DBLEX vs. AMAPX
DBLEX (DoubleLine Emerging Markets Fixed Income Fund) and AMAPX (Amana Participation Fund) are both Emerging Markets Bonds funds. Over the past 10 years, DBLEX returned 3.42%/yr vs 1.96%/yr for AMAPX. Their 0.49 correlation means their historical movements had little consistent relationship. DBLEX charges 0.90%/yr vs 0.78%/yr for AMAPX.
Performance
DBLEX vs. AMAPX - Performance Comparison
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Returns By Period
In the year-to-date period, DBLEX achieves a 1.00% return, which is significantly higher than AMAPX's -0.22% return. Over the past 10 years, DBLEX has outperformed AMAPX with an annualized return of 3.42%, while AMAPX has yielded a comparatively lower 1.96% annualized return.
DBLEX
- 1D
- -0.11%
- 1M
- -0.56%
- 6M
- 0.28%
- YTD
- 1.00%
- 1Y
- 3.76%
- 3Y*
- 7.40%
- 5Y*
- 1.82%
- 10Y*
- 3.42%
- ALL TIME*
- 4.20%
AMAPX
- 1D
- -0.21%
- 1M
- -0.62%
- 6M
- -0.46%
- YTD
- -0.22%
- 1Y
- 2.21%
- 3Y*
- 3.63%
- 5Y*
- 1.17%
- 10Y*
- 1.96%
- ALL TIME*
- 2.09%
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 |
DBLEX vs. AMAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLEX DoubleLine Emerging Markets Fixed Income Fund | 1.00% | 8.39% | 8.20% | 9.64% | -15.30% | 1.97% | 4.85% | 11.80% | -3.20% | 8.48% |
AMAPX Amana Participation Fund | -0.22% | 5.98% | 3.77% | 2.09% | -5.27% | 0.49% | 5.35% | 6.61% | 0.08% | 2.56% |
Correlation
The correlation between DBLEX and AMAPX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.49 |
The correlation between DBLEX and AMAPX shifts across timeframes, from 0.49 (all time) to 0.59 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBLEX vs. AMAPX — Risk / Return Rank
DBLEX
AMAPX
DBLEX vs. AMAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Fixed Income Fund (DBLEX) and Amana Participation Fund (AMAPX). 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.
| DBLEX | AMAPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.07 | +1.08 |
| Martin ratioReturn relative to average drawdown | 8.34 | 3.26 | +5.08 |
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Drawdowns
DBLEX vs. AMAPX - Drawdown Comparison
The maximum DBLEX drawdown since its inception was -25.43%, which is greater than AMAPX's maximum drawdown of -7.75%. Use the drawdown chart below to compare losses from any high point for DBLEX and AMAPX.
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Drawdown Indicators
| DBLEX | AMAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -7.75% | -17.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.81% | -2.51% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -2.51% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -7.75% | -17.68% |
Max Drawdown (10Y)Largest decline over 10 years | -25.43% | -7.75% | -17.68% |
Current DrawdownCurrent decline from peak | -0.82% | -1.08% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -1.55% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.82% | -0.35% |
Volatility
DBLEX vs. AMAPX - Volatility Comparison
DoubleLine Emerging Markets Fixed Income Fund (DBLEX) has a higher volatility of 0.54% compared to Amana Participation Fund (AMAPX) at 0.43%. This indicates that DBLEX's price experiences larger fluctuations and is considered to be riskier than AMAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLEX | AMAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.43% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 2.05% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 2.23% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 2.19% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 1.99% | +2.65% |
DBLEX vs. AMAPX - Expense Ratio Comparison
DBLEX has a 0.90% expense ratio, which is higher than AMAPX's 0.78% expense ratio.
Dividends
DBLEX vs. AMAPX - Dividend Comparison
DBLEX's dividend yield for the trailing twelve months is around 5.11%, more than AMAPX's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAPX Amana Participation Fund | 3.46% | 3.52% | 3.15% | 2.25% | 1.30% | 1.55% | 1.95% | 2.45% | 2.62% | 2.14% | 2.14% | 0.00% |
DBLEX DoubleLine Emerging Markets Fixed Income Fund | 5.11% | 5.59% | 5.97% | 5.54% | 4.77% | 4.00% | 4.37% | 4.57% | 3.83% | 4.33% | 4.54% | 5.21% |
Frequently Asked Questions
DBLEX and AMAPX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBLEX has higher volatility (0.54%) compared to AMAPX (0.43%). In terms of maximum drawdown, DBLEX dropped -25.43% vs AMAPX's -7.75%.
DBLEX currently has the higher Sharpe Ratio (1.84 vs 1.20), 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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