DBLFX vs. MCFIX
DBLFX (DoubleLine Core Fixed Income Fund) and MCFIX (Mercer Core Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, DBLFX returned 0.12%/yr vs -0.77%/yr for MCFIX. Their correlation of 0.89 means they have usually moved in the same direction. DBLFX charges 0.47%/yr vs 0.16%/yr for MCFIX.
Performance
DBLFX vs. MCFIX - Performance Comparison
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Returns By Period
In the year-to-date period, DBLFX achieves a -1.36% return, which is significantly higher than MCFIX's -2.67% return.
DBLFX
- 1D
- -0.77%
- 1M
- -1.42%
- 6M
- -1.48%
- YTD
- -1.36%
- 1Y
- 1.20%
- 3Y*
- 4.36%
- 5Y*
- 0.12%
- 10Y*
- 1.71%
- ALL TIME*
- 3.23%
MCFIX
- 1D
- -0.23%
- 1M
- -1.47%
- 6M
- -2.34%
- YTD
- -2.67%
- 1Y
- -0.19%
- 3Y*
- 3.37%
- 5Y*
- -0.77%
- 10Y*
- —
- ALL TIME*
- 0.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DBLFX vs. MCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DBLFX DoubleLine Core Fixed Income Fund | -1.36% | 7.54% | 3.04% | 6.44% | -12.76% | -0.34% | 5.61% | 4.88% |
MCFIX Mercer Core Fixed Income Fund | -2.67% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
Correlation
The correlation between DBLFX and MCFIX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.89 |
The correlation between DBLFX and MCFIX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
DBLFX vs. MCFIX — Risk / Return Rank
DBLFX
MCFIX
DBLFX vs. MCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Core Fixed Income Fund (DBLFX) and Mercer Core Fixed Income Fund (MCFIX). 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 | MCFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.99 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | -0.05 | +0.76 |
| Martin ratioReturn relative to average drawdown | 1.71 | -0.12 | +1.83 |
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Drawdowns
DBLFX vs. MCFIX - Drawdown Comparison
The maximum DBLFX drawdown since its inception was -17.09%, smaller than the maximum MCFIX drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for DBLFX and MCFIX.
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Drawdown Indicators
| DBLFX | MCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.09% | -21.68% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -4.08% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -4.89% | -5.27% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -18.64% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | — | — |
Current DrawdownCurrent decline from peak | -2.95% | -7.57% | +4.62% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -8.49% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.74% | -0.52% |
Volatility
DBLFX vs. MCFIX - Volatility Comparison
DoubleLine Core Fixed Income Fund (DBLFX) has a higher volatility of 1.25% compared to Mercer Core Fixed Income Fund (MCFIX) at 1.04%. This indicates that DBLFX's price experiences larger fluctuations and is considered to be riskier than MCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLFX | MCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.04% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 2.94% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 4.01% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 6.05% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 6.07% | -1.76% |
DBLFX vs. MCFIX - Expense Ratio Comparison
DBLFX has a 0.47% expense ratio, which is higher than MCFIX's 0.16% expense ratio.
Dividends
DBLFX vs. MCFIX - Dividend Comparison
DBLFX's dividend yield for the trailing twelve months is around 4.39%, which matches MCFIX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLFX DoubleLine Core Fixed Income Fund | 4.39% | 4.87% | 5.22% | 4.66% | 3.99% | 3.12% | 3.17% | 3.42% | 3.35% | 2.90% | 2.95% | 3.59% |
MCFIX Mercer Core Fixed Income Fund | 4.38% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBLFX and MCFIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBLFX has higher volatility (1.25%) compared to MCFIX (1.04%). In terms of maximum drawdown, DBLFX dropped -17.09% vs MCFIX's -21.68%.
DBLFX currently has the higher Sharpe Ratio (0.56 vs -0.05), 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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