DBLGX vs. DBLIX

Last updated Jun 4, 2026

DBLGX (DoubleLine Global Bond Fund) and DBLIX (DoubleLine Income Fund) are both mutual funds - DBLGX is a Global Bonds fund managed by DoubleLine, while DBLIX is a Multisector Bonds fund managed by DoubleLine. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

DBLGX vs. DBLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Global Bond Fund (DBLGX) and DoubleLine Income Fund (DBLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DBLGX

• 1D: 0.23%
• 1M: 0.80%
• YTD: 0.60%
• 6M: 0.85%
• 1Y: 4.57%
• 3Y*: 3.40%
• 5Y*: -2.21%
• 10Y*: -0.75%

DBLIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBLGX vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DBLGX DoubleLine Global Bond Fund	0.60%	10.13%	-3.58%	4.36%	-16.16%	-7.79%	4.80%	0.13%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-5.09%	0.39%

Correlation

The correlation between DBLGX and DBLIX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 5, 2019	0.49

The correlation between DBLGX and DBLIX shifts across timeframes, from 0.36 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DBLGX vs. DBLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBLGX

DBLGX Risk / Return Rank: 9
DBLGX Sharpe Ratio Rank: 9
DBLGX Sortino Ratio Rank: 9
DBLGX Omega Ratio Rank: 9
DBLGX Calmar Ratio Rank: 9
DBLGX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBLGX vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Global Bond Fund (DBLGX) and DoubleLine Income Fund (DBLIX). 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.

	DBLGX	DBLIX	Difference
Sharpe ratio Return per unit of total volatility	0.76	—	—
Sortino ratio Return per unit of downside risk	1.11	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	0.89	—	—
Martin ratio Return relative to average drawdown	2.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DBLGX	DBLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	—	—

Drawdowns

Drawdown Indicators

	DBLGX	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-27.45%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.45%	—	—
Current Drawdown Current decline from peak	-14.12%	—	—
Average Drawdown Average peak-to-trough decline	-9.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	—	—

Volatility

Volatility by Period

	DBLGX	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.60%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.74%	—	—

DBLGX vs. DBLIX - Expense Ratio Comparison

Both DBLGX and DBLIX have an expense ratio of 0.65%.

Dividends

DBLGX vs. DBLIX - Dividend Comparison

DBLGX's dividend yield for the trailing twelve months is around 3.32%, less than DBLIX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DBLGX DoubleLine Global Bond Fund	3.32%	2.61%	1.04%	0.00%	0.00%	1.12%	1.58%	1.21%	1.16%	1.20%	0.52%
DBLIX DoubleLine Income Fund	4.11%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBLGX and DBLIX in my portfolio?

DBLGX and DBLIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.