ASIEX vs. DBSCX
ASIEX (American Century Strategic Income Fund) and DBSCX (Doubleline Selective Credit Fund) are both Multisector Bonds funds. Over the past 10 years, ASIEX returned 3.59%/yr vs 4.54%/yr for DBSCX. A 0.53 correlation means they provide meaningful diversification when combined. ASIEX charges 0.73%/yr vs 0.05%/yr for DBSCX.
Performance
ASIEX vs. DBSCX - Performance Comparison
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Returns By Period
In the year-to-date period, ASIEX achieves a 0.47% return, which is significantly lower than DBSCX's 1.85% return. Over the past 10 years, ASIEX has underperformed DBSCX with an annualized return of 3.59%, while DBSCX has yielded a comparatively higher 4.54% annualized return.
ASIEX
- 1D
- -0.22%
- 1M
- 0.55%
- YTD
- 0.47%
- 6M
- 1.03%
- 1Y
- 5.07%
- 3Y*
- 6.30%
- 5Y*
- 1.82%
- 10Y*
- 3.59%
DBSCX
- 1D
- -0.13%
- 1M
- 0.52%
- YTD
- 1.85%
- 6M
- 1.93%
- 1Y
- 6.01%
- 3Y*
- 7.62%
- 5Y*
- 3.80%
- 10Y*
- 4.54%
ASIEX vs. DBSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIEX American Century Strategic Income Fund | 0.47% | 8.01% | 4.91% | 7.22% | -11.12% | 2.33% | 9.17% | 9.77% | -1.62% | 6.01% |
DBSCX Doubleline Selective Credit Fund | 1.85% | 8.46% | 7.78% | 8.55% | -8.10% | 4.13% | 1.83% | 5.68% | 3.03% | 8.75% |
Correlation
The correlation between ASIEX and DBSCX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.53 |
The correlation between ASIEX and DBSCX shifts across timeframes, from 0.53 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASIEX vs. DBSCX — Risk / Return Rank
ASIEX
DBSCX
ASIEX vs. DBSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Strategic Income Fund (ASIEX) and Doubleline Selective Credit Fund (DBSCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASIEX | DBSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.72 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 4.78 | -3.10 |
| Martin ratioReturn relative to average drawdown | 6.09 | 19.37 | -13.28 |
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Drawdowns
ASIEX vs. DBSCX - Drawdown Comparison
The maximum ASIEX drawdown since its inception was -14.31%, roughly equal to the maximum DBSCX drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for ASIEX and DBSCX.
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Drawdown Indicators
| ASIEX | DBSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -14.12% | -0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -1.32% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -1.91% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -9.52% | -4.79% |
Max Drawdown (10Y)Largest decline over 10 years | -14.31% | -14.12% | -0.19% |
Current DrawdownCurrent decline from peak | -1.14% | -0.27% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -1.24% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.33% | +0.54% |
Volatility
ASIEX vs. DBSCX - Volatility Comparison
American Century Strategic Income Fund (ASIEX) has a higher volatility of 1.13% compared to Doubleline Selective Credit Fund (DBSCX) at 0.63%. This indicates that ASIEX's price experiences larger fluctuations and is considered to be riskier than DBSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIEX | DBSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.63% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 1.55% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 2.02% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 2.72% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.97% | 2.91% | +1.06% |
ASIEX vs. DBSCX - Expense Ratio Comparison
ASIEX has a 0.73% expense ratio, which is higher than DBSCX's 0.05% expense ratio.
Dividends
ASIEX vs. DBSCX - Dividend Comparison
ASIEX's dividend yield for the trailing twelve months is around 5.34%, less than DBSCX's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIEX American Century Strategic Income Fund | 5.34% | 5.53% | 5.80% | 5.15% | 2.88% | 5.39% | 3.58% | 3.07% | 3.95% | 3.16% | 3.53% | 4.23% |
DBSCX Doubleline Selective Credit Fund | 6.56% | 6.50% | 7.09% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% |
Frequently Asked Questions
ASIEX and DBSCX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASIEX has higher volatility (1.13%) compared to DBSCX (0.63%). In terms of maximum drawdown, ASIEX dropped -14.31% vs DBSCX's -14.12%.
DBSCX currently has the higher Sharpe Ratio (3.13 vs 1.55), 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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