DMXvsSMMUETF Comparison
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DoubleLine Multi-Sector Income ETF (DMX) belongs to the Intl Aggregate Bonds segment. PIMCO Short Term Municipal Bond Active ETF (SMMU) is part of the Municipal Bonds segment. DMX's top 3 sector exposures are Finance, Non-Corporate and Industrials. In contrast, SMMU's top sector exposures are Municipal, Sovereign and Government Agencies. DMX is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.35% for SMMU. DMX is up 1.94% year-to-date (YTD) with +$45M in YTD flows. SMMU performs worse with 0.67% YTD performance, and +$227M in YTD flows. Run a side-by-side ETF comparison of DMX and SMMU below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DMX vs SMMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DMX SMMU | -0.51%-0.62% | +0.21%-0.48% | +1.94%+0.67% | +3.64%+1.15% | n/a+10.20% | n/a+9.21% |
| Flows | DMX SMMU | +$7M+$22M | +$15M+$70M | +$45M+$227M | +$57M+$249M | -+$645M | -+$663M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DMX SMMU | +1.46%+1.01% | +1.60%+0.81% | n/a+1.31% | n/a+1.28% |
| Max drawdown | DMX SMMU | -0.73%-0.72% | -1.29%-0.81% | n/a-1.70% | n/a-4.63% |
| Max drawdown duration | DMX SMMU | 22d24d | 49d103d | n/a58d | n/a793d |
Trading data
DMX | SMMU | |
Last sale 9/18/2026 at 1:30 PM | $49.59 | $49.86 |
| Previous close 09/17/2026 | $49.63 | $49.89 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
DMX | SMMU | |
|---|---|---|
| Last price | $49.59 | $49.86 |
| 1D performance | -0.09% | -0.06% |
| AuM | $107.84 M | $1.19 B |
| E/R | 0.5% | 0.35% |
Characteristics
DMX | SMMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | DoubleLine | PIMCO |
| Benchmark | - | - |
| N° of holdings | 313 | 113 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 2, 2024 | February 1, 2010 |
| ESG | No | No |
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Exposure
Countries
DMX
USA
48.21%
Other
51.79%
SMMU
USA
44.47%
Other
55.53%
Sectors
DMX
Finance
8.34%
Non-Corporate
8.14%
Industrials
7.94%
Other
75.59%
SMMU
Municipal
28.9%
Sovereign
8.39%
Government Agenci.
7.18%
Other
55.53%
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Diversification
DMX
Total weight of top 15 holdings out of 15
17.55%
SMMU
Total weight of top 15 holdings out of 15
21.52%
Top 15 holdings
Data as of July 31, 2026
DMX
BNY Dreyfus Government Cash Management
2.77%
Northern Institutional Treasury Portfolio
2.69%
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
2.69%
US14074EAL56
0.95%
US05682VAU98
0.95%
US00093CAK71
0.94%
US64832NAJ81
0.84%
US69393JAH14
0.80%
US92540XAE13
0.71%
US92540YAE95
0.71%
US92490EAM57
0.71%
US69382NAE22
0.71%
US59319DAH61
0.71%
US64832LAJ26
0.70%
US281914AF87
0.70%
SMMU
FHLB, 0% 21sep2026, USD (364D)
2.72%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
2.21%
USA, Notes 3.5% 28feb2031, USD (V-2031)
1.76%
US20775DL830
1.72%
FHLB, 0% 4sep2026, USD (365D)
1.66%
USA, Bills 0% 15sep2026, USD (119D)
1.47%
New York Municipal Water Finance Authority, FRN 15jun2050, USD
1.32%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
1.22%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
1.20%
USA, Notes 4.625% 30apr2031, USD (K-2031)
1.16%
US20775DZL99
1.08%
US593344CB87
1.07%
US20775DTS17
1.02%
US57585BRA88
0.95%
US678604AC33
0.93%
Frequently asked questions about DMX and SMMU
How have the DMX and SMMU ETFs performed in 2026?
As of September 18, 2026, DMX is up 1.94% year-to-date (YTD), while SMMU has returned 0.67%. That puts DMX better performer ahead so far this year.
Which ETF is attracting more investor money: DMX or SMMU?
Year-to-date, the DMX ETF saw +$45M in flows, compared to +$227M for SMMU.
Which ETF is more volatile: DMX or SMMU?
Over the past year, DMX had a volatility of 1.6%, while SMMU experienced 0.81%.
Which ETF is bigger: DMX or SMMU?
As of September 18, 2026, DMX holds $107.84 M in assets under management (AUM), while SMMU manages $1.19 B.
What sectors do the DMX and SMMU ETFs invest in?
DMX leans toward sectors like Finance, Non-Corporate and Industrials. Meanwhile, SMMU focuses on Municipal, Sovereign and Government Agencies.
What are the top holdings of the DMX ETF and SMMU ETF?
DMX top holdings include BNY Dreyfus Government Cash Management, Northern Institutional Treasury Portfolio and Morgan Stanley Instl. Liquidity Funds - Government Portfolio. SMMU holds in its top three: FHLB, 0% 21sep2026, USD (364D), USA, Notes 3.375% 29feb2028, USD (AY-2028) and USA, Notes 3.5% 28feb2031, USD (V-2031).
Which ETF is more diversified: DMX or SMMU?
DMX holds 591 securities with 17.55% of its assets in the top 15. SMMU has 341 securities and a top 15 weight of 21.52%.
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Latest news about DMX & SMMU
Beyond Traditional Bonds: A Dynamic Approach to Income with this DoubleLine ETF
February 20, 2025
DMX
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