DBLSX vs. DBLLX

Last updated Jun 24, 2026

DBLSX (DoubleLine Low Duration Bond Fund) and DBLLX (DoubleLine Low Duration Emerging Markets Fixed Income Fund) are both mutual funds - DBLSX is a Short-Term Bond fund managed by DoubleLine, while DBLLX is a Emerging Markets Bonds fund managed by DoubleLine. Over the past 10 years, DBLSX returned 2.83%/yr vs 3.49%/yr for DBLLX. At a 0.42 correlation, their price movements are largely independent. DBLSX charges 0.41%/yr vs 0.59%/yr for DBLLX.

Performance

DBLSX vs. DBLLX - Performance Comparison

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

Returns By Period

In the year-to-date period, DBLSX achieves a 1.06% return, which is significantly lower than DBLLX's 1.21% return. Over the past 10 years, DBLSX has underperformed DBLLX with an annualized return of 2.83%, while DBLLX has yielded a comparatively higher 3.49% annualized return.

DBLSX

• 1D: -0.10%
• 1M: 0.25%
• YTD: 1.06%
• 6M: 1.27%
• 1Y: 3.97%
• 3Y*: 5.40%
• 5Y*: 3.17%
• 10Y*: 2.83%

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%

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

DBLSX vs. DBLLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBLSX DoubleLine Low Duration Bond Fund	1.06%	5.74%	5.32%	6.76%	-2.69%	0.70%	2.02%	4.73%	1.40%	2.65%
DBLLX DoubleLine Low Duration Emerging Markets Fixed Income Fund	1.21%	7.86%	7.20%	7.00%	-5.05%	-0.21%	3.53%	8.57%	-0.04%	4.20%

Correlation

The correlation between DBLSX and DBLLX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 8, 2014	0.42

Return for Risk

DBLSX vs. DBLLX — Risk / Return Rank

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

DBLSX

DBLSX Risk / Return Rank: 97
DBLSX Sharpe Ratio Rank: 97
DBLSX Sortino Ratio Rank: 97
DBLSX Omega Ratio Rank: 97
DBLSX Calmar Ratio Rank: 96
DBLSX Martin Ratio Rank: 97

DBLLX

DBLLX Risk / Return Rank: 98
DBLLX Sharpe Ratio Rank: 99
DBLLX Sortino Ratio Rank: 99
DBLLX Omega Ratio Rank: 98
DBLLX Calmar Ratio Rank: 95
DBLLX Martin Ratio Rank: 97

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.

DBLSX vs. DBLLX - Risk-Adjusted Trends Comparison

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

	DBLSX	DBLLX	Difference
Sharpe ratio: Return per unit of total volatility	3.41	4.30	-0.90
Sortino ratio: Return per unit of downside risk	5.53	7.72	-2.19
Omega ratio: Gain probability vs. loss probability	1.93	2.38	-0.45
Calmar ratio: Return relative to maximum drawdown	5.67	5.38	+0.28
Martin ratio: Return relative to average drawdown	25.89	24.43	+1.46

DBLSX vs. DBLLX - Sharpe Ratio Comparison

The current DBLSX Sharpe Ratio is 3.41, which is comparable to the DBLLX Sharpe Ratio of 4.30. The chart below compares the historical Sharpe Ratios of DBLSX and DBLLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBLSX vs. DBLLX - Drawdown Comparison

The maximum DBLSX drawdown since its inception was -57.22%, which is greater than DBLLX's maximum drawdown of -10.13%. Use the drawdown chart below to compare losses from any high point for DBLSX and DBLLX.

Drawdown Indicators

	DBLSX	DBLLX	Difference
Max Drawdown Largest peak-to-trough decline	-57.22%	-10.13%	-47.09%
Max Drawdown (1Y) Largest decline over 1 year	-0.72%	-0.92%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-0.72%	-1.35%	+0.63%
Max Drawdown (5Y) Largest decline over 5 years	-4.71%	-10.13%	+5.42%
Max Drawdown (10Y) Largest decline over 10 years	-57.22%	-10.13%	-47.09%
Current Drawdown Current decline from peak	-45.00%	-0.10%	-44.90%
Average Drawdown Average peak-to-trough decline	-31.55%	-1.29%	-30.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	0.20%	-0.04%

Volatility

DBLSX vs. DBLLX - Volatility Comparison

DoubleLine Low Duration Bond Fund (DBLSX) has a higher volatility of 0.37% compared to DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) at 0.35%. This indicates that DBLSX's price experiences larger fluctuations and is considered to be riskier than DBLLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBLSX	DBLLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	0.35%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.92%	0.93%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	1.20%	1.16%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.40%	1.94%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.00%	1.90%	+62.10%

DBLSX vs. DBLLX - Expense Ratio Comparison

DBLSX has a 0.41% expense ratio, which is lower than DBLLX's 0.59% expense ratio.

Dividends

DBLSX vs. DBLLX - Dividend Comparison

DBLSX's dividend yield for the trailing twelve months is around 4.55%, less than DBLLX's 5.08% 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%
DBLSX DoubleLine Low Duration Bond Fund	4.55%	4.64%	5.09%	4.49%	2.50%	1.72%	2.37%	3.21%	2.92%	2.42%	2.52%	2.47%

Frequently Asked Questions

Can I hold both DBLSX and DBLLX in my portfolio?

DBLSX and DBLLX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBLSX or DBLLX?

DBLSX has higher volatility (0.37%) compared to DBLLX (0.35%). In terms of maximum drawdown, DBLSX dropped -57.22% vs DBLLX's -10.13%.

Which has better risk-adjusted returns?

DBLLX currently has the higher Sharpe Ratio (4.30 vs 3.41), 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.