BINC vs. DSL
BINC (iShares Flexible Income Active ETF) and DSL (DoubleLine Income Solutions Fund) are both funds - BINC is a Multisector Bonds fund actively managed by iShares, while DSL is a High Yield Bonds fund managed by DoubleLine. Over the past 3 years, BINC returned 6.84%/yr vs 8.54%/yr for DSL. At a 0.41 correlation, their price movements are largely independent. BINC charges 0.40%/yr vs 2.28%/yr for DSL.
Performance
BINC vs. DSL - Performance Comparison
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Returns By Period
In the year-to-date period, BINC achieves a 0.61% return, which is significantly lower than DSL's 1.29% return.
BINC
- 1D
- -0.12%
- 1M
- -0.31%
- YTD
- 0.61%
- 6M
- 1.20%
- 1Y
- 5.51%
- 3Y*
- 6.84%
- 5Y*
- —
- 10Y*
- —
DSL
- 1D
- -0.09%
- 1M
- -1.36%
- YTD
- 1.29%
- 6M
- 2.38%
- 1Y
- -0.92%
- 3Y*
- 8.54%
- 5Y*
- 0.87%
- 10Y*
- 5.21%
BINC vs. DSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 0.61% | 7.57% | 5.76% | 7.12% |
DSL DoubleLine Income Solutions Fund | 1.29% | -0.01% | 15.00% | 15.10% |
Correlation
The correlation between BINC and DSL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.41 |
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Return for Risk
BINC vs. DSL — Risk / Return Rank
BINC
DSL
BINC vs. DSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and DoubleLine Income Solutions Fund (DSL). 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.
| BINC | DSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.59 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.99 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.08 | +2.14 |
| Martin ratioReturn relative to average drawdown | 8.08 | -0.17 | +8.24 |
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
| BINC | DSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | -0.10 | +2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.32 | 0.21 | +2.12 |
Drawdowns
BINC vs. DSL - Drawdown Comparison
The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum DSL drawdown of -49.51%. Use the drawdown chart below to compare losses from any high point for BINC and DSL.
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Drawdown Indicators
| BINC | DSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -49.51% | +46.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -11.16% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | -14.43% | +11.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.51% | — |
Current DrawdownCurrent decline from peak | -0.77% | -6.46% | +5.69% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -8.74% | +8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 5.59% | -4.91% |
Volatility
BINC vs. DSL - Volatility Comparison
The current volatility for iShares Flexible Income Active ETF (BINC) is 0.70%, while DoubleLine Income Solutions Fund (DSL) has a volatility of 3.53%. This indicates that BINC experiences smaller price fluctuations and is considered to be less risky than DSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BINC | DSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 3.53% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 7.56% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 9.28% | -7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.00% | 14.84% | -11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.00% | 20.10% | -17.10% |
BINC vs. DSL - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is lower than DSL's 2.28% expense ratio.
Dividends
BINC vs. DSL - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.88%, less than DSL's 12.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.88% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DSL DoubleLine Income Solutions Fund | 12.14% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
Frequently Asked Questions
BINC and DSL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSL has higher volatility (3.53%) compared to BINC (0.70%). In terms of maximum drawdown, BINC dropped -2.69% vs DSL's -49.51%.
BINC currently has the higher Sharpe Ratio (2.43 vs -0.10), 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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