ETF Evaluator:
DoubleLine Fortune 500 Equal Weight ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Value Over the Last Year
| 45.0% | VictoryShares Free Cash Flow ETF (VFLO) |
| 39.1% | Bushido Capital US SMID Cap Equity ETF (RNIN) |
| 38.8% | Bushido Capital US Equity ETF (SMRI) |
| 37.8% | ProShares Equities for Rising Rates ETF (EQRR) |
| 37.4% | Vanguard US Multifactor ETF (VFMF) |
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Risk
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ETF Details
DoubleLine Fortune 500 Equal Weight ETF Overview
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). DoubleLine ETF Trust launched the ETF in 2024.
The investment seeks to track the investment results of the Barclays Fortune 500 Equal Weighted Total Return Index.
Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the underlying index, or derivatives transactions that provide investment exposure to the underlying index or securities that comprise the underlying index. The fund will concentrate its investments in securities of issuers in any one industry or group of industries to the extent that the underlying index reflects a concentration in that industry or group of industries.
About DoubleLine Fortune 500 Equal Weight ETF (DFVE)
There are 2 members of the management team with an average tenure of 2.50 years: Jeffrey Sherman (2024) and Jeffrey Gundlach (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 Equal Weighted TR USD index with a weighting of 100% and Barclays Fortune 500 Equal Wght TR USD index with a weighting of 100%. DoubleLine Fortune 500 Equal Weight ETF has 468 securities in its portfolio. The top 10 holdings constitute 3.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
DoubleLine Fortune 500 Equal Weight ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. DoubleLine Fortune 500 Equal Weight ETF has 0.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.5% There is 0.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). DoubleLine Fortune 500 Equal Weight ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $37 million in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DFVE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DoubleLine Fortune 500 Equal Weight ETF expense ratio is below average compared to funds in the Mid-Cap Value category. DoubleLine Fortune 500 Equal Weight ETF has an expense ratio of 0.20%, which is 57% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. DoubleLine Fortune 500 Equal Weight ETF has a portfolio turnover rate of 17%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 72% for the Mid-Cap Value category.
Recently, in the month of July 2026, DoubleLine Fortune 500 Equal Weight ETF returned 2.1%, which earned it a grade of D, as the Mid-Cap Value category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
DoubleLine Fortune 500 Equal Weight ETF has a trailing yield of 1.36%, which is below the 2.05% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
DoubleLine Fortune 500 Equal Weight ETF Grades
Year to date, the ETF has returned 15.3%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 23.8% over the past year (grade of C).
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DFVE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DFVE Return (NAV) | 2.1% | 5.7% | 23.8% | na | na | na |
| DFVE Return (Price) | 2.2% | 5.8% | 23.7% | na | na | na |
| NAV +/- Price Return | -0.104% | -0.077% | 0.077% | na | na | na |
| Mid-Cap Value Avg | 3.5% | 6.1% | 23.5% | 13.9% | 10.2% | 10.8% |
| DFVE Grade (NAV) | D | C | C | na | na | na |
| +/- Category (NAV) | -1.4% | -0.4% | 0.3% | na | na | na |
| DFVE Tax-Cost Ratio | na | na | 0.6% | na | na | na |
DFVE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DFVE Return (NAV) | 15.3% | 14.3% | na | na | na | na | na | na | na | na | na |
| DFVE Return (Price) | 15.3% | 14.5% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.003% | 0.016% | na | na | na | na | na | na | na | na | na |
| Mid-Cap Value Avg | 15.4% | 10.4% | 12.2% | 12.9% | -5.7% | 31.6% | 0.6% | 25.6% | -10.0% | 15.5% | 20.3% |
| DFVE Grade (NAV) | C | B | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.2% | 3.9% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 37 Mil |
| Share Class Assets: | $ 37 Mil |
| Turnover: | 17.0% |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 Equal Weighted TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Sherman Jeffrey (2024), Gundlach Jeffrey (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 468 |
| % in Top 10 Holdings: | 3.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.4% |
Portfolio Allocation |
|
| Domestic Stock: | 99.5% |
| Foreign Stock: | 0.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | DoubleLine ETF Trust |
| Phone Number: | 855-937-0772 |
| Website: | |
| Inception Date: | January 31, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.47% |
