BWDTX vs. DBLIX

Last updated Apr 1, 2026

Compare and contrast key facts about Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and DoubleLine Income Fund (DBLIX).

BWDTX is managed by Boyd Watterson. It was launched on Jul 28, 2016. DBLIX is managed by DoubleLine. It was launched on Sep 2, 2019.

Performance

BWDTX vs. DBLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and DoubleLine Income Fund (DBLIX). The values are adjusted to include any dividend payments, if applicable.

BWDTX vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund	0.05%	7.14%	4.92%	9.80%	-3.16%	2.32%	4.66%	0.98%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-5.09%	0.39%

Returns By Period

BWDTX

• 1D: 0.15%
• 1M: -0.85%
• YTD: 0.05%
• 6M: 1.65%
• 1Y: 5.72%
• 3Y*: 6.45%
• 5Y*: 4.05%
• 10Y*: —

DBLIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BWDTX vs. DBLIX - Expense Ratio Comparison

BWDTX has a 0.40% expense ratio, which is lower than DBLIX's 0.65% expense ratio.

DBLIX

DoubleLine Income Fund

BWDTX

Boyd Watterson Limited Duration Enhanced Income Fund

Return for Risk

BWDTX vs. DBLIX — Risk / Return Rank

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

BWDTX

BWDTX Risk / Return Rank: 93
BWDTX Sharpe Ratio Rank: 96
BWDTX Sortino Ratio Rank: 92
BWDTX Omega Ratio Rank: 97
BWDTX Calmar Ratio Rank: 91
BWDTX Martin Ratio Rank: 92

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.

BWDTX vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and DoubleLine Income Fund (DBLIX). 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.

	BWDTX	DBLIX	Difference
Sharpe ratio Return per unit of total volatility	2.31	—	—
Sortino ratio Return per unit of downside risk	2.78	—	—
Omega ratio Gain probability vs. loss probability	1.70	—	—
Calmar ratio Return relative to maximum drawdown	2.58	—	—
Martin ratio Return relative to average drawdown	10.82	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BWDTX	DBLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.76	—	—

Correlation

The correlation between BWDTX and DBLIX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BWDTX vs. DBLIX - Dividend Comparison

BWDTX's dividend yield for the trailing twelve months is around 5.74%, more than DBLIX's 5.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund	5.74%	5.70%	4.13%	5.51%	3.80%	3.20%	3.18%	3.47%	4.18%	2.90%	1.35%
DBLIX DoubleLine Income Fund	5.20%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	BWDTX	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.06%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.35%	—	—
Current Drawdown Current decline from peak	-0.85%	—	—
Average Drawdown Average peak-to-trough decline	-0.69%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	—	—

Volatility

Volatility by Period

	BWDTX	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.93%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.19%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.21%	—	—