DBLLX vs. DLY
DBLLX (DoubleLine Low Duration Emerging Markets Fixed Income Fund) and DLY (DoubleLine Yield Opportunities Fund) are both mutual funds - DBLLX is a Emerging Markets Bonds fund managed by DoubleLine, while DLY is a Multisector Bonds fund actively managed by DoubleLine. Over the past 5 years, DBLLX returned 3.43%/yr vs 1.85%/yr for DLY. At a 0.22 correlation, their price movements are largely independent. DBLLX charges 0.59%/yr vs 2.91%/yr for DLY.
Performance
DBLLX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, DBLLX achieves a 1.21% return, which is significantly higher than DLY's -0.70% return.
DBLLX
- 1D
- -0.10%
- 1M
- 0.40%
- YTD
- 1.21%
- 6M
- 1.31%
- 1Y
- 4.95%
- 3Y*
- 6.90%
- 5Y*
- 3.43%
- 10Y*
- 3.49%
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
DBLLX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund | 1.21% | 7.86% | 7.20% | 7.00% | -5.05% | -0.21% | 2.76% |
DLY DoubleLine Yield Opportunities Fund | -0.70% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
Correlation
The correlation between DBLLX and DLY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.22 |
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Return for Risk
DBLLX vs. DLY — Risk / Return Rank
DBLLX
DLY
DBLLX vs. DLY - 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 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.
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.
| DBLLX | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.58 | ||
| Sortino ratioReturn per unit of downside risk | +8.06 | ||
| Omega ratioGain probability vs. loss probability | 2.38 | 0.96 | +1.42 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | -0.25 | +5.64 |
| Martin ratioReturn relative to average drawdown | 24.43 | -0.62 | +25.05 |
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Drawdowns
DBLLX vs. DLY - Drawdown Comparison
The maximum DBLLX drawdown since its inception was -10.13%, smaller than the maximum DLY drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for DBLLX and DLY.
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Drawdown Indicators
| DBLLX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.13% | -28.61% | +18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -8.74% | +7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -10.81% | +9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -10.13% | -28.61% | +18.48% |
Max Drawdown (10Y)Largest decline over 10 years | -10.13% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -4.79% | +4.69% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -7.79% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 3.56% | -3.36% |
Volatility
DBLLX vs. DLY - Volatility Comparison
The current volatility for DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) is 0.35%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.62%. This indicates that DBLLX experiences smaller price fluctuations and is considered to be less risky than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLLX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.62% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.93% | 6.87% | -5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.16% | 8.14% | -6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 13.58% | -11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.90% | 15.00% | -13.10% |
DBLLX vs. DLY - Expense Ratio Comparison
DBLLX has a 0.59% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
DBLLX vs. DLY - Dividend Comparison
DBLLX's dividend yield for the trailing twelve months is around 5.08%, less than DLY's 10.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund | 5.08% | 5.27% | 4.70% | 3.74% | 2.41% | 2.15% | 2.61% | 4.93% | 2.87% | 3.00% | 3.19% | 3.77% |
DLY DoubleLine Yield Opportunities Fund | 10.18% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBLLX and DLY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.62%) compared to DBLLX (0.35%). In terms of maximum drawdown, DBLLX dropped -10.13% vs DLY's -28.61%.
DBLLX currently has the higher Sharpe Ratio (4.30 vs -0.27), 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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