BILDX vs. DLY

Last updated Apr 2, 2026

Compare and contrast key facts about DoubleLine Infrastructure Income Fund (BILDX) and DoubleLine Yield Opportunities Fund (DLY).

BILDX is managed by DoubleLine. It was launched on Apr 1, 2016. DLY is an actively managed fund by DoubleLine. It was launched on Feb 26, 2020.

Performance

BILDX vs. DLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Infrastructure Income Fund (BILDX) and DoubleLine Yield Opportunities Fund (DLY). The values are adjusted to include any dividend payments, if applicable.

BILDX vs. DLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BILDX DoubleLine Infrastructure Income Fund	-0.07%	7.59%	4.41%	8.89%	-11.54%	0.14%	3.02%
DLY DoubleLine Yield Opportunities Fund	-2.15%	0.63%	16.29%	25.48%	-23.08%	8.56%	-3.06%

Returns By Period

In the year-to-date period, BILDX achieves a -0.07% return, which is significantly higher than DLY's -2.15% return.

BILDX

• 1D: 0.21%
• 1M: -1.25%
• YTD: -0.07%
• 6M: 0.54%
• 1Y: 4.72%
• 3Y*: 5.68%
• 5Y*: 1.73%
• 10Y*: —

DLY

• 1D: -0.22%
• 1M: -4.40%
• YTD: -2.15%
• 6M: -4.06%
• 1Y: -5.33%
• 3Y*: 9.55%
• 5Y*: 2.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BILDX vs. DLY - Expense Ratio Comparison

BILDX has a 0.57% expense ratio, which is lower than DLY's 2.91% expense ratio.

DLY

DoubleLine Yield Opportunities Fund

BILDX

DoubleLine Infrastructure Income Fund

Return for Risk

BILDX vs. DLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BILDX

BILDX Risk / Return Rank: 74
BILDX Sharpe Ratio Rank: 76
BILDX Sortino Ratio Rank: 78
BILDX Omega Ratio Rank: 67
BILDX Calmar Ratio Rank: 80
BILDX Martin Ratio Rank: 68

DLY

DLY Risk / Return Rank: 1
DLY Sharpe Ratio Rank: 2
DLY Sortino Ratio Rank: 2
DLY Omega Ratio Rank: 1
DLY Calmar Ratio Rank: 1
DLY Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	BILDX	DLY	Difference
Sharpe ratio Return per unit of total volatility	1.44	-0.44	+1.87
Sortino ratio Return per unit of downside risk	2.06	-0.48	+2.55
Omega ratio Gain probability vs. loss probability	1.27	0.92	+0.35
Calmar ratio Return relative to maximum drawdown	2.06	-0.51	+2.57
Martin ratio Return relative to average drawdown	6.91	-1.39	+8.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BILDX vs. DLY - Sharpe Ratio Comparison

The current BILDX Sharpe Ratio is 1.44, which is higher than the DLY Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of BILDX and DLY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BILDX	DLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	-0.44	+1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.18	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.17	+0.56

Correlation

The correlation between BILDX and DLY is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BILDX vs. DLY - Dividend Comparison

BILDX's dividend yield for the trailing twelve months is around 4.43%, less than DLY's 10.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BILDX DoubleLine Infrastructure Income Fund	4.43%	4.64%	4.11%	3.42%	3.31%	3.45%	2.89%	3.40%	3.18%	3.22%
DLY DoubleLine Yield Opportunities Fund	10.08%	9.63%	8.85%	9.84%	10.67%	7.49%	5.67%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	BILDX	DLY	Difference
Max Drawdown Largest peak-to-trough decline	-15.68%	-28.61%	+12.93%
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	-10.25%	+7.82%
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	-28.61%	+12.93%
Current Drawdown Current decline from peak	-1.59%	-6.18%	+4.59%
Average Drawdown Average peak-to-trough decline	-3.03%	-7.94%	+4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	3.79%	-3.07%

Volatility

BILDX vs. DLY - Volatility Comparison

The current volatility for DoubleLine Infrastructure Income Fund (BILDX) is 1.36%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 5.13%. 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.

Volatility by Period

	BILDX	DLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	5.13%	-3.77%
Volatility (6M) Calculated over the trailing 6-month period	2.06%	6.47%	-4.41%
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	12.22%	-8.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.39%	13.53%	-9.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.11%	15.19%	-11.08%