DBL vs. VMSAX
Compare and contrast key facts about DoubleLine Opportunistic Credit Fund (DBL) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX).
DBL is an actively managed fund by DoubleLine. It was launched on Jan 27, 2012. VMSAX is an actively managed fund by Vanguard. It was launched on Oct 12, 2021.
Performance
DBL vs. VMSAX - Performance Comparison
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DBL vs. VMSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DBL DoubleLine Opportunistic Credit Fund | -2.13% | 7.16% | 10.05% | 13.11% | -11.36% |
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | -0.99% | 9.08% | 6.86% | 10.53% | -8.42% |
Returns By Period
In the year-to-date period, DBL achieves a -2.13% return, which is significantly lower than VMSAX's -0.99% 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%
VMSAX
- 1D
- 0.22%
- 1M
- -1.98%
- YTD
- -0.99%
- 6M
- 0.66%
- 1Y
- 6.00%
- 3Y*
- 7.21%
- 5Y*
- —
- 10Y*
- —
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DBL vs. VMSAX - Expense Ratio Comparison
DBL has a 2.43% expense ratio, which is higher than VMSAX's 0.30% expense ratio.
Return for Risk
DBL vs. VMSAX — Risk / Return Rank
DBL
VMSAX
DBL vs. VMSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Credit Fund (DBL) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX). 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 | VMSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.05 | +0.18 |
Sortino ratioReturn per unit of downside risk | 0.40 | 1.32 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.05 | 2.07 | -1.03 |
Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.11 | +0.22 |
Martin ratioReturn relative to average drawdown | 1.13 | 1.75 | -0.62 |
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 | VMSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.05 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
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 | 0.06 | +0.26 |
Correlation
The correlation between DBL and VMSAX is 0.31, 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. VMSAX - Dividend Comparison
DBL's dividend yield for the trailing twelve months is around 9.04%, more than VMSAX's 5.17% 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% |
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | 5.17% | 5.66% | 6.48% | 5.52% | 3.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBL vs. VMSAX - Drawdown Comparison
The maximum DBL drawdown since its inception was -26.45%, smaller than the maximum VMSAX drawdown of -54.84%. Use the drawdown chart below to compare losses from any high point for DBL and VMSAX.
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Drawdown Indicators
| DBL | VMSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.45% | -54.84% | +28.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -54.84% | +49.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.45% | — | — |
Current DrawdownCurrent decline from peak | -3.06% | -2.03% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -3.21% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 3.50% | -1.82% |
Volatility
DBL vs. VMSAX - Volatility Comparison
DoubleLine Opportunistic Credit Fund (DBL) has a higher volatility of 3.80% compared to Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) at 1.19%. This indicates that DBL's price experiences larger fluctuations and is considered to be riskier than VMSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBL | VMSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 1.19% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 112.83% | -107.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.04% | 133.59% | -125.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.59% | 65.65% | -54.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 65.65% | -51.03% |