DMBS vs VOO
DMBS vs VOO
DoubleLine Mortgage ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DMBS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $699M | $979.0B | |
| Dividend Yield | 5.09% | 1.09% | |
| Holdings | 194 | 509 | |
| YTD Return | -0.32% | +11.51% | |
| 1Y Return | +2.67% | +21.46% | |
| 3Y Return (annualized) | +4.53% | +20.86% | |
| 5Y Return (annualized) | - | +13.01% | |
| Volatility (annualized) | 5.8% | 14.1% | |
| Max Drawdown | -8.1% | -34.3% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 31, 2023 | Sep 7, 2010 |
DMBS vs VOO Performance
DoubleLine Mortgage ETF (DMBS) is a ETF from DoubleLine Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DMBS returned +2.67% while VOO returned +21.46%. Year to date, DMBS is down 0.32% versus a gain of 11.51% for VOO.
Over three years, DMBS compounded at +4.53% per year against +20.86% for VOO. Across the full 3-year window we track, VOO has the edge at +13.44% annualized vs +3.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 5.8% 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
DMBS and VOO 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 VOO?
DMBS has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, DMBS or VOO?
Over the past year DMBS returned +2.67% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), DMBS annualized +3.37% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, DMBS or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.8% for DMBS. Worst drawdown: DMBS -8.1% vs VOO -34.3%.
Should I hold both DMBS and VOO?
DMBS and VOO 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 VOO?
DMBS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, DMBS or VOO?
DMBS yields 5.09% while VOO yields 1.09%, so DMBS currently pays the higher dividend yield.
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