TOTLvsDFNMETF Comparison
ETF 1
TOTL
State Street SPDR DoubleLine Total Return Tactical ETF
This fund is part of
Intl Aggregate Bonds
+0.31%
VS
State Street SPDR DoubleLine Total Return Tactical ETF (TOTL) belongs to the Intl Aggregate Bonds segment. Dimensional National Municipal Bond ETF (DFNM) is part of the Municipal Bonds segment. TOTL's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, DFNM's top sector exposures are Municipal. TOTL is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.18% for DFNM. TOTL is down -1.13% year-to-date (YTD) with -$70M in YTD flows. DFNM performs better with 0.45% YTD performance, and +$428M in YTD flows. Run a side-by-side ETF comparison of TOTL and DFNM 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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TOTL vs DFNM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TOTL DFNM | +2.74%+2.50% | -0.65%-0.00% | -1.13%+0.45% | -0.47%+1.07% | +17.02%+10.77% | +1.90%n/a |
| Flows | TOTL DFNM | +$6M+$45M | -$186M+$95M | -$70M+$428M | +$15M+$580M | +$658M+$1.33B | +$1.35B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TOTL DFNM | +4.26%+3.70% | +3.82%+2.30% | +4.61%+2.32% | +5.30%n/a |
| Max drawdown | TOTL DFNM | -3.50%-3.93% | -5.28%-4.56% | -5.28%-4.56% | -15.72%n/a |
| Max drawdown duration | TOTL DFNM | 71d81d | 248d119d | 248d119d | 1360dn/a |
Trading data
TOTL | DFNM | |
Last sale 11/4/2026 at 2:30 PM | $38.13 | $47.40 |
| Previous close 11/04/2026 | $37.97 | $47.28 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/4/2026 at 2:30 PM
Live
Closed
TOTL | DFNM | |
|---|---|---|
| Last price | $38.13 | $47.40 |
| 1D performance | +0.42% | +0.25% |
| AuM | $3.75 B | $2.31 B |
| E/R | 0.55% | 0.18% |
Characteristics
TOTL | DFNM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | State Street Investment Management | Dimensional |
| Benchmark | - | - |
| N° of holdings | 723 | 248 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 23, 2015 | November 15, 2021 |
| ESG | No | No |
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Exposure
Countries
TOTL
USA
24.85%
Other
75.15%
DFNM
USA
29.64%
Other
70.36%
Sectors
TOTL
Sovereign
11.73%
Other
88.27%
DFNM
Municipal
29.64%
Other
70.36%
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Diversification
TOTL
Total weight of top 15 holdings out of 15
19.59%
DFNM
Total weight of top 15 holdings out of 15
8.69%
Top 15 holdings
Data as of September 30, 2026
TOTL
USA, Notes 0.75% 31jan2028, USD (G-2028)
6.29%
US912797WK94
3.66%
USA, Notes 0.625% 15aug2030, USD (E-2030)
1.60%
USA, Notes 3.5% 28feb2031, USD (V-2031)
0.89%
USA, Notes 0.875% 15nov2030, USD (F-2030)
0.80%
US3142GSE201
0.75%
US3140QVEV23
0.73%
US3140W0TT22
0.68%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
0.67%
US74331VAC00
0.63%
US3140XQQD29
0.62%
US3132DU5X10
0.59%
US3136BYP893
0.57%
US3140W1AM52
0.56%
US3140XPW547
0.55%
DFNM
County of Hudson, 4% 24feb2027, USD (2026)
0.82%
Revere, 4% 29jul2027, USD
0.73%
US692160VQ47
0.69%
City of Somerville (MA), 4% 28may2027, USD
0.69%
Hoboken, 4% 8mar2027, USD (2026)
0.69%
US562333SJ48
0.61%
US594712ZC81
0.57%
US609561SR73
0.52%
New Mexico, 5% 1mar2027, USD (2026)
0.50%
US686507NU45
0.49%
US30382AMM17
0.49%
Maryland, 5% 1jun2037, USD (2025)
0.48%
US650028F992
0.48%
US59333FR362
0.47%
Charleston School District, 5% 6may2027, USD (2026A)
0.47%
Frequently asked questions about TOTL and DFNM
How have the TOTL and DFNM ETFs performed in 2026?
As of November 4, 2026, TOTL is down -1.13% year-to-date (YTD), while DFNM has returned 0.45%. That puts DFNM better performer ahead so far this year.
Which ETF is attracting more investor money: TOTL or DFNM?
Year-to-date, the TOTL ETF saw -$70M in flows, compared to +$428M for DFNM.
Which ETF is more volatile: TOTL or DFNM?
Over the past year, TOTL had a volatility of 3.82%, while DFNM experienced 2.3%.
Which ETF is bigger: TOTL or DFNM?
As of November 4, 2026, TOTL holds $3.75 B in assets under management (AUM), while DFNM manages $2.31 B.
What sectors do the TOTL and DFNM ETFs invest in?
TOTL leans toward sectors like Sovereign. Meanwhile, DFNM focuses on Municipal.
What are the top holdings of the TOTL ETF and DFNM ETF?
TOTL top holdings include USA, Notes 0.75% 31jan2028, USD (G-2028), US912797WK94 and USA, Notes 0.625% 15aug2030, USD (E-2030). DFNM holds in its top three: County of Hudson, 4% 24feb2027, USD (2026), Revere, 4% 29jul2027, USD and US692160VQ47.
Which ETF is more diversified: TOTL or DFNM?
TOTL holds 1645 securities with 19.59% of its assets in the top 15. DFNM has 1192 securities and a top 15 weight of 8.69%.
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Latest news about TOTL & DFNM
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TOTL
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