DBL vs. BWDTX
Compare and contrast key facts about DoubleLine Opportunistic Credit Fund (DBL) and Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX).
DBL is an actively managed fund by DoubleLine. It was launched on Jan 27, 2012. BWDTX is managed by Boyd Watterson. It was launched on Jul 28, 2016.
Performance
DBL vs. BWDTX - Performance Comparison
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DBL vs. BWDTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBL DoubleLine Opportunistic Credit Fund | -2.13% | 7.16% | 10.05% | 13.11% | -15.83% | 4.61% | 3.93% | 16.74% | -6.24% | 4.49% |
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund | 0.05% | 7.14% | 4.92% | 9.80% | -3.16% | 2.32% | 4.66% | 7.94% | -0.51% | 4.08% |
Returns By Period
In the year-to-date period, DBL achieves a -2.13% return, which is significantly lower than BWDTX's 0.05% return.
DBL
- 1D
- 2.82%
- 1M
- -1.54%
- YTD
- -2.13%
- 6M
- -2.13%
- 1Y
- 1.84%
- 3Y*
- 10.18%
- 5Y*
- 2.40%
- 10Y*
- 2.29%
BWDTX
- 1D
- 0.15%
- 1M
- -0.85%
- YTD
- 0.05%
- 6M
- 1.65%
- 1Y
- 5.72%
- 3Y*
- 6.45%
- 5Y*
- 4.05%
- 10Y*
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DBL vs. BWDTX - Expense Ratio Comparison
DBL has a 2.43% expense ratio, which is higher than BWDTX's 0.40% expense ratio.
Return for Risk
DBL vs. BWDTX — Risk / Return Rank
DBL
BWDTX
DBL vs. BWDTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Credit Fund (DBL) and Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX). 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.
| DBL | BWDTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 2.31 | -2.08 |
Sortino ratioReturn per unit of downside risk | 0.40 | 2.78 | -2.38 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.70 | -0.65 |
Calmar ratioReturn relative to maximum drawdown | 0.33 | 2.58 | -2.25 |
Martin ratioReturn relative to average drawdown | 1.13 | 10.82 | -9.69 |
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
| DBL | BWDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 2.31 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.86 | -1.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.76 | -1.43 |
Correlation
The correlation between DBL and BWDTX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DBL vs. BWDTX - Dividend Comparison
DBL's dividend yield for the trailing twelve months is around 9.04%, more than BWDTX's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBL DoubleLine Opportunistic Credit Fund | 9.04% | 8.66% | 8.52% | 8.60% | 8.89% | 7.17% | 8.69% | 6.83% | 10.27% | 9.03% | 8.68% | 9.35% |
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund | 5.74% | 5.70% | 4.13% | 5.51% | 3.80% | 3.20% | 3.18% | 3.47% | 4.18% | 2.90% | 1.35% | 0.00% |
Drawdowns
DBL vs. BWDTX - Drawdown Comparison
The maximum DBL drawdown since its inception was -26.45%, which is greater than BWDTX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for DBL and BWDTX.
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Drawdown Indicators
| DBL | BWDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.45% | -10.06% | -16.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -1.22% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.54% | -6.35% | -18.19% |
Max Drawdown (10Y)Largest decline over 10 years | -26.45% | — | — |
Current DrawdownCurrent decline from peak | -3.06% | -0.85% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -0.69% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.53% | +1.15% |
Volatility
DBL vs. BWDTX - Volatility Comparison
DoubleLine Opportunistic Credit Fund (DBL) has a higher volatility of 3.80% compared to Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) at 0.59%. This indicates that DBL's price experiences larger fluctuations and is considered to be riskier than BWDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBL | BWDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 0.59% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 0.88% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.04% | 1.93% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.59% | 2.19% | +9.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 2.21% | +12.41% |