CARY vs DBND
Angel Oak Income ETF vs DoubleLine Opportunistic Core Bond ETF
Which is better, CARY or DBND?
CARY has been ahead.
DBND has a lower expense ratio. CARY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CARY | DBND |
|---|---|---|
| Expense Ratio | 0.79% | 0.45%Best |
| AUM | $1.4B | $754M |
| Dividend Yield | 5.99% | 4.98% |
| Holdings | 818 | 1,270 |
| YTD Return | +0.90%Best | -2.64% |
| 1Y Return | +2.06%Best | -2.19% |
| 3Y Return (annualized) | +6.62%Best | +5.06% |
| Volatility (annualized) | 2.9%Best | 5.6% |
| Max Drawdown | -2.3%Best | -6.8% |
| $10,000 over 3.9 years | $12,751Best | $11,776 |
| Fund Family | Angel Oak Capital Advisors | DoubleLine Funds |
| Category | Fixed Income | Fixed Income |
| Style | Diversified Sectoral Bond | Diversified Sectoral Bond |
| Inception | Nov 7, 2022 | Mar 31, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 8, 2022 to Oct 14, 2026 (3.9 years).
CARY vs DBND growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
CARY vs DBND Performance
Angel Oak Income ETF (CARY) is an ETF from Angel Oak Capital Advisors and DoubleLine Opportunistic Core Bond ETF (DBND) is an ETF from DoubleLine Funds. Over the past year CARY returned +2.06% while DBND returned -2.19%. Year to date, CARY is up 0.90% versus a loss of 2.64% for DBND.
Over three years, CARY compounded at +6.62% per year against +5.06% for DBND. Across the full 4-year window we track, CARY has the edge at +6.43% annualized vs +4.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBND has been the more volatile fund, with annualized monthly volatility of 5.6% compared with 2.9% for CARY. 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 -2.3% for CARY and -6.8% for DBND. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CARY charges 0.79% per year while DBND charges 0.45%. On a $10,000 position that is $79 vs $45 annually, a gap of $34 per year that compounds over a long holding period. On income, CARY currently yields 5.99% against 4.98% for DBND.
Holdings Overlap
We hold position weights for 241 holdings in CARY and 1 in DBND, totalling 20.8% and 0.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 241 positions we hold weights for in CARY and 1 in DBND, against full books of 818 and 1,270.
You are not choosing between two funds in isolation.
Whichever of CARY and DBND you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CARY or DBND?
CARY has an expense ratio of 0.79% while DBND charges 0.45%. DBND is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, CARY or DBND?
Over the past year CARY returned +2.06% vs -2.19% for DBND, so CARY leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.43% vs +4.28% for DBND. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARY or DBND?
DBND has been the more volatile fund at 5.6% annualized versus 2.9% for CARY. Worst drawdown: CARY -2.3% vs DBND -6.8%.
Should I hold both CARY and DBND?
CARY and DBND have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, CARY or DBND?
CARY yields 5.99% while DBND yields 4.98%, so CARY currently pays the higher dividend yield.
Is DBND better than CARY?
DBND has a lower expense ratio. CARY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.