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 | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | DFLEX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | DFLEX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | DFLEX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | DFLEX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | DFLEX vs PUTIX |
Best Risk-Adjusted Alternatives to DFLEX
DFLEX has a PortfoliosLab risk / return rank of 98. There are 5 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | DFLEX vs CBYYX | |
| PGIM Securitized Credit Fund | 99 | — | 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 | |
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Aug 2010 | DFLEX vs EGRIX |
Top Performing DFLEX Alternatives (YTD)
DFLEX is at 1.72% YTD. There are 19 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 7.87%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 7.87% | — | Aug 2010 | DFLEX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.26% | — | Apr 2015 | DFLEX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.96% | — | Jun 2007 | DFLEX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.18% | — | Mar 2022 | DFLEX vs APFPX | |
| T. Rowe Price Dynamic Global Bond Fund | 3.29% | — | Jan 2015 | DFLEX vs RPIEX |
Lowest Volatility Alternatives to DFLEX
DFLEX has 1.37% 1-year volatility. There are 3 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.01% | — | Dec 2004 | DFLEX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.22% | — | Jan 2023 | DFLEX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.33% | — | Oct 2011 | DFLEX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.38% | — | Sep 2011 | DFLEX vs BGCIX | |
| Anfield Universal Fixed Income Fund | 1.42% | — | Jun 2013 | DFLEX vs AFLIX |
Lowest Drawdown Alternatives to DFLEX
DFLEX has a 1-year max drawdown of -0.91%. There are 7 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 | |
| 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 | |
| PGIM Absolute Return Bond Fund | -0.86% | — | Mar 2011 | DFLEX vs PADZX |
Other Mutual Funds from DoubleLine
The 10 most viewed DoubleLine mutual funds shown here include DBLTX, DSL, DLY and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DoubleLine Total Return Bond Fund Class I | Total Bond Market | 16 | -0.22% | — | Apr 2010 | DFLEX vs DBLTX | |
| DoubleLine Income Solutions Fund | High Yield Bonds | 3 | 1.75% | — | Apr 2013 | DFLEX vs DSL | |
| DoubleLine Yield Opportunities Fund | Multisector Bonds | 2 | -0.70% | — | Feb 2020 | DFLEX vs DLY | |
| DoubleLine Shiller Enhanced CAPE | Large Cap Blend Equities | 5 | -2.36% | — | Oct 2013 | DFLEX vs DSEEX | |
| DoubleLine Low Duration Bond Fund | Short-Term Bond | 97 | 1.06% | — | Sep 2011 | DFLEX vs DBLSX | |
| Doubleline Selective Credit Fund | Multisector Bonds | 94 | 1.85% | — | Aug 2014 | DFLEX vs DBSCX | |
| DoubleLine Core Fixed Income Fund | Intermediate Core-Plus Bond | 16 | -0.31% | — | Jun 2010 | DFLEX vs DBLFX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | Emerging Markets Bonds | 98 | 1.21% | — | Apr 2014 | DFLEX vs DBLLX | |
| DoubleLine Strategic Commodity Fund | Commodities | 46 | 20.78% | — | May 2015 | DFLEX vs DBCMX | |
| DoubleLine Infrastructure Income Fund | Intermediate Core-Plus Bond | 38 | 0.75% | — | Apr 2016 | DFLEX vs BILDX |
Often Compared With DFLEX
Investors most often compare DFLEX with VIITX, CGMS, VFSUX. These 20 comparison targets span 6 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