DBCMX vs. DFLEX
DBCMX (DoubleLine Strategic Commodity Fund) and DFLEX (DoubleLine Flexible Income Fund) are both mutual funds - DBCMX is a Commodities fund managed by DoubleLine, while DFLEX is a Nontraditional Bonds fund managed by DoubleLine. Over the past 10 years, DBCMX returned 7.53%/yr vs 3.60%/yr for DFLEX. Their 0.06 correlation means their historical movements had little consistent relationship. DBCMX charges 1.02%/yr vs 0.74%/yr for DFLEX.
Performance
DBCMX vs. DFLEX - Performance Comparison
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Returns By Period
In the year-to-date period, DBCMX achieves a 29.78% return, which is significantly higher than DFLEX's 1.97% return. Over the past 10 years, DBCMX has outperformed DFLEX with an annualized return of 7.53%, while DFLEX has yielded a comparatively lower 3.60% annualized return.
DBCMX
- 1D
- -0.43%
- 1M
- 8.57%
- 6M
- 23.78%
- YTD
- 29.78%
- 1Y
- 35.56%
- 3Y*
- 9.18%
- 5Y*
- 9.45%
- 10Y*
- 7.53%
- ALL TIME*
- 7.63%
DFLEX
- 1D
- 0.12%
- 1M
- 0.12%
- 6M
- 1.43%
- YTD
- 1.97%
- 1Y
- 4.43%
- 3Y*
- 7.23%
- 5Y*
- 3.12%
- 10Y*
- 3.60%
- ALL TIME*
- 3.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DBCMX vs. DFLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 29.78% | 6.10% | 0.45% | -3.96% | 13.40% | 31.24% | -6.07% | 4.78% | -10.65% | 9.17% |
DFLEX DoubleLine Flexible Income Fund | 1.97% | 6.58% | 8.65% | 7.84% | -8.48% | 3.79% | 2.93% | 7.21% | 0.10% | 5.27% |
Correlation
The correlation between DBCMX and DFLEX is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.06 |
The correlation between DBCMX and DFLEX shifts across timeframes, from -0.23 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBCMX vs. DFLEX — Risk / Return Rank
DBCMX
DFLEX
DBCMX vs. DFLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Strategic Commodity Fund (DBCMX) 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.
| DBCMX | DFLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.92 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 5.16 | -2.37 |
| Martin ratioReturn relative to average drawdown | 10.33 | 22.72 | -12.39 |
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Drawdowns
DBCMX vs. DFLEX - Drawdown Comparison
The maximum DBCMX drawdown since its inception was -37.62%, which is greater than DFLEX's maximum drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for DBCMX and DFLEX.
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Drawdown Indicators
| DBCMX | DFLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -17.29% | -20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -0.91% | -11.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -1.15% | -13.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.60% | -11.00% | -16.60% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | -17.29% | -20.33% |
Current DrawdownCurrent decline from peak | -3.20% | 0.00% | -3.20% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -1.54% | -11.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 0.21% | +3.04% |
Volatility
DBCMX vs. DFLEX - Volatility Comparison
DoubleLine Strategic Commodity Fund (DBCMX) has a higher volatility of 4.43% compared to DoubleLine Flexible Income Fund (DFLEX) at 0.39%. This indicates that DBCMX'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
| DBCMX | DFLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 0.39% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 1.11% | +11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 1.39% | +13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 1.94% | +14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 2.73% | +11.88% |
DBCMX vs. DFLEX - Expense Ratio Comparison
DBCMX has a 1.02% expense ratio, which is higher than DFLEX's 0.74% expense ratio.
Dividends
DBCMX vs. DFLEX - Dividend Comparison
DBCMX's dividend yield for the trailing twelve months is around 2.34%, less than DFLEX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 2.34% | 3.04% | 2.89% | 3.30% | 46.88% | 13.53% | 0.00% | 1.04% | 1.21% | 5.23% | 0.51% | 0.00% |
DFLEX DoubleLine Flexible Income Fund | 5.05% | 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
DBCMX and DFLEX have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBCMX has higher volatility (4.43%) compared to DFLEX (0.39%). In terms of maximum drawdown, DBCMX dropped -37.62% vs DFLEX's -17.29%.
DFLEX currently has the higher Sharpe Ratio (3.37 vs 2.28), 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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