DBELX vs. BILDX
DBELX (DoubleLine Emerging Markets Local Currency Bond Fund) and BILDX (DoubleLine Infrastructure Income Fund) are both mutual funds - DBELX is a Emerging Markets Bonds fund managed by DoubleLine, while BILDX is a Intermediate Core-Plus Bond fund managed by DoubleLine. Over the past 5 years, DBELX returned 3.56%/yr vs 1.39%/yr for BILDX. Their 0.31 correlation means their historical movements had little consistent relationship. DBELX charges 0.90%/yr vs 0.57%/yr for BILDX.
Performance
DBELX vs. BILDX - Performance Comparison
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Returns By Period
In the year-to-date period, DBELX achieves a 2.39% return, which is significantly higher than BILDX's 0.42% return.
DBELX
- 1D
- 0.84%
- 1M
- 0.00%
- 6M
- 0.10%
- YTD
- 2.39%
- 1Y
- 10.25%
- 3Y*
- 6.50%
- 5Y*
- 3.56%
- 10Y*
- —
- ALL TIME*
- 2.14%
BILDX
- 1D
- 0.00%
- 1M
- -0.74%
- 6M
- -0.07%
- YTD
- 0.42%
- 1Y
- 2.81%
- 3Y*
- 5.77%
- 5Y*
- 1.39%
- 10Y*
- —
- ALL TIME*
- 2.93%
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 |
DBELX vs. BILDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 2.39% | 20.86% | -4.37% | 12.50% | -6.99% | -9.37% | 2.61% | 0.89% |
BILDX DoubleLine Infrastructure Income Fund | 0.42% | 7.59% | 4.41% | 8.89% | -11.54% | 0.14% | 5.48% | 2.33% |
Correlation
The correlation between DBELX and BILDX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.31 |
The correlation between DBELX and BILDX shifts across timeframes, from 0.31 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBELX vs. BILDX — Risk / Return Rank
DBELX
BILDX
DBELX vs. BILDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) and DoubleLine Infrastructure Income Fund (BILDX). 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.
| DBELX | BILDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.58 | -0.03 |
| Martin ratioReturn relative to average drawdown | 5.15 | 4.74 | +0.41 |
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Drawdowns
DBELX vs. BILDX - Drawdown Comparison
The maximum DBELX drawdown since its inception was -21.95%, which is greater than BILDX's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for DBELX and BILDX.
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Drawdown Indicators
| DBELX | BILDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.95% | -15.68% | -6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -2.21% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -8.54% | -3.14% | -5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -15.60% | -1.89% |
Current DrawdownCurrent decline from peak | -1.80% | -1.11% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -2.96% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.73% | +1.34% |
Volatility
DBELX vs. BILDX - Volatility Comparison
DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has a higher volatility of 2.12% compared to DoubleLine Infrastructure Income Fund (BILDX) at 0.84%. This indicates that DBELX's price experiences larger fluctuations and is considered to be riskier than BILDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBELX | BILDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.84% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 2.39% | +4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.63% | 3.08% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 4.43% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 4.08% | +3.38% |
DBELX vs. BILDX - Expense Ratio Comparison
DBELX has a 0.90% expense ratio, which is higher than BILDX's 0.57% expense ratio.
Dividends
DBELX vs. BILDX - Dividend Comparison
DBELX's dividend yield for the trailing twelve months is around 5.25%, more than BILDX's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BILDX DoubleLine Infrastructure Income Fund | 4.56% | 4.64% | 4.11% | 3.42% | 3.31% | 3.45% | 2.89% | 3.40% | 3.18% | 3.22% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 5.25% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% | 0.00% | 0.00% |
Frequently Asked Questions
DBELX and BILDX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBELX has higher volatility (2.12%) compared to BILDX (0.84%). In terms of maximum drawdown, DBELX dropped -21.95% vs BILDX's -15.68%.
DBELX currently has the higher Sharpe Ratio (1.40 vs 1.13), 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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