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DBLLX vs. APFOX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DBLLX vs. APFOX

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) and Artisan Emerging Markets Debt Opportunities Fund (APFOX).

DBLLX is managed by DoubleLine. It was launched on Apr 6, 2014. APFOX is managed by Artisan. It was launched on Apr 6, 2022.

Performance

DBLLX vs. APFOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) and Artisan Emerging Markets Debt Opportunities Fund (APFOX). The values are adjusted to include any dividend payments, if applicable.

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DBLLX vs. APFOX - Yearly Performance Comparison

2026 (YTD)2025202420232022
DBLLX
DoubleLine Low Duration Emerging Markets Fixed Income Fund		0.02%7.86%7.20%7.00%-0.66%
APFOX
Artisan Emerging Markets Debt Opportunities Fund		0.34%13.45%10.61%11.44%7.85%

Returns By Period

In the year-to-date period, DBLLX achieves a 0.02% return, which is significantly lower than APFOX's 0.34% return.

DBLLX

1D
0.00%
1M
-0.92%
YTD
0.02%
6M
1.20%
1Y
5.32%
3Y*
6.95%
5Y*
3.30%
10Y*
3.62%

APFOX

1D
-0.35%
1M
-3.03%
YTD
0.34%
6M
4.42%
1Y
13.06%
3Y*
10.82%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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DoubleLine Low Duration Emerging Markets Fixed Income Fund

Artisan Emerging Markets Debt Opportunities Fund

Often compared with DBLLX:
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Often compared with APFOX:
APFOX vs. EADOXAPFOX vs. EEIAXAPFOX vs. BXMIXAPFOX vs. AGEPXAPFOX vs. APFDXAPFOX vs. APFPXAPFOX vs. ARTLX

DBLLX vs. APFOX - Expense Ratio Comparison

DBLLX has a 0.59% expense ratio, which is lower than APFOX's 1.25% expense ratio.

APFOX
Artisan Emerging Markets Debt Opportunities Fund
DBLLX
DoubleLine Low Duration Emerging Markets Fixed Income Fund

Return for Risk

DBLLX vs. APFOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DBLLX
DBLLX Risk / Return Rank: 9898
Overall Rank
DBLLX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
DBLLX Sortino Ratio Rank: 9898
Sortino Ratio Rank
DBLLX Omega Ratio Rank: 9999
Omega Ratio Rank
DBLLX Calmar Ratio Rank: 9797
Calmar Ratio Rank
DBLLX Martin Ratio Rank: 9898
Martin Ratio Rank
APFOX
APFOX Risk / Return Rank: 9797
Overall Rank
APFOX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
APFOX Sortino Ratio Rank: 9898
Sortino Ratio Rank
APFOX Omega Ratio Rank: 9898
Omega Ratio Rank
APFOX Calmar Ratio Rank: 9494
Calmar Ratio Rank
APFOX Martin Ratio Rank: 9595
Martin Ratio Rank
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.

DBLLX vs. APFOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) and Artisan Emerging Markets Debt Opportunities Fund (APFOX). 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.

DBLLXAPFOXDifference

Sharpe ratio

Return per unit of total volatility

3.75

3.80

-0.05

Sortino ratio

Return per unit of downside risk

5.19

4.87

+0.32

Omega ratio

Gain probability vs. loss probability

2.29

2.00

+0.29

Calmar ratio

Return relative to maximum drawdown

4.05

3.09

+0.96

Martin ratio

Return relative to average drawdown

21.50

12.77

+8.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBLLX vs. APFOX - Sharpe Ratio Comparison

The current DBLLX Sharpe Ratio is 3.75, which is comparable to the APFOX Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of DBLLX and APFOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DBLLXAPFOXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.75

3.80

-0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.72

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.91

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.68

2.99

-1.32

Correlation

The correlation between DBLLX and APFOX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DBLLX vs. APFOX - Dividend Comparison

DBLLX's dividend yield for the trailing twelve months is around 5.01%, less than APFOX's 7.56% yield.

TTM20252024202320222021202020192018201720162015
DBLLX
DoubleLine Low Duration Emerging Markets Fixed Income Fund		5.01%5.27%4.70%3.74%2.41%2.15%2.61%4.93%2.87%3.00%3.19%3.77%
APFOX
Artisan Emerging Markets Debt Opportunities Fund		7.56%5.71%9.39%9.03%7.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

DBLLX vs. APFOX - Drawdown Comparison

The maximum DBLLX drawdown since its inception was -10.13%, which is greater than APFOX's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for DBLLX and APFOX.

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Drawdown Indicators

DBLLXAPFOXDifference

Max Drawdown

Largest peak-to-trough decline

-10.13%

-5.69%

-4.44%

Max Drawdown (1Y)

Largest decline over 1 year

-1.35%

-3.21%

+1.86%

Max Drawdown (5Y)

Largest decline over 5 years

-10.13%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-10.13%

—

—

Current Drawdown

Current decline from peak

-0.92%

-3.21%

+2.29%

Average Drawdown

Average peak-to-trough decline

-1.31%

-0.72%

-0.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.25%

0.94%

-0.69%

Volatility

DBLLX vs. APFOX - Volatility Comparison

The current volatility for DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) is 0.35%, while Artisan Emerging Markets Debt Opportunities Fund (APFOX) has a volatility of 1.59%. This indicates that DBLLX experiences smaller price fluctuations and is considered to be less risky than APFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DBLLXAPFOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.35%

1.59%

-1.24%

Volatility (6M)

Calculated over the trailing 6-month period

0.75%

2.22%

-1.47%

Volatility (1Y)

Calculated over the trailing 1-year period

1.43%

3.47%

-2.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.93%

3.76%

-1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.90%

3.76%

-1.86%