BILDX vs. DLY
BILDX (DoubleLine Infrastructure Income Fund) and DLY (DoubleLine Yield Opportunities Fund) are both mutual funds - BILDX is a Intermediate Core-Plus Bond fund managed by DoubleLine, while DLY is a Multisector Bonds fund actively managed by DoubleLine. Over the past 5 years, BILDX returned 1.71%/yr vs 1.85%/yr for DLY. At a 0.22 correlation, their price movements are largely independent. BILDX charges 0.57%/yr vs 2.91%/yr for DLY.
Performance
BILDX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, BILDX achieves a 0.75% return, which is significantly higher than DLY's -0.70% return.
BILDX
- 1D
- -0.32%
- 1M
- 0.41%
- YTD
- 0.75%
- 6M
- 0.90%
- 1Y
- 4.78%
- 3Y*
- 5.98%
- 5Y*
- 1.71%
- 10Y*
- —
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
BILDX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BILDX DoubleLine Infrastructure Income Fund | 0.75% | 7.59% | 4.41% | 8.89% | -11.54% | 0.14% | 2.93% |
DLY DoubleLine Yield Opportunities Fund | -0.70% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
Correlation
The correlation between BILDX and DLY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.22 |
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Return for Risk
BILDX vs. DLY — Risk / Return Rank
BILDX
DLY
BILDX vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Infrastructure Income Fund (BILDX) 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.
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.
| BILDX | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.96 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | -0.25 | +2.53 |
| Martin ratioReturn relative to average drawdown | 7.15 | -0.62 | +7.77 |
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Drawdowns
BILDX vs. DLY - Drawdown Comparison
The maximum BILDX drawdown since its inception was -15.68%, smaller than the maximum DLY drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for BILDX and DLY.
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Drawdown Indicators
| BILDX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.68% | -28.61% | +12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -8.74% | +6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -10.81% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -28.61% | +12.93% |
Current DrawdownCurrent decline from peak | -0.78% | -4.79% | +4.01% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -7.79% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 3.56% | -2.86% |
Volatility
BILDX vs. DLY - Volatility Comparison
The current volatility for DoubleLine Infrastructure Income Fund (BILDX) is 0.94%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.62%. This indicates that BILDX experiences smaller price fluctuations and is considered to be less risky 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
| BILDX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.62% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 6.87% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 8.14% | -5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 13.58% | -9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 15.00% | -10.91% |
BILDX vs. DLY - Expense Ratio Comparison
BILDX has a 0.57% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
BILDX vs. DLY - Dividend Comparison
BILDX's dividend yield for the trailing twelve months is around 4.94%, less than DLY's 10.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BILDX DoubleLine Infrastructure Income Fund | 4.94% | 4.64% | 4.11% | 3.42% | 3.31% | 3.45% | 2.89% | 3.40% | 3.18% | 3.22% |
DLY DoubleLine Yield Opportunities Fund | 10.18% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BILDX and DLY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.62%) compared to BILDX (0.94%). In terms of maximum drawdown, BILDX dropped -15.68% vs DLY's -28.61%.
BILDX currently has the higher Sharpe Ratio (1.63 vs -0.27), 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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