DBLEX vs. DBELX
Compare and contrast key facts about DoubleLine Emerging Markets Fixed Income Fund (DBLEX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX).
DBLEX is managed by DoubleLine. It was launched on Apr 5, 2010. DBELX is managed by DoubleLine. It was launched on Jun 27, 2019.
Performance
DBLEX vs. DBELX - Performance Comparison
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DBLEX vs. DBELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBLEX DoubleLine Emerging Markets Fixed Income Fund | -0.99% | 8.39% | 8.20% | 9.64% | -15.30% | 1.97% | 4.85% | 2.15% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | -2.91% | 20.86% | -4.37% | 12.50% | -6.99% | -9.37% | 2.61% | 0.89% |
Returns By Period
In the year-to-date period, DBLEX achieves a -0.99% return, which is significantly higher than DBELX's -2.91% return.
DBLEX
- 1D
- 0.00%
- 1M
- -1.75%
- YTD
- -0.99%
- 6M
- -0.82%
- 1Y
- 4.59%
- 3Y*
- 7.81%
- 5Y*
- 1.88%
- 10Y*
- 4.02%
DBELX
- 1D
- -0.32%
- 1M
- -6.70%
- YTD
- -2.91%
- 6M
- 0.26%
- 1Y
- 12.48%
- 3Y*
- 6.49%
- 5Y*
- 2.63%
- 10Y*
- —
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DBLEX vs. DBELX - Expense Ratio Comparison
Both DBLEX and DBELX have an expense ratio of 0.90%.
Return for Risk
DBLEX vs. DBELX — Risk / Return Rank
DBLEX
DBELX
DBLEX vs. DBELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Fixed Income Fund (DBLEX) and DoubleLine Emerging Markets Local Currency Bond Fund (DBELX). 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.
| DBLEX | DBELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.93 | -0.19 |
Sortino ratioReturn per unit of downside risk | 2.23 | 2.58 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.83 | -0.21 |
Martin ratioReturn relative to average drawdown | 7.17 | 8.57 | -1.40 |
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
| DBLEX | DBELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.93 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.38 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.20 | +0.78 |
Correlation
The correlation between DBLEX and DBELX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DBLEX vs. DBELX - Dividend Comparison
DBLEX's dividend yield for the trailing twelve months is around 5.12%, more than DBELX's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLEX DoubleLine Emerging Markets Fixed Income Fund | 5.12% | 5.59% | 5.97% | 5.54% | 4.77% | 4.00% | 4.37% | 4.57% | 3.83% | 4.33% | 4.54% | 5.21% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 4.02% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DBLEX vs. DBELX - Drawdown Comparison
The maximum DBLEX drawdown since its inception was -25.43%, which is greater than DBELX's maximum drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for DBLEX and DBELX.
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Drawdown Indicators
| DBLEX | DBELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -21.95% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -6.89% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -19.87% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -25.43% | — | — |
Current DrawdownCurrent decline from peak | -1.81% | -6.89% | +5.08% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -7.33% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 1.47% | -0.84% |
Volatility
DBLEX vs. DBELX - Volatility Comparison
The current volatility for DoubleLine Emerging Markets Fixed Income Fund (DBLEX) is 0.66%, while DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has a volatility of 4.00%. This indicates that DBLEX experiences smaller price fluctuations and is considered to be less risky than DBELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLEX | DBELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 4.00% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 5.24% | -3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 6.65% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 6.99% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 7.39% | -2.74% |