DBCMX vs. DLSNX

Last updated Jun 4, 2026

DBCMX (DoubleLine Strategic Commodity Fund) and DLSNX (DoubleLine Low Duration Bond Fund Class N) are both mutual funds - DBCMX is a Commodities fund managed by DoubleLine, while DLSNX is a Short-Term Bond fund actively managed by DoubleLine. Over the past 10 years, DBCMX returned 7.08%/yr vs 2.61%/yr for DLSNX. At a correlation of -0.03, they often move in opposite directions. DBCMX charges 1.02%/yr vs 0.70%/yr for DLSNX.

Performance

DBCMX vs. DLSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Strategic Commodity Fund (DBCMX) and DoubleLine Low Duration Bond Fund Class N (DLSNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBCMX achieves a 29.36% return, which is significantly higher than DLSNX's 0.96% return. Over the past 10 years, DBCMX has outperformed DLSNX with an annualized return of 7.08%, while DLSNX has yielded a comparatively lower 2.61% annualized return.

DBCMX

• 1D: 0.32%
• 1M: -0.85%
• YTD: 29.36%
• 6M: 30.72%
• 1Y: 37.84%
• 3Y*: 12.44%
• 5Y*: 9.83%
• 10Y*: 7.08%

DLSNX

• 1D: 0.00%
• 1M: 0.23%
• YTD: 0.96%
• 6M: 1.25%
• 1Y: 4.26%
• 3Y*: 5.22%
• 5Y*: 2.91%
• 10Y*: 2.61%

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

DBCMX vs. DLSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBCMX DoubleLine Strategic Commodity Fund	29.36%	6.10%	0.45%	-3.96%	13.40%	31.24%	-6.07%	4.78%	-10.65%	9.17%
DLSNX DoubleLine Low Duration Bond Fund Class N	0.96%	5.49%	5.06%	6.50%	-3.04%	0.56%	1.76%	4.47%	1.15%	2.30%

Correlation

The correlation between DBCMX and DLSNX is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.09
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	-0.03

The correlation between DBCMX and DLSNX shifts across timeframes, from -0.21 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DBCMX vs. DLSNX — Risk / Return Rank

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

DBCMX

DBCMX Risk / Return Rank: 87
DBCMX Sharpe Ratio Rank: 87
DBCMX Sortino Ratio Rank: 78
DBCMX Omega Ratio Rank: 77
DBCMX Calmar Ratio Rank: 97
DBCMX Martin Ratio Rank: 97

DLSNX

DLSNX Risk / Return Rank: 97
DLSNX Sharpe Ratio Rank: 97
DLSNX Sortino Ratio Rank: 97
DLSNX Omega Ratio Rank: 97
DLSNX Calmar Ratio Rank: 95
DLSNX Martin Ratio Rank: 97

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.

DBCMX vs. DLSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Strategic Commodity Fund (DBCMX) and DoubleLine Low Duration Bond Fund Class N (DLSNX). 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.

	DBCMX	DLSNX	Difference
Sharpe ratio: Return per unit of total volatility	2.84	3.60	-0.76
Sortino ratio: Return per unit of downside risk	3.72	5.99	-2.27
Omega ratio: Gain probability vs. loss probability	1.50	2.00	-0.50
Calmar ratio: Return relative to maximum drawdown	7.09	5.91	+1.18
Martin ratio: Return relative to average drawdown	26.68	27.86	-1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBCMX vs. DLSNX - Sharpe Ratio Comparison

The current DBCMX Sharpe Ratio is 2.84, which is comparable to the DLSNX Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of DBCMX and DLSNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBCMX	DLSNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	3.60	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	2.07	-1.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	1.67	-1.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.76	-1.23

Drawdowns

DBCMX vs. DLSNX - Drawdown Comparison

The maximum DBCMX drawdown since its inception was -37.62%, which is greater than DLSNX's maximum drawdown of -7.46%. Use the drawdown chart below to compare losses from any high point for DBCMX and DLSNX.

Drawdown Indicators

	DBCMX	DLSNX	Difference
Max Drawdown Largest peak-to-trough decline	-37.62%	-7.46%	-30.16%
Max Drawdown (1Y) Largest decline over 1 year	-5.48%	-0.72%	-4.76%
Max Drawdown (3Y) Largest decline over 3 years	-14.75%	-0.72%	-14.03%
Max Drawdown (5Y) Largest decline over 5 years	-27.60%	-4.91%	-22.69%
Max Drawdown (10Y) Largest decline over 10 years	-37.62%	-7.46%	-30.16%
Current Drawdown Current decline from peak	-3.51%	0.00%	-3.51%
Average Drawdown Average peak-to-trough decline	-13.27%	-0.41%	-12.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	0.15%	+1.30%

Volatility

DBCMX vs. DLSNX - Volatility Comparison

DoubleLine Strategic Commodity Fund (DBCMX) has a higher volatility of 5.92% compared to DoubleLine Low Duration Bond Fund Class N (DLSNX) at 0.35%. This indicates that DBCMX's price experiences larger fluctuations and is considered to be riskier than DLSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBCMX	DLSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	0.35%	+5.57%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	0.87%	+11.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	1.19%	+12.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	1.41%	+14.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.64%	1.57%	+13.07%

DBCMX vs. DLSNX - Expense Ratio Comparison

DBCMX has a 1.02% expense ratio, which is higher than DLSNX's 0.70% expense ratio.

Dividends

DBCMX vs. DLSNX - Dividend Comparison

DBCMX's dividend yield for the trailing twelve months is around 2.35%, less than DLSNX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBCMX DoubleLine Strategic Commodity Fund	2.35%	3.04%	2.89%	3.30%	46.88%	13.53%	0.00%	1.04%	1.21%	5.23%	0.51%	0.00%
DLSNX DoubleLine Low Duration Bond Fund Class N	4.30%	4.40%	4.85%	4.25%	2.24%	1.47%	2.12%	2.96%	2.67%	2.18%	2.27%	2.22%

Frequently Asked Questions

Can I hold both DBCMX and DLSNX in my portfolio?

DBCMX and DLSNX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBCMX or DLSNX?

DBCMX has higher volatility (5.92%) compared to DLSNX (0.35%). In terms of maximum drawdown, DBCMX dropped -37.62% vs DLSNX's -7.46%.

Which has better risk-adjusted returns?

DLSNX currently has the higher Sharpe Ratio (3.60 vs 2.84), 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.