DBLFX vs. DBLDX
DBLFX (DoubleLine Core Fixed Income Fund) and DBLDX (DoubleLine Long Duration Total Return Bond Fund) are both mutual funds - DBLFX is a Intermediate Core-Plus Bond fund managed by DoubleLine, while DBLDX is a Government Bonds fund managed by DoubleLine. Over the past 10 years, DBLFX returned 1.89%/yr vs -1.10%/yr for DBLDX. Their correlation of 0.88 suggests significant overlap in exposure. DBLFX charges 0.47%/yr vs 0.50%/yr for DBLDX.
Performance
DBLFX vs. DBLDX - Performance Comparison
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Returns By Period
In the year-to-date period, DBLFX achieves a -0.05% return, which is significantly higher than DBLDX's -0.75% return. Over the past 10 years, DBLFX has outperformed DBLDX with an annualized return of 1.89%, while DBLDX has yielded a comparatively lower -1.10% annualized return.
DBLFX
- 1D
- 0.33%
- 1M
- -0.39%
- 6M
- -0.26%
- YTD
- -0.05%
- 1Y
- 3.99%
- 3Y*
- 4.54%
- 5Y*
- 0.44%
- 10Y*
- 1.89%
DBLDX
- 1D
- 0.33%
- 1M
- -1.52%
- 6M
- -2.30%
- YTD
- -0.75%
- 1Y
- 4.71%
- 3Y*
- 0.62%
- 5Y*
- -5.97%
- 10Y*
- -1.10%
DBLFX vs. DBLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLFX DoubleLine Core Fixed Income Fund | -0.05% | 7.54% | 3.04% | 6.44% | -12.76% | -0.34% | 5.61% | 7.99% | -0.01% | 4.66% |
DBLDX DoubleLine Long Duration Total Return Bond Fund | -0.75% | 6.25% | -4.42% | 3.79% | -29.25% | -3.91% | 14.17% | 14.19% | -0.79% | 6.75% |
Correlation
The correlation between DBLFX and DBLDX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.88 |
The correlation between DBLFX and DBLDX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
DBLFX vs. DBLDX — Risk / Return Rank
DBLFX
DBLDX
DBLFX vs. DBLDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Core Fixed Income Fund (DBLFX) and DoubleLine Long Duration Total Return Bond Fund (DBLDX). 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 | DBLDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.11 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.65 | +0.80 |
| Martin ratioReturn relative to average drawdown | 3.80 | 1.63 | +2.18 |
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Drawdowns
DBLFX vs. DBLDX - Drawdown Comparison
The maximum DBLFX drawdown since its inception was -17.09%, smaller than the maximum DBLDX drawdown of -45.96%. Use the drawdown chart below to compare losses from any high point for DBLFX and DBLDX.
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Drawdown Indicators
| DBLFX | DBLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.09% | -45.96% | +28.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -7.54% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -16.50% | +10.45% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -40.48% | +23.39% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | -45.96% | +28.87% |
Current DrawdownCurrent decline from peak | -1.66% | -35.01% | +33.35% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -17.71% | +15.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 3.01% | -1.90% |
Volatility
DBLFX vs. DBLDX - Volatility Comparison
The current volatility for DoubleLine Core Fixed Income Fund (DBLFX) is 1.21%, while DoubleLine Long Duration Total Return Bond Fund (DBLDX) has a volatility of 2.23%. This indicates that DBLFX experiences smaller price fluctuations and is considered to be less risky than DBLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLFX | DBLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 2.23% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 6.22% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 8.46% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 13.32% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 12.24% | -7.94% |
DBLFX vs. DBLDX - Expense Ratio Comparison
DBLFX has a 0.47% expense ratio, which is lower than DBLDX's 0.50% expense ratio.
Dividends
DBLFX vs. DBLDX - Dividend Comparison
DBLFX's dividend yield for the trailing twelve months is around 4.76%, less than DBLDX's 5.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLDX DoubleLine Long Duration Total Return Bond Fund | 5.46% | 5.14% | 4.94% | 3.35% | 3.48% | 2.93% | 9.77% | 7.60% | 3.14% | 3.36% | 3.15% | 3.23% |
DBLFX DoubleLine Core Fixed Income Fund | 4.76% | 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 DBLDX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBLDX has higher volatility (2.23%) compared to DBLFX (1.21%). In terms of maximum drawdown, DBLFX dropped -17.09% vs DBLDX's -45.96%.
DBLFX currently has the higher Sharpe Ratio (1.16 vs 0.58), 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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