DBLFX vs. DBELX
DBLFX (DoubleLine Core Fixed Income Fund) and DBELX (DoubleLine Emerging Markets Local Currency Bond Fund) are both mutual funds - DBLFX is a Intermediate Core-Plus Bond fund managed by DoubleLine, while DBELX is a Emerging Markets Bonds fund managed by DoubleLine. Over the past 5 years, DBLFX returned 0.54%/yr vs 3.27%/yr for DBELX. At a 0.32 correlation, their price movements are largely independent. DBLFX charges 0.47%/yr vs 0.90%/yr for DBELX.
Performance
DBLFX vs. DBELX - Performance Comparison
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Returns By Period
In the year-to-date period, DBLFX achieves a -0.31% return, which is significantly lower than DBELX's 2.07% return.
DBLFX
- 1D
- -0.33%
- 1M
- 0.37%
- YTD
- -0.31%
- 6M
- -0.06%
- 1Y
- 3.61%
- 3Y*
- 4.44%
- 5Y*
- 0.54%
- 10Y*
- 1.94%
DBELX
- 1D
- -0.10%
- 1M
- 0.83%
- YTD
- 2.07%
- 6M
- 2.59%
- 1Y
- 11.66%
- 3Y*
- 7.37%
- 5Y*
- 3.27%
- 10Y*
- —
DBLFX vs. DBELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBLFX DoubleLine Core Fixed Income Fund | -0.31% | 7.54% | 3.04% | 6.44% | -12.76% | -0.34% | 5.61% | 1.93% |
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 2.07% | 20.86% | -4.37% | 12.50% | -6.99% | -9.37% | 2.61% | 0.89% |
Correlation
The correlation between DBLFX and DBELX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.32 |
The correlation between DBLFX and DBELX shifts across timeframes, from 0.32 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBLFX vs. DBELX — Risk / Return Rank
DBLFX
DBELX
DBLFX vs. DBELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Core Fixed Income Fund (DBLFX) 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.
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.
| DBLFX | DBELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.72 | -0.36 |
| Martin ratioReturn relative to average drawdown | 3.79 | 6.03 | -2.24 |
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Drawdowns
DBLFX vs. DBELX - Drawdown Comparison
The maximum DBLFX drawdown since its inception was -17.09%, smaller than the maximum DBELX drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for DBLFX and DBELX.
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Drawdown Indicators
| DBLFX | DBELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.09% | -21.95% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -6.89% | +3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -8.54% | +2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -18.21% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -2.10% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -7.17% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.96% | -0.92% |
Volatility
DBLFX vs. DBELX - Volatility Comparison
The current volatility for DoubleLine Core Fixed Income Fund (DBLFX) is 1.29%, while DoubleLine Emerging Markets Local Currency Bond Fund (DBELX) has a volatility of 2.37%. This indicates that DBLFX 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
| DBLFX | DBELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 2.37% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 6.65% | -3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 7.51% | -3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 7.16% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 7.47% | -3.17% |
DBLFX vs. DBELX - Expense Ratio Comparison
DBLFX has a 0.47% expense ratio, which is lower than DBELX's 0.90% expense ratio.
Dividends
DBLFX vs. DBELX - Dividend Comparison
DBLFX's dividend yield for the trailing twelve months is around 4.82%, less than DBELX's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBELX DoubleLine Emerging Markets Local Currency Bond Fund | 4.94% | 4.41% | 3.80% | 2.03% | 2.01% | 1.98% | 1.17% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
DBLFX DoubleLine Core Fixed Income Fund | 4.82% | 4.87% | 5.22% | 4.66% | 3.99% | 3.12% | 3.17% | 3.42% | 3.35% | 2.90% | 2.95% | 3.59% |
Frequently Asked Questions
DBLFX and DBELX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBELX has higher volatility (2.37%) compared to DBLFX (1.29%). In terms of maximum drawdown, DBLFX dropped -17.09% vs DBELX's -21.95%.
DBELX currently has the higher Sharpe Ratio (1.58 vs 1.08), 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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