DBCMX vs. DLY
DBCMX (DoubleLine Strategic Commodity Fund) and DLY (DoubleLine Yield Opportunities Fund) are both mutual funds - DBCMX is a Commodities fund managed by DoubleLine, while DLY is a Multisector Bonds fund actively managed by DoubleLine. Over the past 5 years, DBCMX returned 9.83%/yr vs 2.07%/yr for DLY. At a 0.14 correlation, their price movements are largely independent. DBCMX charges 1.02%/yr vs 2.91%/yr for DLY.
Performance
DBCMX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, DBCMX achieves a 29.36% return, which is significantly higher than DLY's -0.38% 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%
DLY
- 1D
- -0.36%
- 1M
- -1.37%
- YTD
- -0.38%
- 6M
- 0.15%
- 1Y
- -2.54%
- 3Y*
- 9.10%
- 5Y*
- 2.07%
- 10Y*
- —
DBCMX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 29.36% | 6.10% | 0.45% | -3.96% | 13.40% | 31.24% | 5.35% |
DLY DoubleLine Yield Opportunities Fund | -0.38% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -3.06% |
Correlation
The correlation between DBCMX and DLY is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.14 |
The correlation between DBCMX and DLY shifts across timeframes, from -0.07 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBCMX vs. DLY — Risk / Return Rank
DBCMX
DLY
DBCMX vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Strategic Commodity Fund (DBCMX) and DoubleLine Yield Opportunities Fund (DLY). 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 | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.12 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.95 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 7.09 | -0.29 | +7.38 |
| Martin ratioReturn relative to average drawdown | 26.68 | -0.75 | +27.43 |
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
| DBCMX | DLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | -0.32 | +3.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.15 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.18 | +0.35 |
Drawdowns
DBCMX vs. DLY - Drawdown Comparison
The maximum DBCMX drawdown since its inception was -37.62%, which is greater than DLY's maximum drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for DBCMX and DLY.
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Drawdown Indicators
| DBCMX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -28.61% | -9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -8.74% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -10.81% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -27.60% | -28.61% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -37.62% | — | — |
Current DrawdownCurrent decline from peak | -3.51% | -4.48% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -7.82% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 3.40% | -1.95% |
Volatility
DBCMX vs. DLY - Volatility Comparison
DoubleLine Strategic Commodity Fund (DBCMX) has a higher volatility of 5.92% compared to DoubleLine Yield Opportunities Fund (DLY) at 1.93%. This indicates that DBCMX's price experiences larger fluctuations and is considered to be riskier than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBCMX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 1.93% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 6.85% | +5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 8.09% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 13.57% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 15.05% | -0.41% |
DBCMX vs. DLY - Expense Ratio Comparison
DBCMX has a 1.02% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
DBCMX vs. DLY - Dividend Comparison
DBCMX's dividend yield for the trailing twelve months is around 2.35%, less than DLY's 10.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DLY DoubleLine Yield Opportunities Fund | 10.07% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBCMX and DLY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBCMX has higher volatility (5.92%) compared to DLY (1.93%). In terms of maximum drawdown, DBCMX dropped -37.62% vs DLY's -28.61%.
DBCMX currently has the higher Sharpe Ratio (2.84 vs -0.32), 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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