DoubleLine Shiller CAPE U.S. Equities ETF
$31.52−0.33 (−1.04%)
History starts Mar 31, 2022.
- Expense ratio
- 0.65%
- Fund size
- $220M
- 1Y return
- −0.9%
- Yield · Last 12 months
- 1.42%
- Volume · 30D
- 0M sh
- NAV per share
- $31.79
- 52W range
The ETF.net CAPE Grade
Score 28 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 6Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 40Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 33Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 21Category rank
Our read on CAPE
DNobel laureate Robert Shiller's CAPE ratio, wired into an ETF: each month it ranks the 11 US sectors on valuation, throws out the one with the worst momentum, and holds the four cheapest survivors in equal weight.
The fund seeks total returns above the S&P 500 by investing in the four cheapest U.S. large-cap sectors selected through modified CAPE valuation and momentum-based value-trap mitigation.
Why people hold it
- The rulebook is legible: five cheapest sectors by a modified CAPE ratio, minus the weakest 12-month performer, equal weight across the four left standing, rebalanced monthly.doubleline.com
- Four equal-weight sector sleeves out of eleven is a genuinely different shape from the cap-weighted S&P 500 the fund names as its benchmark.doubleline.com
- The momentum screen exists for one job: keeping the portfolio out of sectors that are cheap because something is broken, not because they are overlooked.doubleline.com
- DoubleLine runs it actively against an index it built with Barclays and Shiller, live in ETF form since 2022.prnewswire.com
Worth knowing
- At 0.65% a year it runs well above the US multifactor median near 0.32%, and above value peers such as FNDX (0.25%) or VONV (0.06%).
- Concentration cuts both ways: holding four of eleven sectors means results can diverge widely from the S&P 500 in either direction.doubleline.com
- Thinly traded for its category, and unlike a traditional ETF it does not publish holdings daily, so spreads can be wider and the portfolio less visible.doubleline.com
CAPE Holdings
- Stocks
- —
- 28%
- AMZN
Sectors
- Communication25.2%
- Real Estate24.8%
- Cons. Staples24.6%
- Financials24.6%
- Technology0.4%
- Consumer Discr.0.2%
- Industrials0.1%
Geography
- United States93.28%
- United Kingdom3.21%
- Ireland1.83%
- Switzerland1.07%
- Netherlands0.52%
- Canada0.08%
CAPE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
CAPE$9,910
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CAPE |
|---|---|
| Year to date | −0.8% |
| 1 month | −4.9% |
| 3 months | +0.7% |
| 1 year | −0.9% |
| 3 years | +11.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CAPE |
|---|---|---|
| 2026 YTD | −0.8% | |
| 2025 | +9.1% | |
| 2024 | +14.4% | |
| 2023 | +27.6% | |
| 2022 | −5.0% |
CAPE in the news
CAPE Dividends
- 1.42%
- $0.45
- $0.11 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jul 1, 2026 | Jul 8, 2026 | $0.11 |
| Apr 1, 2026 | Apr 8, 2026 | $0.08 |
| Dec 23, 2025 | Dec 30, 2025 | $0.15 |
| Oct 1, 2025 | Oct 7, 2025 | $0.12 |
| Jul 1, 2025 | Jul 8, 2025 | $0.10 |
| Apr 1, 2025 | Apr 7, 2025 | $0.08 |
| Dec 23, 2024 | Dec 30, 2024 | $0.13 |
| Oct 1, 2024 | Oct 7, 2024 | $0.08 |
| Jul 1, 2024 | Jul 8, 2024 | $0.09 |
| Apr 1, 2024 | Apr 5, 2024 | $0.07 |
| Dec 22, 2023 | Dec 29, 2023 | $0.11 |
| Oct 2, 2023 | Oct 6, 2023 | $0.06 |
CAPE Risk
- 12.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.55
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CAPE Cost
0.65%
CAPE0.65%
- The middle half of US Multifactor funds
- Median 0.30%
90 of the 98 US Multifactor funds charge less.