TOTR vs. TOTL
TOTR (T. Rowe Price Total Return ETF) and TOTL (State Street DoubleLine Total Return Tactical ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 3 years, TOTR returned 4.37%/yr vs 4.12%/yr for TOTL. Their correlation of 0.90 means they have usually moved in the same direction. TOTR charges 0.31%/yr vs 0.55%/yr for TOTL.
Performance
TOTR vs. TOTL - Performance Comparison
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Returns By Period
In the year-to-date period, TOTR achieves a -0.66% return, which is significantly higher than TOTL's -1.29% return.
TOTR
- 1D
- -0.38%
- 1M
- -1.34%
- 6M
- -1.06%
- YTD
- -0.66%
- 1Y
- 1.68%
- 3Y*
- 4.37%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.46%
TOTL
- 1D
- -0.21%
- 1M
- -1.46%
- 6M
- -1.42%
- YTD
- -1.29%
- 1Y
- 1.52%
- 3Y*
- 4.12%
- 5Y*
- 0.28%
- 10Y*
- 1.40%
- ALL TIME*
- 1.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.35M | $24.35M | $20.67M | |
| $847.04K | $553.80K | $586.11K |
TOTR vs. TOTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOTR T. Rowe Price Total Return ETF | -0.66% | 7.41% | 2.43% | 6.27% | -15.88% | 0.11% |
TOTL State Street DoubleLine Total Return Tactical ETF | -1.29% | 7.68% | 3.15% | 5.55% | -11.59% | -0.51% |
Correlation
The correlation between TOTR and TOTL is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.90 |
The correlation between TOTR and TOTL has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
TOTR vs. TOTL — Risk / Return Rank
TOTR
TOTL
TOTR vs. TOTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return ETF (TOTR) and State Street DoubleLine Total Return Tactical ETF (TOTL). 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.
| TOTR | TOTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.77 | +0.25 |
| Martin ratioReturn relative to average drawdown | 2.61 | 1.81 | +0.79 |
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Drawdowns
TOTR vs. TOTL - Drawdown Comparison
The maximum TOTR drawdown since its inception was -19.63%, which is greater than TOTL's maximum drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for TOTR and TOTL.
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Drawdown Indicators
| TOTR | TOTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.63% | -16.48% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -3.04% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -5.31% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.48% | — |
Current DrawdownCurrent decline from peak | -2.92% | -2.90% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -3.11% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.29% | -0.29% |
Volatility
TOTR vs. TOTL - Volatility Comparison
T. Rowe Price Total Return ETF (TOTR) has a higher volatility of 1.06% compared to State Street DoubleLine Total Return Tactical ETF (TOTL) at 0.98%. This indicates that TOTR's price experiences larger fluctuations and is considered to be riskier than TOTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOTR | TOTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.98% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.75% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 3.50% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 5.62% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 4.79% | +1.36% |
TOTR vs. TOTL - Expense Ratio Comparison
TOTR has a 0.31% expense ratio, which is lower than TOTL's 0.55% expense ratio.
Dividends
TOTR vs. TOTL - Dividend Comparison
TOTR's dividend yield for the trailing twelve months is around 5.38%, which matches TOTL's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOTL State Street DoubleLine Total Return Tactical ETF | 4.93% | 5.23% | 5.35% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 3.00% | 3.25% | 2.67% |
TOTR T. Rowe Price Total Return ETF | 5.38% | 5.14% | 5.32% | 4.71% | 3.45% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOTR and TOTL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOTR has higher volatility (1.06%) compared to TOTL (0.98%). In terms of maximum drawdown, TOTR dropped -19.63% vs TOTL's -16.48%.
On 3-year performance, TOTR leads with 4.37% vs 4.12% for TOTL. On fees, TOTR is cheaper at 0.31% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TOTR has performed better with a 4.37% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TOTR is cheaper with a 0.31% expense ratio, compared with 0.55% for TOTL.
TOTR has the higher dividend yield at 5.38%, compared with 4.93% for TOTL.
They also come from different issuers: T. Rowe Price and State Street. Their fees differ too: 0.31% for TOTR and 0.55% for TOTL.
TOTL currently has the higher Sharpe Ratio (0.67 vs 0.64), 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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