DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DBELX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DBELX
DBELX charges 0.90% annually. There are 39 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | DBELX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | DBELX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | DBELX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | DBELX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | DBELX vs GMOQX |
Best Risk-Adjusted Alternatives to DBELX
DBELX has a PortfoliosLab risk / return rank of 33. There are 63 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | DBELX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | DBELX vs AGEPX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | DBELX vs GMCDX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | DBELX vs GMOQX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 98 | — | Apr 2014 | DBELX vs DBLLX |
Top Performing DBELX Alternatives (YTD)
DBELX is at 1.86% YTD. There are 52 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 14.15% | — | Dec 2010 | DBELX vs EDF | |
| GMO Emerging Country Debt Fund Class VI | 8.55% | — | Apr 1994 | DBELX vs GMOQX | |
| GMO Emerging Country Debt Fund | 8.52% | — | Apr 1994 | DBELX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 7.76% | — | May 2006 | DBELX vs FEMDX | |
| American Beacon Developing World Income Fund Class... | 6.85% | — | Feb 2014 | DBELX vs AGEYX |
Lowest Volatility Alternatives to DBELX
DBELX has 7.25% 1-year volatility. There are 68 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.15% | — | Apr 2014 | DBELX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.92% | — | Apr 2010 | DBELX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | DBELX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.04% | — | May 2011 | DBELX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.06% | — | Apr 2010 | DBELX vs DBLEX |
Lowest Drawdown Alternatives to DBELX
DBELX has a 1-year max drawdown of -6.89%. There are 62 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | DBELX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | DBELX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | DBELX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | DBELX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | DBELX vs PYCEX |
Other Mutual Funds from DoubleLine
The 10 most viewed DoubleLine mutual funds shown here include DBLTX, DSL, DSEEX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DoubleLine Total Return Bond Fund Class I | Total Bond Market | 22 | -0.10% | — | Apr 2010 | DBELX vs DBLTX | |
| DoubleLine Income Solutions Fund | High Yield Bonds | 2 | 1.66% | — | Apr 2013 | DBELX vs DSL | |
| DoubleLine Shiller Enhanced CAPE | Large Cap Blend Equities | 4 | -2.36% | — | Oct 2013 | DBELX vs DSEEX | |
| DoubleLine Yield Opportunities Fund | Multisector Bonds | 1 | -0.45% | — | Feb 2020 | DBELX vs DLY | |
| DoubleLine Low Duration Bond Fund | Short-Term Bond | 97 | 1.06% | — | Sep 2011 | DBELX vs DBLSX | |
| Doubleline Selective Credit Fund | Multisector Bonds | 94 | 1.71% | — | Aug 2014 | DBELX vs DBSCX | |
| DoubleLine Core Fixed Income Fund | Intermediate Core-Plus Bond | 21 | -0.20% | — | Jun 2010 | DBELX vs DBLFX | |
| DoubleLine Flexible Income Fund | Nontraditional Bonds | 98 | 1.49% | — | Apr 2014 | DBELX vs DFLEX | |
| DoubleLine Strategic Commodity Fund | Commodities | 86 | 29.50% | — | May 2015 | DBELX vs DBCMX | |
| DoubleLine Infrastructure Income Fund | Intermediate Core-Plus Bond | 45 | 0.75% | — | Apr 2016 | DBELX vs BILDX |
Often Compared With DBELX
Investors most often compare DBELX with LEMB, ELD, EIDOX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares J.P. Morgan EM Local Currency Bond ETF | Emerging Markets Bonds | 40 | 1.47% | 732.66M | Oct 2011 | DBELX vs LEMB | |
| WisdomTree Emerging Markets Local Debt Fund | Emerging Markets Bonds | 33 | 0.84% | 132.95M | Aug 2010 | DBELX vs ELD | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.63% | — | Sep 2015 | DBELX vs EIDOX | |
| DoubleLine Income Fund | Multisector Bonds | — | — | — | Sep 2019 | DBELX vs DBLIX | |
| Amana Participation Fund | Emerging Markets Bonds | 43 | 0.16% | — | Sep 2015 | DBELX vs AMAPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.66% | — | Feb 2013 | DBELX vs EELDX | |
| Artisan Emerging Markets Debt Opportunities Fund | Emerging Markets Bonds | 96 | 4.80% | — | Apr 2022 | DBELX vs APFOX | |
| Morgan Stanley Emerging Markets Domestic Fund | Emerging Markets Bonds | 15 | 3.21% | — | Apr 2007 | DBELX vs EDD | |
| Delaware Emerging Markets Debt Corporate Fund | Emerging Markets Bonds | 90 | 1.13% | — | Sep 2013 | DBELX vs DEDIX |
Compare DBELX with Any Fund or Stock
Compare DBELX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DBELX with funds that move differently
DoubleLine Emerging Markets Local Currency Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DBELX.
Explore DBELX Diversifiers