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Launched · SEC filings

DoubleLine Shiller CAPE U.S. Equities ETF

CAPENYSE ArcaDoubleLineD

$32.35+0.35 (+1.09%)

As of Nov 2, 2026, 3:59 PM ET

D27/ 100

Rank 94 of 99 in US Multifactor

D27/100Rank 94 of 99inUS Multifactor
Intraday session: up, 78 prints from 32.00 to 32.35. Range 32.13 to 32.36. Use the arrow keys to read each point.32.1032.2032.3010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$206M
1Y total return
+3.3%
Yield · Last 12 months
1.58%
Holdings
173
Avg volume · 30D
32.5K sh
52W range
low $29.74high $34.25
Launched
Filings
SEC EDGAR

The ETF.net CAPE Grade

D

Score 27 out of 100

Category
US Multifactor⁠
Rank
94 of 99
Six-pillar profile for CAPE. Scores out of 100: Cost 7, Risk 46, Mission 40, Tradability 27, Holdings 34, Durability 21. Strongest: Risk (46). Weakest: Cost (7). Leans toward Risk and Mission.

Score 27 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F7 out of 100
    Rank 91 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C40 out of 100
    Rank 82 of 87

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 56 of 99

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 87 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 85 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F21 out of 100
    Rank 94 of 99

Our read on CAPE

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Mar 31, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
CAPE$10,332
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CAPE $10,332. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for CAPE. Periods over one year show the average yearly return.
PeriodCAPE
Year to date+0.4%
1 month+4.1%
3 months−1.8%
1 year+3.3%
3 yearsper year+12.9%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CAPE
YearReturn barCAPE
2026 YTD+0.4%
2025+9.1%
2024+14.4%
2023+27.6%
2022−5.0%

Since listing, Mar 31, 2022

CAPE in the news

CAPE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.58%Last 12 months
Payout per share
$0.51Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 18 payments from 2022 to 2026 YTD. Jul 1, 2022 $0.06; Oct 3, 2022 $0.03; Dec 23, 2022 $0.07; Apr 3, 2023 $0.06; Jul 3, 2023 $0.05; Oct 2, 2023 $0.06; Dec 22, 2023 $0.11; Apr 1, 2024 $0.07; Jul 1, 2024 $0.09; Oct 1, 2024 $0.08; Dec 23, 2024 $0.13; Apr 1, 2025 $0.08; Jul 1, 2025 $0.10; Oct 1, 2025 $0.12; Dec 23, 2025 $0.15; Apr 1, 2026 $0.08; Jul 1, 2026 $0.11; Oct 1, 2026 $0.17. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 7, 2026$0.17
Jul 1, 2026Jul 8, 2026$0.11
Apr 1, 2026Apr 8, 2026$0.08
Dec 23, 2025Dec 30, 2025$0.15
Oct 1, 2025Oct 7, 2025$0.12
Jul 1, 2025Jul 8, 2025$0.10
Apr 1, 2025Apr 7, 2025$0.08
Dec 23, 2024Dec 30, 2024$0.13
Oct 1, 2024Oct 7, 2024$0.08
Jul 1, 2024Jul 8, 2024$0.09
Apr 1, 2024Apr 5, 2024$0.07
Dec 22, 2023Dec 29, 2023$0.11

See all 18 payments⁠

$10,000 in CAPE 3 years ago paid $532 in dividends.⁠

CAPE Risk

Risk pillarC46 out of 100Rank 56 of 99 in US Multifactor
How much the fund’s monthly returns vary, scaled to a year.
13.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.66
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−22.1%
54 months · trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.78
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CAPE Cost

Compare CAPE and VYM

Overpaying vs VYM, tied cheapest in US Multifactor

$11,868

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CAPE 0.65%

    $12,717

  • VYM 0.04% Tied cheapest

    $849

$10,000
30 years

Cost over time

  • CAPE 0.65%
  • VYM 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CAPE $12,717VYM $849

Year by year

YearCAPEVYMOverpaying
10$1,163$73$1,090
20$4,440$288$4,152
30$12,717$849$11,868

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