DMBS vs SCHD
DMBS vs SCHD
DoubleLine Mortgage ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | DMBS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.06% | |
| AUM | $699M | $103.7B | |
| Dividend Yield | 5.09% | 3.31% | |
| Holdings | 194 | 104 | |
| YTD Return | -0.19% | +22.69% | |
| 1Y Return | +3.97% | +30.94% | |
| 3Y Return (annualized) | +4.54% | +14.20% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 5.9% | 13.7% | |
| Max Drawdown | -8.1% | -33.4% | |
| Fund Family | DoubleLine Funds | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 31, 2023 | Oct 20, 2011 |
DMBS vs SCHD Performance
DoubleLine Mortgage ETF (DMBS) is a ETF from DoubleLine Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DMBS returned +3.97% while SCHD returned +30.94%. Year to date, DMBS is down 0.19% versus a gain of 22.69% for SCHD.
Over three years, DMBS compounded at +4.54% per year against +14.20% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.31% annualized vs +3.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% 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 -33.4% for SCHD. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DMBS charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, DMBS currently yields 5.09% against 3.31% for SCHD.
Holdings Overlap
DMBS and SCHD share 0 holdings out of 139 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 SCHD?
DMBS has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, DMBS or SCHD?
Over the past year DMBS returned +3.97% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), DMBS annualized +3.42% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, DMBS or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 5.9% for DMBS. Worst drawdown: DMBS -8.1% vs SCHD -33.4%.
Should I hold both DMBS and SCHD?
DMBS and SCHD have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMBS and SCHD?
DMBS and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 139 unique securities.
Which pays a higher dividend, DMBS or SCHD?
DMBS yields 5.09% while SCHD yields 3.31%, so DMBS currently pays the higher dividend yield.
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