DBL vs. DBLIX

Last updated Jun 4, 2026

DBL (DoubleLine Opportunistic Credit Fund) and DBLIX (DoubleLine Income Fund) are both Multisector Bonds funds from DoubleLine. At a 0.16 correlation, their price movements are largely independent. DBL charges 2.43%/yr vs 0.65%/yr for DBLIX.

Performance

DBL vs. DBLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Opportunistic Credit Fund (DBL) and DoubleLine Income Fund (DBLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DBL

• 1D: 0.29%
• 1M: 0.11%
• YTD: -2.09%
• 6M: -2.41%
• 1Y: 0.23%
• 3Y*: 7.38%
• 5Y*: 2.11%
• 10Y*: 2.53%

DBLIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBL vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DBL DoubleLine Opportunistic Credit Fund	-2.09%	7.16%	10.05%	13.11%	-15.83%	4.61%	3.93%	1.62%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-5.09%	0.39%

Correlation

The correlation between DBL and DBLIX is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Sep 5, 2019	0.16

The correlation between DBL and DBLIX shifts across timeframes, from 0.04 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DBL vs. DBLIX — Risk / Return Rank

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

DBL

DBL Risk / Return Rank: 3
DBL Sharpe Ratio Rank: 3
DBL Sortino Ratio Rank: 3
DBL Omega Ratio Rank: 3
DBL Calmar Ratio Rank: 3
DBL Martin Ratio Rank: 3

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.

DBL vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Credit Fund (DBL) and DoubleLine Income Fund (DBLIX). 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	DBLIX	Difference
Sharpe ratio: Return per unit of total volatility	0.03	—	—
Sortino ratio: Return per unit of downside risk	0.10	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	0.04	—	—
Martin ratio: Return relative to average drawdown	0.11	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DBL	DBLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

Drawdowns

Drawdown Indicators

	DBL	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.45%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.45%	—	—
Current Drawdown Current decline from peak	-3.02%	—	—
Average Drawdown Average peak-to-trough decline	-6.86%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	—	—

Volatility

Volatility by Period

	DBL	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.56%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	—	—

DBL vs. DBLIX - Expense Ratio Comparison

DBL has a 2.43% expense ratio, which is higher than DBLIX's 0.65% expense ratio.

Dividends

DBL vs. DBLIX - Dividend Comparison

DBL's dividend yield for the trailing twelve months is around 9.18%, more than DBLIX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBL DoubleLine Opportunistic Credit Fund	9.18%	8.66%	8.52%	8.60%	8.89%	7.17%	8.69%	6.83%	10.27%	9.03%	8.68%	9.35%
DBLIX DoubleLine Income Fund	4.11%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBL and DBLIX in my portfolio?

DBL and DBLIX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.