DBLFX vs. DLY
DBLFX (DoubleLine Core Fixed Income Fund) and DLY (DoubleLine Yield Opportunities Fund) are both mutual funds - DBLFX is a Intermediate Core-Plus Bond fund managed by DoubleLine, while DLY is a Multisector Bonds fund actively managed by DoubleLine. Over the past 5 years, DBLFX returned 0.68%/yr vs 2.07%/yr for DLY. At a 0.22 correlation, their price movements are largely independent. DBLFX charges 0.47%/yr vs 2.91%/yr for DLY.
Performance
DBLFX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, DBLFX achieves a 0.02% return, which is significantly higher than DLY's -0.38% return.
DBLFX
- 1D
- 0.11%
- 1M
- 0.37%
- YTD
- 0.02%
- 6M
- 0.06%
- 1Y
- 5.08%
- 3Y*
- 4.66%
- 5Y*
- 0.68%
- 10Y*
- 2.04%
DLY
- 1D
- -0.36%
- 1M
- -1.37%
- YTD
- -0.38%
- 6M
- 0.15%
- 1Y
- -2.54%
- 3Y*
- 9.10%
- 5Y*
- 2.07%
- 10Y*
- —
DBLFX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBLFX DoubleLine Core Fixed Income Fund | 0.02% | 7.54% | 3.04% | 6.44% | -12.76% | -0.34% | 3.10% |
DLY DoubleLine Yield Opportunities Fund | -0.38% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -3.06% |
Correlation
The correlation between DBLFX and DLY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.22 |
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Return for Risk
DBLFX vs. DLY — Risk / Return Rank
DBLFX
DLY
DBLFX vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Core Fixed Income Fund (DBLFX) and DoubleLine Yield Opportunities Fund (DLY). 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.
| DBLFX | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.95 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.29 | +2.04 |
| Martin ratioReturn relative to average drawdown | 5.31 | -0.75 | +6.06 |
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
| DBLFX | DLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | -0.32 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.15 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.18 | +0.68 |
Drawdowns
DBLFX vs. DLY - Drawdown Comparison
The maximum DBLFX drawdown since its inception was -17.09%, smaller than the maximum DLY drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for DBLFX and DLY.
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Drawdown Indicators
| DBLFX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.09% | -28.61% | +11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -8.74% | +5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -10.81% | +4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -28.61% | +11.52% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | — | — |
Current DrawdownCurrent decline from peak | -1.59% | -4.48% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -7.82% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 3.40% | -2.44% |
Volatility
DBLFX vs. DLY - Volatility Comparison
The current volatility for DoubleLine Core Fixed Income Fund (DBLFX) is 1.39%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.93%. This indicates that DBLFX experiences smaller price fluctuations and is considered to be less risky than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLFX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.93% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 6.85% | -4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 8.09% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.24% | 13.57% | -8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 15.05% | -10.76% |
DBLFX vs. DLY - Expense Ratio Comparison
DBLFX has a 0.47% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
DBLFX vs. DLY - Dividend Comparison
DBLFX's dividend yield for the trailing twelve months is around 4.81%, less than DLY's 10.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLFX DoubleLine Core Fixed Income Fund | 4.81% | 4.87% | 5.22% | 4.66% | 3.99% | 3.12% | 3.17% | 3.42% | 3.35% | 2.90% | 2.95% | 3.59% |
DLY DoubleLine Yield Opportunities Fund | 10.07% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBLFX and DLY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.93%) compared to DBLFX (1.39%). In terms of maximum drawdown, DBLFX dropped -17.09% vs DLY's -28.61%.
DBLFX currently has the higher Sharpe Ratio (1.40 vs -0.32), 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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