DBLIX vs. DLY

Last updated Jun 5, 2026

DBLIX (DoubleLine Income Fund) and DLY (DoubleLine Yield Opportunities Fund) are both Multisector Bonds funds from DoubleLine. At a 0.15 correlation, their price movements are largely independent. DBLIX charges 0.65%/yr vs 2.91%/yr for DLY.

Performance

DBLIX vs. DLY - Performance Comparison

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

Returns By Period

DBLIX

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

DLY

• 1D: -0.07%
• 1M: -1.30%
• YTD: -0.45%
• 6M: 0.01%
• 1Y: -2.61%
• 3Y*: 9.13%
• 5Y*: 2.06%
• 10Y*: —

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

DBLIX vs. DLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-6.91%
DLY DoubleLine Yield Opportunities Fund	-0.45%	0.63%	16.29%	25.48%	-23.08%	8.56%	-3.06%

Correlation

The correlation between DBLIX and DLY is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.15

Return for Risk

DBLIX vs. DLY — Risk / Return Rank

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

DLY

DLY Risk / Return Rank: 1
DLY Sharpe Ratio Rank: 2
DLY Sortino Ratio Rank: 1
DLY Omega Ratio Rank: 1
DLY Calmar Ratio Rank: 2
DLY Martin Ratio Rank: 1

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.

DBLIX vs. DLY - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DBLIX	DLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.18	—

Drawdowns

Drawdown Indicators

	DBLIX	DLY	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.61%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.61%	—
Current Drawdown Current decline from peak	—	-4.55%	—
Average Drawdown Average peak-to-trough decline	—	-7.82%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.41%	—

Volatility

Volatility by Period

	DBLIX	DLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.09%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.57%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.05%	—

DBLIX vs. DLY - Expense Ratio Comparison

DBLIX has a 0.65% expense ratio, which is lower than DLY's 2.91% expense ratio.

Dividends

DBLIX vs. DLY - Dividend Comparison

DBLIX's dividend yield for the trailing twelve months is around 4.11%, less than DLY's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DBLIX DoubleLine Income Fund	4.11%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%
DLY DoubleLine Yield Opportunities Fund	10.07%	9.63%	8.85%	9.84%	10.67%	7.49%	5.67%	0.00%

Frequently Asked Questions

Can I hold both DBLIX and DLY in my portfolio?

DBLIX and DLY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.