TOTL vs. DBLTX
TOTL (State Street DoubleLine Total Return Tactical ETF) and DBLTX (DoubleLine Total Return Bond Fund Class I) are both funds - TOTL is a Intermediate Core-Plus Bond fund actively managed by State Street, while DBLTX is a Total Bond Market fund managed by DoubleLine. Over the past 10 years, TOTL returned 1.57%/yr vs 1.71%/yr for DBLTX. Their correlation of 0.82 suggests significant overlap in exposure. TOTL charges 0.55%/yr vs 0.50%/yr for DBLTX.
Performance
TOTL vs. DBLTX - Performance Comparison
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Returns By Period
In the year-to-date period, TOTL achieves a -0.54% return, which is significantly lower than DBLTX's -0.22% return. Over the past 10 years, TOTL has underperformed DBLTX with an annualized return of 1.57%, while DBLTX has yielded a comparatively higher 1.71% annualized return.
TOTL
- 1D
- -0.15%
- 1M
- 0.18%
- YTD
- -0.54%
- 6M
- -0.42%
- 1Y
- 3.57%
- 3Y*
- 4.13%
- 5Y*
- 0.58%
- 10Y*
- 1.57%
DBLTX
- 1D
- -0.34%
- 1M
- 0.39%
- YTD
- -0.22%
- 6M
- -0.01%
- 1Y
- 3.97%
- 3Y*
- 4.38%
- 5Y*
- 0.52%
- 10Y*
- 1.71%
TOTL vs. DBLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOTL State Street DoubleLine Total Return Tactical ETF | -0.54% | 7.68% | 3.15% | 5.55% | -11.59% | -1.00% | 3.56% | 6.93% | 0.76% | 3.55% |
DBLTX DoubleLine Total Return Bond Fund Class I | -0.22% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 4.13% | 5.81% | 1.76% | 3.80% |
Correlation
The correlation between TOTL and DBLTX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2015 | 0.82 |
The correlation between TOTL and DBLTX shifts across timeframes, from 0.82 (all time) to 0.92 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TOTL vs. DBLTX — Risk / Return Rank
TOTL
DBLTX
TOTL vs. DBLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Total Return Tactical ETF (TOTL) and DoubleLine Total Return Bond Fund Class I (DBLTX). 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.
| TOTL | DBLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.33 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.30 | 3.71 | -0.42 |
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Drawdowns
TOTL vs. DBLTX - Drawdown Comparison
The maximum TOTL drawdown since its inception was -16.48%, roughly equal to the maximum DBLTX drawdown of -16.49%. Use the drawdown chart below to compare losses from any high point for TOTL and DBLTX.
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Drawdown Indicators
| TOTL | DBLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -16.49% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -3.17% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -6.59% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -16.49% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -16.48% | -16.49% | +0.01% |
Current DrawdownCurrent decline from peak | -2.16% | -2.23% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -2.37% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.14% | -0.05% |
Volatility
TOTL vs. DBLTX - Volatility Comparison
State Street DoubleLine Total Return Tactical ETF (TOTL) and DoubleLine Total Return Bond Fund Class I (DBLTX) have volatilities of 1.12% and 1.12%, 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
| TOTL | DBLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.12% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 2.86% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 3.81% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 5.61% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 4.42% | +0.37% |
TOTL vs. DBLTX - Expense Ratio Comparison
TOTL has a 0.55% expense ratio, which is higher than DBLTX's 0.50% expense ratio.
Dividends
TOTL vs. DBLTX - Dividend Comparison
TOTL's dividend yield for the trailing twelve months is around 5.30%, more than DBLTX's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.90% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
TOTL State Street DoubleLine Total Return Tactical ETF | 5.30% | 5.23% | 5.35% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 3.00% | 3.25% | 2.67% |
Frequently Asked Questions
With a correlation of 0.91, TOTL and DBLTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DBLTX has higher volatility (1.12%) compared to TOTL (1.12%). In terms of maximum drawdown, TOTL dropped -16.48% vs DBLTX's -16.49%.
DBLTX currently has the higher Sharpe Ratio (1.11 vs 1.04), 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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