DBLIX vs. PYLD

Last updated Jun 24, 2026

DBLIX (DoubleLine Income Fund) and PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) are both Multisector Bonds funds. A 0.62 correlation means they provide meaningful diversification when combined. DBLIX charges 0.65%/yr vs 0.55%/yr for PYLD.

Performance

DBLIX vs. PYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Income Fund (DBLIX) and PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DBLIX

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

PYLD

• 1D: 0.23%
• 1M: 0.93%
• YTD: 1.41%
• 6M: 1.60%
• 1Y: 6.83%
• 3Y*: 8.06%
• 5Y*: —
• 10Y*: —

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

DBLIX vs. PYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	7.88%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	1.41%	9.57%	7.69%	5.46%

Correlation

The correlation between DBLIX and PYLD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.62

Over the past year, the correlation between DBLIX and PYLD has dropped to 0.33 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

DBLIX vs. PYLD — Risk / Return Rank

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

DBLIX

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

PYLD

PYLD Risk / Return Rank: 65
PYLD Sharpe Ratio Rank: 72
PYLD Sortino Ratio Rank: 77
PYLD Omega Ratio Rank: 78
PYLD Calmar Ratio Rank: 44
PYLD Martin Ratio Rank: 57

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. PYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Fund (DBLIX) and PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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.

	DBLIX	PYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.23	—
Sortino ratio: Return per unit of downside risk	—	3.26	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	2.11	—
Martin ratio: Return relative to average drawdown	—	9.56	—

Drawdowns

Drawdown Indicators

	DBLIX	PYLD	Difference
Max Drawdown Largest peak-to-trough decline	—	-4.52%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.52%	—
Current Drawdown Current decline from peak	—	-0.30%	—
Average Drawdown Average peak-to-trough decline	—	-0.64%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.72%	—

Volatility

Volatility by Period

	DBLIX	PYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.99%	—

DBLIX vs. PYLD - Expense Ratio Comparison

DBLIX has a 0.65% expense ratio, which is higher than PYLD's 0.55% expense ratio.

Dividends

DBLIX vs. PYLD - Dividend Comparison

DBLIX's dividend yield for the trailing twelve months is around 4.11%, less than PYLD's 6.27% 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%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	6.27%	6.21%	6.40%	2.72%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBLIX and PYLD in my portfolio?

DBLIX and PYLD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.