HFSP vs. DCRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TradersAI Large Cap Equity & Cash ETF (HFSP) and DoubleLine Commercial Real Estate ETF (DCRE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HFSP	DCRE	Difference
Sharpe ratio: Return per unit of total volatility	-1.33	3.83	-5.15
Sortino ratio: Return per unit of downside risk	-1.73	6.65	-8.38
Omega ratio: Gain probability vs. loss probability	0.77	1.86	-1.09
Calmar ratio: Return relative to maximum drawdown	-0.87	6.66	-7.53
Martin ratio: Return relative to average drawdown	-1.41	24.12	-25.53

HFSP vs. DCRE - Sharpe Ratio Comparison

The current HFSP Sharpe Ratio is -1.33, which is lower than the DCRE Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of HFSP and DCRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HFSP vs. DCRE - Drawdown Comparison

The maximum HFSP drawdown since its inception was -35.57%, which is greater than DCRE's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for HFSP and DCRE.

Drawdown Indicators

	HFSP	DCRE	Difference
Max Drawdown Largest peak-to-trough decline	-35.57%	-0.84%	-34.73%
Max Drawdown (1Y) Largest decline over 1 year	-26.66%	-0.68%	-25.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.84%	—
Current Drawdown Current decline from peak	-34.51%	-0.08%	-34.43%
Average Drawdown Average peak-to-trough decline	-18.17%	-0.11%	-18.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.39%	0.19%	+16.20%

Volatility

HFSP vs. DCRE - Volatility Comparison

TradersAI Large Cap Equity & Cash ETF (HFSP) has a higher volatility of 4.44% compared to DoubleLine Commercial Real Estate ETF (DCRE) at 0.41%. This indicates that HFSP's price experiences larger fluctuations and is considered to be riskier than DCRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFSP	DCRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	0.41%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	12.82%	0.96%	+11.86%
Volatility (1Y) Calculated over the trailing 1-year period	17.50%	1.19%	+16.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.07%	1.58%	+22.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.07%	1.58%	+22.49%

HFSP vs. DCRE - Expense Ratio Comparison

HFSP has a 1.25% expense ratio, which is higher than DCRE's 0.40% expense ratio.

Dividends

HFSP vs. DCRE - Dividend Comparison

HFSP has not paid dividends to shareholders, while DCRE's dividend yield for the trailing twelve months is around 4.75%.

Position	TTM	2025	2024	2023
DCRE DoubleLine Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%
HFSP TradersAI Large Cap Equity & Cash ETF	0.00%	0.00%	1.53%	0.00%

Frequently Asked Questions

Can I hold both HFSP and DCRE in my portfolio?

HFSP and DCRE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFSP or DCRE?

HFSP has higher volatility (4.44%) compared to DCRE (0.41%). In terms of maximum drawdown, HFSP dropped -35.57% vs DCRE's -0.84%.

Which ETF is better, HFSP or DCRE?

On 1-year performance, DCRE leads with 4.52% vs -23.08% for HFSP. On fees, DCRE is cheaper at 0.40% per year. On volatility, DCRE has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HFSP or DCRE?

Over the 1-year period, DCRE has performed better with a 4.52% return vs -23.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HFSP or DCRE?

DCRE is cheaper with a 0.40% expense ratio, compared with 1.25% for HFSP.

Which ETF pays a higher dividend yield, HFSP or DCRE?

DCRE has the higher dividend yield at 4.75%, compared with 0.00% for HFSP.

What is the main difference between HFSP and DCRE?

HFSP is categorized as Long-Short, while DCRE is Short-Term Bond. They also come from different issuers: TradersAI and DoubleLine. Their fees differ too: 1.25% for HFSP and 0.40% for DCRE.

Which has better risk-adjusted returns?

DCRE currently has the higher Sharpe Ratio (3.83 vs -1.32), 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.