DoubleLine Flexible Income Fund (DFLEX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DFLEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DFLEX
DFLEX charges 0.74% annually. There are 18 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | DFLEX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | DFLEX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | DFLEX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | DFLEX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | DFLEX vs FPFIX |
Best Risk-Adjusted Alternatives to DFLEX
DFLEX has a PortfoliosLab risk / return rank of 98. There are 6 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | DFLEX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | DFLEX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | DFLEX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | DFLEX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | DFLEX vs APFPX |
Top Performing DFLEX Alternatives (YTD)
DFLEX is at 1.97% YTD. There are 14 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.64% | — | Aug 2010 | DFLEX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | DFLEX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | DFLEX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.21% | — | Mar 2022 | DFLEX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.46% | — | Jul 2021 | DFLEX vs CELFX |
Lowest Volatility Alternatives to DFLEX
DFLEX has 1.39% 1-year volatility. There are 5 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | DFLEX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | DFLEX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | DFLEX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.32% | — | Oct 2011 | DFLEX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | DFLEX vs BGCIX |
Lowest Drawdown Alternatives to DFLEX
DFLEX has a 1-year max drawdown of -0.91%. There are 8 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | DFLEX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | DFLEX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | DFLEX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | DFLEX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | DFLEX vs GMODX |
Other Mutual Funds from DoubleLine
The 10 most viewed DoubleLine mutual funds shown here include DBLTX, DSL, DBLSX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DoubleLine Total Return Bond Fund Class I | Total Bond Market | 24 | -0.46% | — | Apr 2010 | DFLEX vs DBLTX | |
| DoubleLine Income Solutions Fund | High Yield Bonds | 3 | 1.45% | — | Apr 2013 | DFLEX vs DSL | |
| DoubleLine Low Duration Bond Fund | Short-Term Bond | 98 | 1.45% | — | Sep 2011 | DFLEX vs DBLSX | |
| DoubleLine Yield Opportunities Fund | Multisector Bonds | 5 | 2.38% | — | Feb 2020 | DFLEX vs DLY | |
| DoubleLine Shiller Enhanced CAPE | Large Cap Blend Equities | 10 | 1.08% | — | Oct 2013 | DFLEX vs DSEEX | |
| Doubleline Selective Credit Fund | Multisector Bonds | 96 | 2.05% | — | Aug 2014 | DFLEX vs DBSCX | |
| DoubleLine Core Fixed Income Fund | Intermediate Core-Plus Bond | 21 | -0.60% | — | Jun 2010 | DFLEX vs DBLFX | |
| DoubleLine Income Fund | Multisector Bonds | — | — | — | Sep 2019 | DFLEX vs DBLIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | Emerging Markets Bonds | 98 | 1.37% | — | Apr 2014 | DFLEX vs DBLLX | |
| DoubleLine Strategic Commodity Fund | Commodities | 85 | 29.78% | — | May 2015 | DFLEX vs DBCMX |
Often Compared With DFLEX
Investors most often compare DFLEX with VIITX, CGMS, VFSUX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare DFLEX with Any Fund or Stock
Compare DFLEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DFLEX with funds that move differently
DoubleLine Flexible Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DFLEX.
Explore DFLEX Diversifiers