TOTL vs. SJCP

Last updated Jun 24, 2026

TOTL (State Street DoubleLine Total Return Tactical ETF) and SJCP (SanJac Alpha Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, TOTL returned 3.57% vs 4.21% for SJCP. At a 0.36 correlation, their price movements are largely independent. TOTL charges 0.55%/yr vs 0.65%/yr for SJCP.

Performance

TOTL vs. SJCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street DoubleLine Total Return Tactical ETF (TOTL) and SanJac Alpha Core Plus Bond ETF (SJCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOTL achieves a -0.54% return, which is significantly lower than SJCP's 0.72% 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%

SJCP

• 1D: -0.22%
• 1M: 0.27%
• YTD: 0.72%
• 6M: 0.82%
• 1Y: 4.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOTL vs. SJCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TOTL State Street DoubleLine Total Return Tactical ETF	-0.54%	7.68%	-3.06%
SJCP SanJac Alpha Core Plus Bond ETF	0.72%	6.27%	-0.16%

Correlation

The correlation between TOTL and SJCP is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.36

Return for Risk

TOTL vs. SJCP — Risk / Return Rank

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

TOTL

TOTL Risk / Return Rank: 28
TOTL Sharpe Ratio Rank: 30
TOTL Sortino Ratio Rank: 29
TOTL Omega Ratio Rank: 29
TOTL Calmar Ratio Rank: 25
TOTL Martin Ratio Rank: 26

SJCP

SJCP Risk / Return Rank: 55
SJCP Sharpe Ratio Rank: 55
SJCP Sortino Ratio Rank: 56
SJCP Omega Ratio Rank: 66
SJCP Calmar Ratio Rank: 46
SJCP Martin Ratio Rank: 54

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.

TOTL vs. SJCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Total Return Tactical ETF (TOTL) and SanJac Alpha Core Plus Bond ETF (SJCP). 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	SJCP	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.69	-0.64
Sortino ratio: Return per unit of downside risk	1.53	2.44	-0.91
Omega ratio: Gain probability vs. loss probability	1.19	1.36	-0.17
Calmar ratio: Return relative to maximum drawdown	1.18	2.10	-0.92
Martin ratio: Return relative to average drawdown	3.30	8.50	-5.20

TOTL vs. SJCP - Sharpe Ratio Comparison

The current TOTL Sharpe Ratio is 1.04, which is lower than the SJCP Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of TOTL and SJCP, 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

TOTL vs. SJCP - Drawdown Comparison

The maximum TOTL drawdown since its inception was -16.48%, which is greater than SJCP's maximum drawdown of -2.01%. Use the drawdown chart below to compare losses from any high point for TOTL and SJCP.

Drawdown Indicators

	TOTL	SJCP	Difference
Max Drawdown Largest peak-to-trough decline	-16.48%	-2.01%	-14.47%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-2.01%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.48%	—	—
Current Drawdown Current decline from peak	-2.16%	-0.60%	-1.56%
Average Drawdown Average peak-to-trough decline	-3.12%	-0.27%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	0.50%	+0.59%

Volatility

TOTL vs. SJCP - Volatility Comparison

State Street DoubleLine Total Return Tactical ETF (TOTL) has a higher volatility of 1.12% compared to SanJac Alpha Core Plus Bond ETF (SJCP) at 0.96%. This indicates that TOTL's price experiences larger fluctuations and is considered to be riskier than SJCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOTL	SJCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	0.96%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	2.57%	1.88%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	2.52%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.60%	2.43%	+3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.79%	2.43%	+2.36%

TOTL vs. SJCP - Expense Ratio Comparison

TOTL has a 0.55% expense ratio, which is lower than SJCP's 0.65% expense ratio.

Dividends

TOTL vs. SJCP - Dividend Comparison

TOTL's dividend yield for the trailing twelve months is around 5.30%, more than SJCP's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SJCP SanJac Alpha Core Plus Bond ETF	3.81%	4.05%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both TOTL and SJCP in my portfolio?

TOTL and SJCP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOTL or SJCP?

TOTL has higher volatility (1.12%) compared to SJCP (0.96%). In terms of maximum drawdown, TOTL dropped -16.48% vs SJCP's -2.01%.

Which ETF is better, TOTL or SJCP?

On 1-year performance, SJCP leads with 4.21% vs 3.57% for TOTL. On fees, TOTL is cheaper at 0.55% per year. On volatility, SJCP has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOTL or SJCP?

Over the 1-year period, SJCP has performed better with a 4.21% return vs 3.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOTL or SJCP?

TOTL is cheaper with a 0.55% expense ratio, compared with 0.65% for SJCP.

Which ETF pays a higher dividend yield, TOTL or SJCP?

TOTL has the higher dividend yield at 5.30%, compared with 3.81% for SJCP.

What is the main difference between TOTL and SJCP?

They also come from different issuers: State Street and SanJac Alpha. Their fees differ too: 0.55% for TOTL and 0.65% for SJCP.

Which has better risk-adjusted returns?

SJCP currently has the higher Sharpe Ratio (1.69 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.