ROE vs. DCPE

Last updated Jun 25, 2026

ROE (Astoria US Equal Weight Quality Kings ETF) and DCPE (DoubleLine Shiller CAPE US Equities ETF) are both Large Cap Value Equities funds. ROE is actively managed, while DCPE is passively managed. Over the past year, ROE returned 33.42% vs 3.36% for DCPE. A 0.69 correlation means they provide meaningful diversification when combined. ROE charges 0.49%/yr vs 0.65%/yr for DCPE.

Performance

ROE vs. DCPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Astoria US Equal Weight Quality Kings ETF (ROE) and DoubleLine Shiller CAPE US Equities ETF (DCPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROE achieves a 19.16% return, which is significantly higher than DCPE's 0.17% return.

ROE

• 1D: -0.11%
• 1M: 2.50%
• YTD: 19.16%
• 6M: 17.06%
• 1Y: 33.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DCPE

• 1D: 0.22%
• 1M: -0.77%
• YTD: 0.17%
• 6M: -0.68%
• 1Y: 3.36%
• 3Y*: 11.97%
• 5Y*: —
• 10Y*: —

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

ROE vs. DCPE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ROE Astoria US Equal Weight Quality Kings ETF	19.16%	17.20%	18.34%	4.31%
DCPE DoubleLine Shiller CAPE US Equities ETF	0.17%	9.10%	14.40%	5.25%

Correlation

The correlation between ROE and DCPE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.69

Over the past year, the correlation between ROE and DCPE has dropped to 0.47 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

ROE vs. DCPE — Risk / Return Rank

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

ROE

ROE Risk / Return Rank: 81
ROE Sharpe Ratio Rank: 81
ROE Sortino Ratio Rank: 77
ROE Omega Ratio Rank: 77
ROE Calmar Ratio Rank: 82
ROE Martin Ratio Rank: 88

DCPE

DCPE Risk / Return Rank: 13
DCPE Sharpe Ratio Rank: 13
DCPE Sortino Ratio Rank: 12
DCPE Omega Ratio Rank: 12
DCPE Calmar Ratio Rank: 13
DCPE Martin Ratio Rank: 15

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.

ROE vs. DCPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astoria US Equal Weight Quality Kings ETF (ROE) and DoubleLine Shiller CAPE US Equities ETF (DCPE). 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.

	ROE	DCPE	Difference
Sharpe ratio: Return per unit of total volatility	2.27	0.31	+1.97
Sortino ratio: Return per unit of downside risk	3.04	0.52	+2.52
Omega ratio: Gain probability vs. loss probability	1.40	1.06	+0.34
Calmar ratio: Return relative to maximum drawdown	3.88	0.35	+3.53
Martin ratio: Return relative to average drawdown	17.04	1.23	+15.81

ROE vs. DCPE - Sharpe Ratio Comparison

The current ROE Sharpe Ratio is 2.27, which is higher than the DCPE Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of ROE and DCPE, 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

ROE vs. DCPE - Drawdown Comparison

The maximum ROE drawdown since its inception was -19.10%, smaller than the maximum DCPE drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for ROE and DCPE.

Drawdown Indicators

	ROE	DCPE	Difference
Max Drawdown Largest peak-to-trough decline	-19.10%	-22.07%	+2.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.66%	-9.68%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.32%	—
Current Drawdown Current decline from peak	-2.28%	-3.02%	+0.74%
Average Drawdown Average peak-to-trough decline	-2.57%	-4.90%	+2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.73%	-0.76%

Volatility

ROE vs. DCPE - Volatility Comparison

Astoria US Equal Weight Quality Kings ETF (ROE) has a higher volatility of 6.26% compared to DoubleLine Shiller CAPE US Equities ETF (DCPE) at 3.61%. This indicates that ROE's price experiences larger fluctuations and is considered to be riskier than DCPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROE	DCPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	3.61%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	8.60%	+3.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	11.05%	+3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.98%	16.88%	-0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	16.88%	-0.90%

ROE vs. DCPE - Expense Ratio Comparison

ROE has a 0.49% expense ratio, which is lower than DCPE's 0.65% expense ratio.

Dividends

ROE vs. DCPE - Dividend Comparison

ROE's dividend yield for the trailing twelve months is around 0.95%, less than DCPE's 1.38% yield.

Position	TTM	2025	2024	2023	2022
DCPE DoubleLine Shiller CAPE US Equities ETF	1.38%	1.39%	1.23%	1.01%	0.80%
ROE Astoria US Equal Weight Quality Kings ETF	0.95%	0.97%	1.18%	0.68%	0.00%

Frequently Asked Questions

Can I hold both ROE and DCPE in my portfolio?

ROE and DCPE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROE or DCPE?

ROE has higher volatility (6.26%) compared to DCPE (3.61%). In terms of maximum drawdown, ROE dropped -19.10% vs DCPE's -22.07%.

Which ETF is better, ROE or DCPE?

On 1-year performance, ROE leads with 33.42% vs 3.36% for DCPE. On fees, ROE is cheaper at 0.49% per year. On volatility, DCPE has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROE or DCPE?

Over the 1-year period, ROE has performed better with a 33.42% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROE or DCPE?

ROE is cheaper with a 0.49% expense ratio, compared with 0.65% for DCPE.

Which ETF pays a higher dividend yield, ROE or DCPE?

DCPE has the higher dividend yield at 1.38%, compared with 0.95% for ROE.

What is the main difference between ROE and DCPE?

They also come from different issuers: Astoria and DoubleLine. Their fees differ too: 0.49% for ROE and 0.65% for DCPE.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.27 vs 0.31), 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.