LMBS vs. DSCO

Last updated Jul 14, 2026

LMBS (First Trust Low Duration Mortgage Opportunities ETF) and DSCO (DoubleLine Securitized Credit ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. LMBS charges 0.68%/yr vs 0.50%/yr for DSCO.

Performance

LMBS vs. DSCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Low Duration Mortgage Opportunities ETF (LMBS) and DoubleLine Securitized Credit ETF (DSCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LMBS

• 1D: -0.11%
• 1M: -0.08%
• 6M: 0.93%
• YTD: 1.33%
• 1Y: 5.18%
• 3Y*: 5.61%
• 5Y*: 3.09%
• 10Y*: 2.64%

DSCO

• 1D: -0.14%
• 1M: 0.25%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LMBS vs. DSCO - Yearly Performance Comparison

	2026 (YTD)
LMBS First Trust Low Duration Mortgage Opportunities ETF	0.63%
DSCO DoubleLine Securitized Credit ETF	1.23%

Correlation

The correlation between LMBS and DSCO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	0.42

Return for Risk

LMBS vs. DSCO — Risk / Return Rank

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

LMBS

LMBS Risk / Return Rank: 91
LMBS Sharpe Ratio Rank: 93
LMBS Sortino Ratio Rank: 94
LMBS Omega Ratio Rank: 94
LMBS Calmar Ratio Rank: 84
LMBS Martin Ratio Rank: 89

DSCO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

LMBS vs. DSCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) and DoubleLine Securitized Credit ETF (DSCO). 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.

	LMBS	DSCO	Difference
Sharpe ratio: Return per unit of total volatility	2.66	—	—
Sortino ratio: Return per unit of downside risk	3.92	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	3.64	—	—
Martin ratio: Return relative to average drawdown	15.20	—	—

Drawdowns

LMBS vs. DSCO - Drawdown Comparison

The maximum LMBS drawdown since its inception was -6.49%, which is greater than DSCO's maximum drawdown of -1.64%. Use the drawdown chart below to compare losses from any high point for LMBS and DSCO.

Drawdown Indicators

	LMBS	DSCO	Difference
Max Drawdown Largest peak-to-trough decline	-6.49%	-1.64%	-4.85%
Max Drawdown (1Y) Largest decline over 1 year	-1.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-6.49%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.19%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.80%	-0.60%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	—	—

Volatility

Volatility by Period

	LMBS	DSCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.96%	2.43%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.58%	2.43%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.35%	2.43%	-0.08%

LMBS vs. DSCO - Expense Ratio Comparison

LMBS has a 0.68% expense ratio, which is higher than DSCO's 0.50% expense ratio.

Dividends

LMBS vs. DSCO - Dividend Comparison

LMBS's dividend yield for the trailing twelve months is around 4.11%, more than DSCO's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSCO DoubleLine Securitized Credit ETF	2.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LMBS First Trust Low Duration Mortgage Opportunities ETF	4.11%	4.08%	4.28%	3.96%	2.22%	2.04%	2.27%	2.55%	2.76%	2.73%	2.84%	3.03%

Frequently Asked Questions

Can I hold both LMBS and DSCO in my portfolio?

LMBS and DSCO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMBS or DSCO?

On fees, DSCO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LMBS or DSCO?

DSCO is cheaper with a 0.50% expense ratio, compared with 0.68% for LMBS.

Which ETF pays a higher dividend yield, LMBS or DSCO?

LMBS has the higher dividend yield at 4.11%, compared with 2.26% for DSCO.

What is the main difference between LMBS and DSCO?

They also come from different issuers: First Trust and DoubleLine. Their fees differ too: 0.68% for LMBS and 0.50% for DSCO.