TOTL vs. IMTB
TOTL (State Street DoubleLine Total Return Tactical ETF) and IMTB (iShares Core 5-10 Year USD Bond ETF) are both Intermediate Core-Plus Bond funds. TOTL is actively managed, while IMTB is passively managed. Over the past 5 years, TOTL returned 0.64%/yr vs 0.58%/yr for IMTB. A 0.77 correlation means they provide meaningful diversification when combined. TOTL charges 0.55%/yr vs 0.06%/yr for IMTB.
Performance
TOTL vs. IMTB - Performance Comparison
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Returns By Period
In the year-to-date period, TOTL achieves a -0.26% return, which is significantly lower than IMTB's 0.14% return.
TOTL
- 1D
- 0.10%
- 1M
- -0.02%
- YTD
- -0.26%
- 6M
- -0.05%
- 1Y
- 4.31%
- 3Y*
- 4.41%
- 5Y*
- 0.64%
- 10Y*
- 1.65%
IMTB
- 1D
- 0.16%
- 1M
- 0.13%
- YTD
- 0.14%
- 6M
- 0.49%
- 1Y
- 5.66%
- 3Y*
- 4.82%
- 5Y*
- 0.58%
- 10Y*
- —
TOTL vs. IMTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOTL State Street DoubleLine Total Return Tactical ETF | -0.26% | 7.68% | 3.15% | 5.55% | -11.59% | -1.00% | 3.56% | 6.93% | 0.76% | 3.55% |
IMTB iShares Core 5-10 Year USD Bond ETF | 0.14% | 8.88% | 1.94% | 6.10% | -12.75% | -1.41% | 6.25% | 8.62% | -0.45% | 4.88% |
Correlation
The correlation between TOTL and IMTB 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 | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2016 | 0.77 |
The correlation between TOTL and IMTB shifts across timeframes, from 0.77 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TOTL vs. IMTB — Risk / Return Rank
TOTL
IMTB
TOTL vs. IMTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Total Return Tactical ETF (TOTL) and iShares Core 5-10 Year USD Bond ETF (IMTB). 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.
| TOTL | IMTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.99 | -0.57 |
| Martin ratioReturn relative to average drawdown | 4.37 | 6.13 | -1.77 |
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
| TOTL | IMTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.41 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.09 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.36 | +0.01 |
Drawdowns
TOTL vs. IMTB - Drawdown Comparison
The maximum TOTL drawdown since its inception was -16.48%, smaller than the maximum IMTB drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for TOTL and IMTB.
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Drawdown Indicators
| TOTL | IMTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -18.15% | +1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.86% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -6.80% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -18.11% | +1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -16.48% | — | — |
Current DrawdownCurrent decline from peak | -1.89% | -1.58% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -4.13% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.92% | +0.07% |
Volatility
TOTL vs. IMTB - Volatility Comparison
The current volatility for State Street DoubleLine Total Return Tactical ETF (TOTL) is 1.17%, while iShares Core 5-10 Year USD Bond ETF (IMTB) has a volatility of 1.46%. This indicates that TOTL experiences smaller price fluctuations and is considered to be less risky than IMTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOTL | IMTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.46% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 3.02% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 4.05% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 6.28% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 5.18% | -0.40% |
TOTL vs. IMTB - Expense Ratio Comparison
TOTL has a 0.55% expense ratio, which is higher than IMTB's 0.06% expense ratio.
Dividends
TOTL vs. IMTB - Dividend Comparison
TOTL's dividend yield for the trailing twelve months is around 5.29%, more than IMTB's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTB iShares Core 5-10 Year USD Bond ETF | 4.52% | 4.40% | 4.42% | 4.13% | 2.90% | 2.49% | 2.63% | 2.91% | 3.04% | 2.75% | 0.40% | 0.00% |
TOTL State Street DoubleLine Total Return Tactical ETF | 5.29% | 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 IMTB 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.
IMTB has higher volatility (1.46%) compared to TOTL (1.17%). In terms of maximum drawdown, TOTL dropped -16.48% vs IMTB's -18.15%.
On 5-year performance, TOTL leads with 0.64% vs 0.58% for IMTB. On fees, IMTB is cheaper at 0.06% per year. On volatility, TOTL has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TOTL has performed better with a 0.64% return vs 0.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMTB is cheaper with a 0.06% expense ratio, compared with 0.55% for TOTL.
TOTL has the higher dividend yield at 5.29%, compared with 4.52% for IMTB.
They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for TOTL and 0.06% for IMTB.
IMTB currently has the higher Sharpe Ratio (1.41 vs 1.27), 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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