- ISIN
- US25862D1054
- Issuer
- DoubleLine
- Inception Date
- Feb 26, 2020
- Category
- Multisector Bonds
- Min. Investment
- $0
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
DLY Performance Chart
DoubleLine Yield Opportunities Fund (DLY) is down 0.0% since the beginning of the year. DLY is currently trading at $14 per share. Investors who bought $1,000 worth of DLY shares 5 years ago would now be looking at an investment worth $1,108.
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Returns By Period
DoubleLine Yield Opportunities Fund (DLY) has returned -0.02% so far this year and -1.88% over the past 12 months.
DoubleLine Yield Opportunities Fund
- 1D
- -0.21%
- 1M
- -1.36%
- YTD
- -0.02%
- 6M
- 0.51%
- 1Y
- -1.88%
- 3Y*
- 9.23%
- 5Y*
- 2.07%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
DLY Monthly Returns History
Based on dividend-adjusted daily data since Feb 26, 2020, DLY's average daily return is +0.02%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 56% of months were positive and 44% were negative. The best month was Jan 2023 with a return of +12.6%, while the worst month was Sep 2022 at -8.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DLY closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +9.3%, while the worst single day was Apr 4, 2025 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.66% | -0.10% | -4.39% | 3.36% | -0.51% | -0.85% | -0.02% | ||||||
| 2025 | 2.52% | 1.84% | -0.45% | -4.78% | 4.00% | 0.05% | -0.53% | 1.48% | -1.97% | -1.28% | -0.08% | 0.12% | 0.63% |
| 2024 | 1.60% | 6.41% | 1.44% | -4.40% | 4.00% | 1.84% | 1.69% | 3.25% | 2.30% | -4.21% | 4.87% | -2.96% | 16.29% |
| 2023 | 12.56% | -3.03% | 0.14% | -0.03% | 0.90% | 5.54% | 0.04% | 1.34% | 2.40% | -2.82% | 2.72% | 4.05% | 25.48% |
| 2022 | -3.08% | -3.24% | -2.55% | -4.83% | -3.44% | -4.71% | 6.86% | -1.96% | -8.05% | -1.84% | 8.01% | -5.90% | -23.08% |
| 2021 | 3.22% | 1.29% | 0.72% | 4.33% | 0.95% | 0.99% | 0.24% | 0.34% | -3.30% | 2.33% | -4.11% | 1.56% | 8.56% |
Benchmark Metrics
DoubleLine Yield Opportunities Fund has an annualized alpha of -1.60%, beta of 0.34, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since February 27, 2020.
- This fund participated in 67.62% of S&P 500 Index downside but only 37.22% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.34 may look defensive, but with R2 of 0.21 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 0.21 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
- -1.60%
- Beta
- 0.34
- R²
- 0.21
- Upside Capture
- 37.22%
- Downside Capture
- 67.62%
Expense Ratio
DLY has a high expense ratio of 2.91%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DLY ranks 2 for risk / return — in the bottom 2% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and compare them to S&P 500 Index.
| DLY | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.23 | 2.39 | -2.62 |
Sortino ratioReturn per unit of downside risk | -0.28 | 3.25 | -3.54 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.43 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.11 | -3.33 |
Martin ratioReturn relative to average drawdown | -0.56 | 14.38 | -14.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
DoubleLine Yield Opportunities Fund provided a 10.03% dividend yield over the last twelve months, with an annual payout of $1.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.40 | $1.40 | $1.40 | $1.46 | $1.40 | $1.40 | $1.05 |
Dividend yield | 10.03% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% |
Monthly Dividends
The table displays the monthly dividend distributions for DoubleLine Yield Opportunities 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 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.00 | $0.58 | ||||||
| 2025 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.40 |
| 2024 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.40 |
| 2023 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.18 | $1.46 |
| 2022 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.40 |
| 2021 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.40 |
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 Yield Opportunities 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 Yield Opportunities Fund was 28.61%, occurring on Oct 24, 2022. Recovery took 340 trading sessions.
The current DoubleLine Yield Opportunities Fund drawdown is 4.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -28.61%Oct 2022 | 1y 4d | 1y 4mo | 2y 4moOct 2021 - Mar 2024 |
COVID crash2020 | -17.49%Mar 2020 | 25d | 9mo 26d | 10mo 21dFeb 2020 - Jan 2021 |
2025 selloff2025 | -10.81%Apr 2025 | 1mo 4d | 5mo 1d | 6mo 5dMar 2025 - Sep 2025 |
2026 pullback2026 | -8.74%Mar 2026 | 6mo 21d | — | 8mo 26dSep 2025 - now |
2024 pullback2024 | -5.65%Apr 2024 | 8d | 20d | 28dApr 2024 - May 2024 |
Drawdown Indicators
| DLY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -56.78% | +28.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -9.10% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -18.90% | +8.09% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -25.43% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.14% | 0.00% | -4.14% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -10.72% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.97% | +1.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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