DMBS vs IVV
DMBS vs IVV
DoubleLine Mortgage ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DMBS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $699M | $865.2B | |
| Dividend Yield | 5.09% | 1.09% | |
| Holdings | 194 | 508 | |
| YTD Return | -0.19% | +9.93% | |
| 1Y Return | +3.97% | +19.59% | |
| 3Y Return (annualized) | +4.54% | +19.41% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 5.9% | 15.1% | |
| Max Drawdown | -8.1% | -56.5% | |
| Fund Family | DoubleLine Funds | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 31, 2023 | May 15, 2000 |
DMBS vs IVV Performance
DoubleLine Mortgage ETF (DMBS) is a ETF from DoubleLine Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DMBS returned +3.97% while IVV returned +19.59%. Year to date, DMBS is down 0.19% versus a gain of 9.93% for IVV.
Over three years, DMBS compounded at +4.54% per year against +19.41% for IVV. Across the full 3-year window we track, IVV has the edge at +6.91% annualized vs +3.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.9% for DMBS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.1% for DMBS and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DMBS charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, DMBS currently yields 5.09% against 1.09% for IVV.
Holdings Overlap
DMBS and IVV share 0 holdings out of 544 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DMBS or IVV?
DMBS has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, DMBS or IVV?
Over the past year DMBS returned +3.97% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), DMBS annualized +3.42% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, DMBS or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.9% for DMBS. Worst drawdown: DMBS -8.1% vs IVV -56.5%.
Should I hold both DMBS and IVV?
DMBS and IVV have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMBS and IVV?
DMBS and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, DMBS or IVV?
DMBS yields 5.09% while IVV yields 1.09%, so DMBS currently pays the higher dividend yield.
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