AM vs. DLY
AM (Antero Midstream Corporation) is a stock, while DLY (DoubleLine Yield Opportunities Fund) is Multisector Bonds fund actively managed by DoubleLine. Over the past 5 years, AM returned 24.10%/yr vs 1.85%/yr for DLY. At a 0.21 correlation, their price movements are largely independent.
Performance
AM vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, AM achieves a 22.62% return, which is significantly higher than DLY's -1.24% return.
AM
- 1D
- -0.88%
- 1M
- 1.96%
- YTD
- 22.62%
- 6M
- 16.77%
- 1Y
- 19.29%
- 3Y*
- 32.87%
- 5Y*
- 24.10%
- 10Y*
- 7.20%
DLY
- 1D
- -0.22%
- 1M
- -2.35%
- YTD
- -1.24%
- 6M
- -0.58%
- 1Y
- -3.01%
- 3Y*
- 8.31%
- 5Y*
- 1.85%
- 10Y*
- —
AM vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 22.62% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 110.58% |
DLY DoubleLine Yield Opportunities Fund | -1.24% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -3.06% |
Correlation
The correlation between AM and DLY is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.21 |
The correlation between AM and DLY shifts across timeframes, from -0.01 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AM vs. DLY — Risk / Return Rank
AM
DLY
AM vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Antero Midstream Corporation (AM) and DoubleLine Yield Opportunities Fund (DLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AM | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.94 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.35 | +1.88 |
| Martin ratioReturn relative to average drawdown | 3.18 | -0.88 | +4.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AM | DLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | -0.37 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.14 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.17 | -0.04 |
Drawdowns
AM vs. DLY - Drawdown Comparison
The maximum AM drawdown since its inception was -93.01%, which is greater than DLY's maximum drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for AM and DLY.
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Drawdown Indicators
| AM | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -28.61% | -64.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -8.74% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -10.81% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -28.61% | +6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -93.01% | — | — |
Current DrawdownCurrent decline from peak | -8.68% | -5.31% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -31.42% | -7.82% | -23.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 3.44% | +2.66% |
Volatility
AM vs. DLY - Volatility Comparison
Antero Midstream Corporation (AM) has a higher volatility of 5.87% compared to DoubleLine Yield Opportunities Fund (DLY) at 1.94%. This indicates that AM's price experiences larger fluctuations and is considered to be riskier than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AM | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 1.94% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 6.87% | +7.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.88% | 8.12% | +12.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.55% | 13.57% | +12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.01% | 15.04% | +26.97% |
Dividends
AM vs. DLY - Dividend Comparison
AM's dividend yield for the trailing twelve months is around 4.22%, less than DLY's 10.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 4.22% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
DLY DoubleLine Yield Opportunities Fund | 10.16% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AM and DLY have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AM has higher volatility (5.87%) compared to DLY (1.94%). In terms of maximum drawdown, AM dropped -93.01% vs DLY's -28.61%.
AM currently has the higher Sharpe Ratio (0.93 vs -0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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