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ETFs

DoubleLine Mortgage ETF

DMBS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 31 2023
Expense Ratio
0.49%
Type
US Bonds
Fund Owner
DoubleLine Funds
Volume (1m avg. daily)
$899,451
AUM
$50,388,049
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UMBS MORTPASS 4% 06/52
14.24%
n/a
UMBS MORTPASS 4.5% 10/52
9.86%
n/a
UMBS MORTPASS 2.5% 12/50
9.86%
n/a
UMBS MORTPASS 3.5% 06/52
9.76%
n/a
UMBS MORTPASS 2% 12/51
8.20%
n/a
UMBS MORTPASS 2% 02/52
6.89%
n/a
UMBS MORTPASS 3% 11/51
6.88%
n/a
UMBS MORTPASS 3% 05/52
6.79%
n/a
UMBS MORTPASS 5% 01/53
6.17%
n/a
UMBS MORTPASS 2.5% 01/52
2.54%
Invest with DMBS

What is DMBS?

DMBS invests primarily in high quality residential mortgage-backed securities (RMBS), actively allocating between government-backed Agency MBS and non-Agency MBS. Interest rate, credit and prepayment risks are actively managed with the goal of providing enhanced risk-adjusted returns through various interest rate and economic environments.

ETFs related toDMBS

ETFs correlated to DMBS include VMBS, MBB, AGG

DMBS
DoubleLine ETF Trust - DoubleLine Mortgage ETF
VMBS
Vanguard Group, Inc. - Vanguard Mortgage-Backed Securities ETF
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
BNDC
FlexShares Trust - FlexShares Core Select Bond Fund
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDMBS

#IDX

Equity Index Rotation

Category

Getting Started

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with DMBS using Composer

FAQ

DMBS is a US Bonds ETF. DMBS invests primarily in high quality residential mortgage-backed securities (RMBS), actively allocating between government-backed Agency MBS and non-Agency MBS. Interest rate, credit and prepayment risks are actively managed with the goal of providing enhanced risk-adjusted returns through various interest rate and economic environments.

Yes, DMBS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DMBS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DMBS is -0.013%. This is the percent change in the value of DMBS over the most recent 1-month period. The 3-month return on DMBS is %. This is the percent change in the value of DMBS over the most recent 3-month period.

ETFs similar to DMBS include AGZ, JMBS, and MBSD.

ETFs correlated to DMBS include VMBS, MBB, and AGG.

ETFs that are inversely correlated to DMBS include PST, TTT, and TBT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.