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 8.03%/yr vs 1.89%/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 18.01% return, which is significantly higher than DLY's 0.09% return.
DBCMX
- 1D
- -1.50%
- 1M
- -7.99%
- YTD
- 18.01%
- 6M
- 18.44%
- 1Y
- 24.84%
- 3Y*
- 8.85%
- 5Y*
- 8.03%
- 10Y*
- 6.14%
DLY
- 1D
- 0.73%
- 1M
- 0.12%
- YTD
- 0.09%
- 6M
- 0.44%
- 1Y
- -1.75%
- 3Y*
- 8.35%
- 5Y*
- 1.89%
- 10Y*
- —
DBCMX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 18.01% | 6.10% | 0.45% | -3.96% | 13.40% | 31.24% | 4.34% |
DLY DoubleLine Yield Opportunities Fund | 0.09% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
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 26, 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.
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 | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.97 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | -0.20 | +2.28 |
| Martin ratioReturn relative to average drawdown | 10.41 | -0.49 | +10.90 |
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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 | -11.98% | -8.74% | -3.24% |
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 | -11.98% | -4.03% | -7.95% |
Average DrawdownAverage peak-to-trough decline | -13.23% | -7.79% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 3.58% | -1.19% |
Volatility
DBCMX vs. DLY - Volatility Comparison
DoubleLine Strategic Commodity Fund (DBCMX) has a higher volatility of 4.05% compared to DoubleLine Yield Opportunities Fund (DLY) at 1.79%. 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 | 4.05% | 1.79% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 6.91% | +5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 8.17% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 13.58% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 14.99% | -0.36% |
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 2.57%, less than DLY's 10.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 2.57% | 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 | 10.10% | 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 (4.05%) compared to DLY (1.79%). In terms of maximum drawdown, DBCMX dropped -37.62% vs DLY's -28.61%.
DBCMX currently has the higher Sharpe Ratio (1.79 vs -0.21), 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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