DBLEX vs. DBLIX

Last updated Jul 17, 2026

DBLEX (DoubleLine Emerging Markets Fixed Income Fund) and DBLIX (DoubleLine Income Fund) are both mutual funds - DBLEX is a Emerging Markets Bonds fund managed by DoubleLine, while DBLIX is a Multisector Bonds fund managed by DoubleLine. At a 0.41 correlation, their price movements are largely independent. DBLEX charges 0.90%/yr vs 0.65%/yr for DBLIX.

Performance

DBLEX vs. DBLIX - Performance Comparison

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

Returns By Period

DBLEX

• 1D: 0.11%
• 1M: -0.26%
• 6M: 1.02%
• YTD: 1.57%
• 1Y: 5.27%
• 3Y*: 7.85%
• 5Y*: 1.87%
• 10Y*: 3.54%

DBLIX

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

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

DBLEX vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DBLEX DoubleLine Emerging Markets Fixed Income Fund	1.57%	8.39%	8.20%	9.64%	-15.30%	1.97%	4.85%	3.46%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-5.09%	0.39%

Correlation

The correlation between DBLEX and DBLIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	0.41

Over the past year, the correlation between DBLEX and DBLIX has dropped to 0.18 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Return for Risk

DBLEX vs. DBLIX — Risk / Return Rank

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

DBLEX

DBLEX Risk / Return Rank: 87
DBLEX Sharpe Ratio Rank: 91
DBLEX Sortino Ratio Rank: 90
DBLEX Omega Ratio Rank: 90
DBLEX Calmar Ratio Rank: 79
DBLEX Martin Ratio Rank: 82

DBLIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DBLEX vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Fixed Income Fund (DBLEX) 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.

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	DBLIX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	—	—
Sortino ratio: Return per unit of downside risk	3.83	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	11.78	—	—

Drawdowns

Drawdown Indicators

	DBLEX	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.43%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.43%	—	—
Current Drawdown Current decline from peak	-0.26%	—	—
Average Drawdown Average peak-to-trough decline	-3.46%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	—	—

Volatility

Volatility by Period

	DBLEX	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.08%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	—	—

DBLEX vs. DBLIX - Expense Ratio Comparison

DBLEX has a 0.90% expense ratio, which is higher than DBLIX's 0.65% expense ratio.

Dividends

DBLEX vs. DBLIX - Dividend Comparison

DBLEX's dividend yield for the trailing twelve months is around 5.53%, more than DBLIX's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBLEX DoubleLine Emerging Markets Fixed Income Fund	5.53%	5.59%	5.97%	5.54%	4.77%	4.00%	4.37%	4.57%	3.83%	4.33%	4.54%	5.21%
DBLIX DoubleLine Income Fund	3.62%	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 DBLEX and DBLIX in my portfolio?

DBLEX and DBLIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.