DBLSX vs. DLSNX

Last updated Jun 4, 2026

DBLSX (DoubleLine Low Duration Bond Fund) and DLSNX (DoubleLine Low Duration Bond Fund Class N) are both Short-Term Bond funds from DoubleLine. Over the past 10 years, DBLSX returned 2.87%/yr vs 2.61%/yr for DLSNX. A 0.65 correlation means they provide meaningful diversification when combined. DBLSX charges 0.41%/yr vs 0.70%/yr for DLSNX.

Performance

DBLSX vs. DLSNX - 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 Bond Fund Class N (DLSNX). 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 higher than DLSNX's 0.96% return. Over the past 10 years, DBLSX has outperformed DLSNX with an annualized return of 2.87%, while DLSNX has yielded a comparatively lower 2.61% annualized return.

DBLSX

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.06%
• 6M: 1.37%
• 1Y: 4.51%
• 3Y*: 5.51%
• 5Y*: 3.17%
• 10Y*: 2.87%

DLSNX

• 1D: 0.00%
• 1M: 0.23%
• YTD: 0.96%
• 6M: 1.25%
• 1Y: 4.26%
• 3Y*: 5.22%
• 5Y*: 2.91%
• 10Y*: 2.61%

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

DBLSX vs. DLSNX - 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%
DLSNX DoubleLine Low Duration Bond Fund Class N	0.96%	5.49%	5.06%	6.50%	-3.04%	0.56%	1.76%	4.47%	1.15%	2.30%

Correlation

The correlation between DBLSX and DLSNX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Oct 7, 2011	0.65

Over the past year, DBLSX and DLSNX have become more correlated (0.86) than their long-term average of 0.65, meaning their price movements have been converging.

Return for Risk

DBLSX vs. DLSNX — 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: 98
DBLSX Omega Ratio Rank: 98
DBLSX Calmar Ratio Rank: 96
DBLSX Martin Ratio Rank: 98

DLSNX

DLSNX Risk / Return Rank: 97
DLSNX Sharpe Ratio Rank: 97
DLSNX Sortino Ratio Rank: 97
DLSNX Omega Ratio Rank: 97
DLSNX Calmar Ratio Rank: 95
DLSNX 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. DLSNX - 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 Bond Fund Class N (DLSNX). 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.

	DBLSX	DLSNX	Difference
Sharpe ratio: Return per unit of total volatility	3.76	3.60	+0.16
Sortino ratio: Return per unit of downside risk	6.30	5.99	+0.31
Omega ratio: Gain probability vs. loss probability	2.06	2.00	+0.05
Calmar ratio: Return relative to maximum drawdown	6.27	5.91	+0.36
Martin ratio: Return relative to average drawdown	28.69	27.86	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBLSX vs. DLSNX - Sharpe Ratio Comparison

The current DBLSX Sharpe Ratio is 3.76, which is comparable to the DLSNX Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of DBLSX and DLSNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBLSX	DLSNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.76	3.60	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.28	2.07	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	1.67	-1.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	1.76	-1.71

Drawdowns

DBLSX vs. DLSNX - Drawdown Comparison

The maximum DBLSX drawdown since its inception was -57.22%, which is greater than DLSNX's maximum drawdown of -7.46%. Use the drawdown chart below to compare losses from any high point for DBLSX and DLSNX.

Drawdown Indicators

	DBLSX	DLSNX	Difference
Max Drawdown Largest peak-to-trough decline	-57.22%	-7.46%	-49.76%
Max Drawdown (1Y) Largest decline over 1 year	-0.72%	-0.72%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-0.72%	-0.72%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-4.71%	-4.91%	+0.20%
Max Drawdown (10Y) Largest decline over 10 years	-57.22%	-7.46%	-49.76%
Current Drawdown Current decline from peak	-45.00%	0.00%	-45.00%
Average Drawdown Average peak-to-trough decline	-31.51%	-0.41%	-31.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	0.15%	+0.01%

Volatility

DBLSX vs. DLSNX - Volatility Comparison

DoubleLine Low Duration Bond Fund (DBLSX) has a higher volatility of 0.42% compared to DoubleLine Low Duration Bond Fund Class N (DLSNX) at 0.35%. This indicates that DBLSX's price experiences larger fluctuations and is considered to be riskier than DLSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBLSX	DLSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	0.35%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	0.89%	0.87%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	1.20%	1.19%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.39%	1.41%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.99%	1.57%	+62.42%

DBLSX vs. DLSNX - Expense Ratio Comparison

DBLSX has a 0.41% expense ratio, which is lower than DLSNX's 0.70% expense ratio.

Dividends

DBLSX vs. DLSNX - Dividend Comparison

DBLSX's dividend yield for the trailing twelve months is around 4.55%, more than DLSNX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
DLSNX DoubleLine Low Duration Bond Fund Class N	4.30%	4.40%	4.85%	4.25%	2.24%	1.47%	2.12%	2.96%	2.67%	2.18%	2.27%	2.22%

Frequently Asked Questions

Can I hold both DBLSX and DLSNX in my portfolio?

DBLSX and DLSNX have a correlation of 0.86, 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 DLSNX?

DBLSX has higher volatility (0.42%) compared to DLSNX (0.35%). In terms of maximum drawdown, DBLSX dropped -57.22% vs DLSNX's -7.46%.

Which has better risk-adjusted returns?

DBLSX currently has the higher Sharpe Ratio (3.76 vs 3.60), 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.