SLDR vs. DCRE

Last updated Jun 23, 2026

SLDR (Global X Short-Term Treasury Ladder ETF) and DCRE (DoubleLine Commercial Real Estate ETF) are both exchange-traded funds - SLDR is a Government Bonds fund tracking the FTSE US Treasury 1-3 Years Laddered Bond Index, while DCRE is a Short-Term Bond fund actively managed by DoubleLine. SLDR is passively managed, while DCRE is actively managed. Over the past year, SLDR returned 2.81% vs 4.50% for DCRE. A 0.51 correlation means they provide meaningful diversification when combined. SLDR charges 0.12%/yr vs 0.40%/yr for DCRE.

Performance

SLDR vs. DCRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Short-Term Treasury Ladder ETF (SLDR) 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, SLDR achieves a 0.28% return, which is significantly lower than DCRE's 1.47% return.

SLDR

• 1D: -0.07%
• 1M: 0.22%
• YTD: 0.28%
• 6M: 0.40%
• 1Y: 2.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DCRE

• 1D: -0.02%
• 1M: 0.30%
• YTD: 1.47%
• 6M: 1.61%
• 1Y: 4.50%
• 3Y*: 6.09%
• 5Y*: —
• 10Y*: —

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

SLDR vs. DCRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLDR Global X Short-Term Treasury Ladder ETF	0.28%	4.60%	0.66%
DCRE DoubleLine Commercial Real Estate ETF	1.47%	5.86%	1.26%

Correlation

The correlation between SLDR and DCRE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.51

The correlation between SLDR and DCRE has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

Return for Risk

SLDR vs. DCRE — Risk / Return Rank

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

SLDR

SLDR Risk / Return Rank: 75
SLDR Sharpe Ratio Rank: 71
SLDR Sortino Ratio Rank: 81
SLDR Omega Ratio Rank: 88
SLDR Calmar Ratio Rank: 67
SLDR Martin Ratio Rank: 67

DCRE

DCRE Risk / Return Rank: 95
DCRE Sharpe Ratio Rank: 96
DCRE Sortino Ratio Rank: 97
DCRE Omega Ratio Rank: 97
DCRE Calmar Ratio Rank: 94
DCRE Martin Ratio Rank: 93

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.

SLDR vs. DCRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Short-Term Treasury Ladder ETF (SLDR) 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.

	SLDR	DCRE	Difference
Sharpe ratio: Return per unit of total volatility	2.21	3.89	-1.68
Sortino ratio: Return per unit of downside risk	3.46	6.62	-3.16
Omega ratio: Gain probability vs. loss probability	1.53	1.87	-0.34
Calmar ratio: Return relative to maximum drawdown	3.23	6.63	-3.40
Martin ratio: Return relative to average drawdown	12.12	24.11	-11.99

SLDR vs. DCRE - Sharpe Ratio Comparison

The current SLDR Sharpe Ratio is 2.21, which is lower than the DCRE Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of SLDR 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

SLDR vs. DCRE - Drawdown Comparison

The maximum SLDR drawdown since its inception was -0.87%, roughly equal to the maximum DCRE drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for SLDR and DCRE.

Drawdown Indicators

	SLDR	DCRE	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-0.84%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	-0.87%	-0.68%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.84%	—
Current Drawdown Current decline from peak	-0.31%	-0.17%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.14%	-0.11%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	0.19%	+0.04%

Volatility

SLDR vs. DCRE - Volatility Comparison

Global X Short-Term Treasury Ladder ETF (SLDR) has a higher volatility of 0.44% compared to DoubleLine Commercial Real Estate ETF (DCRE) at 0.38%. This indicates that SLDR'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

	SLDR	DCRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	0.38%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	0.85%	0.91%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	1.28%	1.16%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.25%	1.58%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.25%	1.58%	-0.33%

SLDR vs. DCRE - Expense Ratio Comparison

SLDR has a 0.12% expense ratio, which is lower than DCRE's 0.40% expense ratio.

Dividends

SLDR vs. DCRE - Dividend Comparison

SLDR's dividend yield for the trailing twelve months is around 3.72%, less than DCRE's 4.75% yield.

Position	TTM	2025	2024	2023
DCRE DoubleLine Commercial Real Estate ETF	4.75%	4.84%	5.52%	3.47%
SLDR Global X Short-Term Treasury Ladder ETF	3.72%	3.80%	0.98%	0.00%

Frequently Asked Questions

Can I hold both SLDR and DCRE in my portfolio?

SLDR and DCRE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLDR or DCRE?

SLDR has higher volatility (0.44%) compared to DCRE (0.38%). In terms of maximum drawdown, SLDR dropped -0.87% vs DCRE's -0.84%.

Which ETF is better, SLDR or DCRE?

On 1-year performance, DCRE leads with 4.50% vs 2.81% for SLDR. On fees, SLDR is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLDR or DCRE?

Over the 1-year period, DCRE has performed better with a 4.50% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLDR or DCRE?

SLDR is cheaper with a 0.12% expense ratio, compared with 0.40% for DCRE.

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

DCRE has the higher dividend yield at 4.75%, compared with 3.72% for SLDR.

What is the main difference between SLDR and DCRE?

SLDR is categorized as Government Bonds, while DCRE is Short-Term Bond. They also come from different issuers: Global X and DoubleLine. Their fees differ too: 0.12% for SLDR and 0.40% for DCRE.

Which has better risk-adjusted returns?

DCRE currently has the higher Sharpe Ratio (3.89 vs 2.21), 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.