DBL vs. DSL
DBL (DoubleLine Opportunistic Credit Fund) and DSL (DoubleLine Income Solutions Fund) are both mutual funds - DBL is a Multisector Bonds fund actively managed by DoubleLine, while DSL is a High Yield Bonds fund managed by DoubleLine. Over the past 10 years, DBL returned 1.70%/yr vs 4.86%/yr for DSL. Their 0.29 correlation means their historical movements had little consistent relationship. DBL charges 2.43%/yr vs 2.28%/yr for DSL.
Performance
DBL vs. DSL - Performance Comparison
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Returns By Period
In the year-to-date period, DBL achieves a -2.96% return, which is significantly lower than DSL's 1.45% return. Over the past 10 years, DBL has underperformed DSL with an annualized return of 1.70%, while DSL has yielded a comparatively higher 4.86% annualized return.
DBL
- 1D
- -0.28%
- 1M
- -1.26%
- 6M
- -2.95%
- YTD
- -2.96%
- 1Y
- 0.18%
- 3Y*
- 8.11%
- 5Y*
- 1.65%
- 10Y*
- 1.70%
- ALL TIME*
- 4.65%
DSL
- 1D
- -0.28%
- 1M
- -2.10%
- 6M
- -1.37%
- YTD
- 1.45%
- 1Y
- -1.01%
- 3Y*
- 7.37%
- 5Y*
- 1.14%
- 10Y*
- 4.86%
- ALL TIME*
- 3.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $877.24K | $858.54K | $843.60K | |
| $5.15M | $6.19M | $5.58M |
DBL vs. DSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBL DoubleLine Opportunistic Credit Fund | -2.96% | 7.16% | 10.05% | 13.11% | -15.83% | 4.61% | 3.93% | 16.74% | -6.24% | 4.49% |
DSL DoubleLine Income Solutions Fund | 1.45% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | -6.49% | 25.10% | -6.04% | 16.39% |
Correlation
The correlation between DBL and DSL is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.29 |
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Return for Risk
DBL vs. DSL — Risk / Return Rank
DBL
DSL
DBL vs. DSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Credit Fund (DBL) and DoubleLine Income Solutions Fund (DSL). 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.
| DBL | DSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.98 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.13 | +0.23 |
| Martin ratioReturn relative to average drawdown | 0.24 | -0.24 | +0.47 |
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Drawdowns
DBL vs. DSL - Drawdown Comparison
The maximum DBL drawdown since its inception was -26.45%, smaller than the maximum DSL drawdown of -49.51%. Use the drawdown chart below to compare losses from any high point for DBL and DSL.
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Drawdown Indicators
| DBL | DSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.45% | -49.51% | +23.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -11.16% | +5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -5.72% | -14.43% | +8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.54% | -34.18% | +9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -26.45% | -49.51% | +23.06% |
Current DrawdownCurrent decline from peak | -3.88% | -6.31% | +2.43% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -8.70% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 5.99% | -3.58% |
Volatility
DBL vs. DSL - Volatility Comparison
The current volatility for DoubleLine Opportunistic Credit Fund (DBL) is 1.37%, while DoubleLine Income Solutions Fund (DSL) has a volatility of 3.08%. This indicates that DBL experiences smaller price fluctuations and is considered to be less risky than DSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBL | DSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 3.08% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 5.20% | 8.23% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.92% | 9.80% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 14.81% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 20.09% | -5.71% |
DBL vs. DSL - Expense Ratio Comparison
DBL has a 2.43% expense ratio, which is higher than DSL's 2.28% expense ratio.
Dividends
DBL vs. DSL - Dividend Comparison
DBL's dividend yield for the trailing twelve months is around 9.40%, less than DSL's 12.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBL DoubleLine Opportunistic Credit Fund | 9.40% | 8.66% | 8.52% | 8.60% | 8.89% | 7.17% | 8.69% | 6.83% | 10.27% | 9.03% | 8.68% | 9.35% |
DSL DoubleLine Income Solutions Fund | 12.37% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
Frequently Asked Questions
DBL and DSL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSL has higher volatility (3.08%) compared to DBL (1.37%). In terms of maximum drawdown, DBL dropped -26.45% vs DSL's -49.51%.
DBL currently has the higher Sharpe Ratio (0.08 vs -0.15), 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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