DoubleLine Yield Opportunities Fund (DLY) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DLY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DLY
DLY charges 2.91% annually. There are 88 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | DLY vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | DLY vs VMSAX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | DLY vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | DLY vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | DLY vs MOFIX |
Best Risk-Adjusted Alternatives to DLY
DLY has a PortfoliosLab risk / return rank of 2. There are 88 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | DLY vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | DLY vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | DLY vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | DLY vs CBLDX | |
| Intrepid Income Fund | 97 | — | Jul 2007 | DLY vs ICMUX |
Top Performing DLY Alternatives (YTD)
DLY is at -0.02% YTD. There are 78 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 5.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 5.21% | — | Jan 2011 | DLY vs ACP | |
| Saba Capital Income & Opportunities Fund | 5.04% | — | Dec 1987 | DLY vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 2.71% | — | May 2016 | DLY vs LFLIX | |
| Intrepid Income Fund | 2.43% | — | Jul 2007 | DLY vs ICMUX | |
| Nationwide Amundi Strategic Income Fund | 2.19% | — | Nov 2015 | DLY vs NWXHX |
Lowest Volatility Alternatives to DLY
DLY has 8.09% 1-year volatility. There are 81 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.16% | — | Nov 2015 | DLY vs NWXHX | |
| Nationwide Strategic Income A | 1.21% | — | Nov 2015 | DLY vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.29% | — | Jul 2016 | DLY vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.39% | — | Jan 2018 | DLY vs CBLDX | |
| Rational Special Situations Income Fund | 1.41% | — | Jul 2019 | DLY vs RFXIX |
Lowest Drawdown Alternatives to DLY
DLY has a 1-year max drawdown of -8.74%. There are 82 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | DLY vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | DLY vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | DLY vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | DLY vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | DLY vs BWDTX |
Other Mutual Funds from DoubleLine
The 10 most viewed DoubleLine mutual funds shown here include DBLTX, DSL, DSEEX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DoubleLine Total Return Bond Fund Class I | Total Bond Market | 19 | 0.01% | — | Apr 2010 | DLY vs DBLTX | |
| DoubleLine Income Solutions Fund | High Yield Bonds | 3 | 2.22% | — | Apr 2013 | DLY vs DSL | |
| DoubleLine Shiller Enhanced CAPE | Large Cap Blend Equities | 5 | -1.59% | — | Oct 2013 | DLY vs DSEEX | |
| DoubleLine Low Duration Bond Fund | Short-Term Bond | 97 | 1.06% | — | Sep 2011 | DLY vs DBLSX | |
| DoubleLine Core Fixed Income Fund | Intermediate Core-Plus Bond | 19 | -0.09% | — | Jun 2010 | DLY vs DBLFX | |
| DoubleLine Flexible Income Fund | Nontraditional Bonds | 98 | 1.61% | — | Apr 2014 | DLY vs DFLEX | |
| DoubleLine Strategic Commodity Fund | Commodities | 88 | 28.95% | — | May 2015 | DLY vs DBCMX | |
| DoubleLine Infrastructure Income Fund | Intermediate Core-Plus Bond | 44 | 0.86% | — | Apr 2016 | DLY vs BILDX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | Emerging Markets Bonds | 98 | 1.10% | — | Apr 2014 | DLY vs DBLLX | |
| DoubleLine Income Fund | Multisector Bonds | — | — | — | Sep 2019 | DLY vs DBLIX |
Often Compared With DLY
Investors most often compare DLY with CEFS, DIVO, JEPQ. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare DLY with Any Fund or Stock
Compare DLY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DLY with funds that move differently
DoubleLine Yield Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DLY.
Explore DLY Diversifiers