DBLEX vs. DLENX
Compare and contrast key facts about DoubleLine Emerging Markets Fixed Income Fund (DBLEX) and DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX).
DBLEX is managed by DoubleLine. It was launched on Apr 5, 2010. DLENX is an actively managed fund by DoubleLine. It was launched on Apr 6, 2010.
Performance
DBLEX vs. DLENX - Performance Comparison
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DBLEX vs. DLENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLEX DoubleLine Emerging Markets Fixed Income Fund | -0.99% | 8.39% | 8.20% | 9.64% | -15.30% | 1.97% | 4.85% | 11.80% | -3.20% | 8.48% |
DLENX DoubleLine Emerging Markets Fixed Income Fund Class N | -1.03% | 8.11% | 7.92% | 9.36% | -15.50% | 1.71% | 4.66% | 11.71% | -3.54% | 8.31% |
Returns By Period
The year-to-date returns for both stocks are quite close, with DBLEX having a -0.99% return and DLENX slightly lower at -1.03%. Over the past 10 years, DBLEX has outperformed DLENX with an annualized return of 4.02%, while DLENX has yielded a comparatively lower 3.78% annualized 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%
DLENX
- 1D
- 0.00%
- 1M
- -1.75%
- YTD
- -1.03%
- 6M
- -0.92%
- 1Y
- 4.35%
- 3Y*
- 7.54%
- 5Y*
- 1.65%
- 10Y*
- 3.78%
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DBLEX vs. DLENX - Expense Ratio Comparison
DBLEX has a 0.90% expense ratio, which is lower than DLENX's 1.18% expense ratio.
Return for Risk
DBLEX vs. DLENX — Risk / Return Rank
DBLEX
DLENX
DBLEX vs. DLENX - 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 Fixed Income Fund Class N (DLENX). 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 | DLENX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.65 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.23 | 2.07 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.53 | +0.09 |
Martin ratioReturn relative to average drawdown | 7.17 | 6.64 | +0.53 |
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 | DLENX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.65 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.36 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.81 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.92 | +0.05 |
Correlation
The correlation between DBLEX and DLENX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DBLEX vs. DLENX - Dividend Comparison
DBLEX's dividend yield for the trailing twelve months is around 5.12%, more than DLENX's 4.88% 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% |
DLENX DoubleLine Emerging Markets Fixed Income Fund Class N | 4.88% | 5.33% | 5.71% | 5.29% | 4.49% | 3.74% | 4.11% | 4.49% | 3.57% | 4.07% | 4.29% | 4.94% |
Drawdowns
DBLEX vs. DLENX - Drawdown Comparison
The maximum DBLEX drawdown since its inception was -25.43%, roughly equal to the maximum DLENX drawdown of -25.64%. Use the drawdown chart below to compare losses from any high point for DBLEX and DLENX.
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Drawdown Indicators
| DBLEX | DLENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -25.64% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.77% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -25.64% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -25.43% | -25.64% | +0.21% |
Current DrawdownCurrent decline from peak | -1.81% | -1.83% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -3.65% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.64% | -0.01% |
Volatility
DBLEX vs. DLENX - Volatility Comparison
DoubleLine Emerging Markets Fixed Income Fund (DBLEX) and DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) have volatilities of 0.66% and 0.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLEX | DLENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.64% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 1.36% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 2.59% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 4.56% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 4.66% | -0.01% |