DBND vs PDI
DoubleLine Opportunistic Core Bond ETF vs PIMCO Dynamic Income Fund
Which is better, DBND or PDI?
Each has led over a different period.
DBND has a lower expense ratio. DBND led over 1Y, PDI over 3Y and the full window.
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 | DBND | PDI |
|---|---|---|
| Expense Ratio | 0.45%Best | 5.12% |
| AUM | $754M | $7.2B |
| Dividend Yield | 4.98% | 17.60% |
| Holdings | 1,270 | 1,822 |
| YTD Return | -2.64%Best | -12.38% |
| 1Y Return | -2.19%Best | -17.65% |
| 3Y Return (annualized) | +5.06% | +9.49%Best |
| 5Y Return (annualized) | - | +1.05% |
| Volatility (annualized) | 6.0%Best | 15.2% |
| Max Drawdown | -9.4%Best | -18.9% |
| $10,000 over 4.5 years | $10,769 | $11,249Best |
| Fund Family | DoubleLine Funds | PIMCO (US) |
| Category | Fixed Income | Fixed Income |
| Style | Diversified Sectoral Bond | Diversified Sectoral Bond |
| Inception | Mar 31, 2022 | May 25, 2012 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 14, 2026 (4.5 years).
DBND vs PDI 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 4.5 years both funds cover.
DBND vs PDI Performance
DoubleLine Opportunistic Core Bond ETF (DBND) is an ETF from DoubleLine Funds and PIMCO Dynamic Income Fund (PDI) is an ETF from PIMCO (US). Over the past year DBND returned -2.19% while PDI returned -17.65%. Year to date, DBND is down 2.64% versus a loss of 12.38% for PDI.
Over three years, DBND compounded at +5.06% per year against +9.49% for PDI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDI has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 6.0% for DBND. 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 -9.4% for DBND and -18.9% for PDI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DBND charges 0.45% per year while PDI charges 5.12%. On a $10,000 position that is $45 vs $512 annually, a gap of $467 per year that compounds over a long holding period. On income, DBND currently yields 4.98% against 17.60% for PDI.
Holdings Overlap
We hold position weights for 1 holding in DBND and 25 in PDI, totalling 0.1% and 6.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 350 days apart, DBND as of Sep 15, 2026 and PDI as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in DBND and 25 in PDI, against full books of 1,270 and 1,822.
You are not choosing between two funds in isolation.
Whichever of DBND and PDI 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, DBND or PDI?
DBND has an expense ratio of 0.45% while PDI charges 5.12%. DBND is the cheaper option, by $467 a year on a $10,000 investment.
Which performed better, DBND or PDI?
Over the past year DBND returned -2.19% vs -17.65% for PDI, so DBND leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DBND or PDI?
PDI has been the more volatile fund at 15.2% annualized versus 6.0% for DBND. Worst drawdown: DBND -9.4% vs PDI -18.9%.
Should I hold both DBND and PDI?
DBND and PDI have a monthly-return correlation of 0.60, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DBND or PDI?
DBND yields 4.98% while PDI yields 17.60%, so PDI currently pays the higher dividend yield.
Is PDI better than DBND?
DBND has a lower expense ratio. DBND led over 1Y, PDI over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.