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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DoubleLine Emerging Markets Local Currency Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has returned -2.91% so far this year and 12.48% over the past 12 months.
DoubleLine Emerging Markets Local Currency Bond Fund
- 1D
- -0.32%
- 1M
- -6.70%
- YTD
- -2.91%
- 6M
- 0.26%
- 1Y
- 12.48%
- 3Y*
- 6.49%
- 5Y*
- 2.63%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 28, 2019, DBELX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, your investment would double in approximately 36.1 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Mar 2020 at -10.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DBELX closed higher 47% of trading days. The best single day was Mar 26, 2020 with a return of +2.2%, while the worst single day was Mar 12, 2020 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.29% | 1.73% | -6.70% | -2.91% | |||||||||
| 2025 | 1.68% | 0.59% | 1.99% | 2.90% | 1.69% | 3.29% | -1.09% | 3.07% | 1.81% | 0.53% | 1.26% | 1.45% | 20.86% |
| 2024 | -1.77% | -0.34% | -0.14% | -2.65% | 1.77% | -1.41% | 2.02% | 2.68% | 3.18% | -4.34% | -0.81% | -2.35% | -4.37% |
| 2023 | 3.42% | -2.95% | 4.14% | 0.94% | -1.62% | 3.59% | 2.51% | -2.78% | -3.11% | -0.24% | 4.90% | 3.55% | 12.50% |
| 2022 | 0.22% | -1.89% | 0.79% | -5.39% | 1.78% | -4.29% | -0.12% | -0.25% | -4.29% | 0.52% | 4.80% | 1.36% | -6.99% |
| 2021 | -1.88% | -2.62% | -2.17% | 1.49% | 1.89% | -1.37% | -1.16% | 0.74% | -3.15% | -0.99% | -1.66% | 1.24% | -9.37% |
Benchmark Metrics
DoubleLine Emerging Markets Local Currency Bond Fund has an annualized alpha of -0.60%, beta of 0.17, and R² of 0.22 versus S&P 500 Index. Calculated based on daily prices since July 01, 2019.
- This fund participated in 54.02% of S&P 500 Index downside but only 29.12% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.17 may look defensive, but with R² of 0.22 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R² of 0.22 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.60%
- Beta
- 0.17
- R²
- 0.22
- Upside Capture
- 29.12%
- Downside Capture
- 54.02%
Expense Ratio
DBELX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DBELX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) and compare them to a chosen benchmark (S&P 500 Index).
| DBELX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.93 | 0.90 | +1.03 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.39 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.40 | +0.43 |
Martin ratioReturn relative to average drawdown | 8.57 | 6.61 | +1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore DBELX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
DoubleLine Emerging Markets Local Currency Bond Fund provided a 4.02% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.42 | $0.32 | $0.18 | $0.16 | $0.18 | $0.12 | $0.11 |
Dividend yield | 4.02% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Emerging Markets Local Currency Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.42 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.32 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.01 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DoubleLine Emerging Markets Local Currency Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DoubleLine Emerging Markets Local Currency Bond Fund was 21.95%, occurring on Oct 24, 2022. Recovery took 660 trading sessions.
The current DoubleLine Emerging Markets Local Currency Bond Fund drawdown is 6.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.95% | Dec 18, 2020 | 465 | Oct 24, 2022 | 660 | Jun 12, 2025 | 1125 |
| -17% | Jan 3, 2020 | 55 | Mar 23, 2020 | 176 | Dec 1, 2020 | 231 |
| -6.89% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -4.55% | Jul 19, 2019 | 30 | Aug 29, 2019 | 86 | Jan 2, 2020 | 116 |
| -1.94% | Jul 24, 2025 | 6 | Jul 31, 2025 | 5 | Aug 7, 2025 | 11 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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