BRMSX vs. DFLEX
BRMSX (Bramshill Income Performance Fund) and DFLEX (DoubleLine Flexible Income Fund) are both Nontraditional Bonds funds. Over the past 5 years, BRMSX returned 2.06%/yr vs 3.19%/yr for DFLEX. At a 0.43 correlation, their price movements are largely independent. BRMSX charges 1.03%/yr vs 0.74%/yr for DFLEX.
Performance
BRMSX vs. DFLEX - Performance Comparison
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Returns By Period
In the year-to-date period, BRMSX achieves a 1.24% return, which is significantly lower than DFLEX's 1.72% return.
BRMSX
- 1D
- 0.10%
- 1M
- 1.50%
- YTD
- 1.24%
- 6M
- 1.43%
- 1Y
- 4.88%
- 3Y*
- 4.92%
- 5Y*
- 2.06%
- 10Y*
- —
DFLEX
- 1D
- 0.11%
- 1M
- 0.57%
- YTD
- 1.72%
- 6M
- 1.83%
- 1Y
- 5.42%
- 3Y*
- 7.36%
- 5Y*
- 3.19%
- 10Y*
- 3.73%
BRMSX vs. DFLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRMSX Bramshill Income Performance Fund | 1.24% | 4.78% | 3.10% | 7.12% | -6.11% | 2.53% | 7.49% | 8.87% | 0.68% | 0.97% |
DFLEX DoubleLine Flexible Income Fund | 1.72% | 6.58% | 8.65% | 7.84% | -8.48% | 3.79% | 2.93% | 7.21% | 0.10% | 5.27% |
Correlation
The correlation between BRMSX and DFLEX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.43 |
Over the past year, BRMSX and DFLEX have become more correlated (0.63) than their long-term average of 0.43, meaning their price movements have been converging.
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Return for Risk
BRMSX vs. DFLEX — Risk / Return Rank
BRMSX
DFLEX
BRMSX vs. DFLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bramshill Income Performance Fund (BRMSX) and DoubleLine Flexible Income Fund (DFLEX). 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.
| BRMSX | DFLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -5.24 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 2.19 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 6.10 | -4.59 |
| Martin ratioReturn relative to average drawdown | 3.94 | 27.31 | -23.37 |
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Drawdowns
BRMSX vs. DFLEX - Drawdown Comparison
The maximum BRMSX drawdown since its inception was -17.06%, roughly equal to the maximum DFLEX drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for BRMSX and DFLEX.
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Drawdown Indicators
| BRMSX | DFLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.06% | -17.29% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -0.91% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.52% | -1.15% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -9.49% | -11.00% | +1.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.29% | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.11% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -1.55% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.20% | +1.04% |
Volatility
BRMSX vs. DFLEX - Volatility Comparison
Bramshill Income Performance Fund (BRMSX) has a higher volatility of 1.02% compared to DoubleLine Flexible Income Fund (DFLEX) at 0.55%. This indicates that BRMSX's price experiences larger fluctuations and is considered to be riskier than DFLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRMSX | DFLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.55% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 1.07% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 1.37% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 1.93% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 2.73% | +2.52% |
BRMSX vs. DFLEX - Expense Ratio Comparison
BRMSX has a 1.03% expense ratio, which is higher than DFLEX's 0.74% expense ratio.
Dividends
BRMSX vs. DFLEX - Dividend Comparison
BRMSX's dividend yield for the trailing twelve months is around 4.38%, less than DFLEX's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRMSX Bramshill Income Performance Fund | 4.38% | 3.96% | 4.36% | 4.49% | 2.53% | 2.50% | 3.38% | 3.38% | 4.08% | 3.43% | 0.00% | 0.00% |
DFLEX DoubleLine Flexible Income Fund | 5.53% | 5.68% | 6.05% | 5.95% | 4.72% | 3.86% | 3.96% | 4.46% | 4.46% | 3.82% | 3.75% | 4.32% |
Frequently Asked Questions
BRMSX and DFLEX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRMSX has higher volatility (1.02%) compared to DFLEX (0.55%). In terms of maximum drawdown, BRMSX dropped -17.06% vs DFLEX's -17.29%.
DFLEX currently has the higher Sharpe Ratio (4.06 vs 1.14), 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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