IBCA vs. DMBS
IBCA (iShares iBonds Dec 2035 Term Corporate ETF) and DMBS (Doubleline Etf Trust - Mortgage ETF) are both Intermediate Core Bond funds. IBCA is passively managed, while DMBS is actively managed. Over the past year, IBCA returned 6.55% vs 6.86% for DMBS. Their correlation of 0.86 suggests significant overlap in exposure. IBCA charges 0.10%/yr vs 0.49%/yr for DMBS.
Performance
IBCA vs. DMBS - Performance Comparison
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Returns By Period
In the year-to-date period, IBCA achieves a 0.20% return, which is significantly lower than DMBS's 0.51% return.
IBCA
- 1D
- -0.27%
- 1M
- 0.37%
- YTD
- 0.20%
- 6M
- 0.04%
- 1Y
- 6.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DMBS
- 1D
- -0.20%
- 1M
- 0.21%
- YTD
- 0.51%
- 6M
- 0.61%
- 1Y
- 6.86%
- 3Y*
- 4.62%
- 5Y*
- —
- 10Y*
- —
IBCA vs. DMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBCA iShares iBonds Dec 2035 Term Corporate ETF | 0.20% | 7.15% |
DMBS Doubleline Etf Trust - Mortgage ETF | 0.51% | 6.32% |
Correlation
The correlation between IBCA and DMBS is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | 0.86 |
The correlation between IBCA and DMBS has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
IBCA vs. DMBS — Risk / Return Rank
IBCA
DMBS
IBCA vs. DMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2035 Term Corporate ETF (IBCA) and Doubleline Etf Trust - Mortgage ETF (DMBS). 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.
| IBCA | DMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.15 | -0.09 |
| Martin ratioReturn relative to average drawdown | 6.57 | 7.62 | -1.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBCA | DMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.65 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.62 | +0.45 |
Drawdowns
IBCA vs. DMBS - Drawdown Comparison
The maximum IBCA drawdown since its inception was -3.48%, smaller than the maximum DMBS drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for IBCA and DMBS.
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Drawdown Indicators
| IBCA | DMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -8.14% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -3.20% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.24% | — |
Current DrawdownCurrent decline from peak | -1.42% | -1.59% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -0.81% | -1.70% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.90% | +0.10% |
Volatility
IBCA vs. DMBS - Volatility Comparison
iShares iBonds Dec 2035 Term Corporate ETF (IBCA) and Doubleline Etf Trust - Mortgage ETF (DMBS) have volatilities of 1.62% and 1.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCA | DMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.61% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.02% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 4.18% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 6.28% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 6.28% | -0.52% |
IBCA vs. DMBS - Expense Ratio Comparison
IBCA has a 0.10% expense ratio, which is lower than DMBS's 0.49% expense ratio.
Dividends
IBCA vs. DMBS - Dividend Comparison
IBCA's dividend yield for the trailing twelve months is around 4.67%, less than DMBS's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DMBS Doubleline Etf Trust - Mortgage ETF | 5.12% | 4.96% | 4.97% | 2.82% |
IBCA iShares iBonds Dec 2035 Term Corporate ETF | 4.67% | 3.19% | 0.00% | 0.00% |
Frequently Asked Questions
IBCA and DMBS have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBCA has higher volatility (1.62%) compared to DMBS (1.61%). In terms of maximum drawdown, IBCA dropped -3.48% vs DMBS's -8.14%.
On 1-year performance, DMBS leads with 6.86% vs 6.55% for IBCA. On fees, IBCA is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DMBS has performed better with a 6.86% return vs 6.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBCA is cheaper with a 0.10% expense ratio, compared with 0.49% for DMBS.
DMBS has the higher dividend yield at 5.12%, compared with 4.67% for IBCA.
They also come from different issuers: iShares and DoubleLine. Their fees differ too: 0.10% for IBCA and 0.49% for DMBS.
DMBS currently has the higher Sharpe Ratio (1.65 vs 1.33), 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.
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