DBLSX vs. SPY
Compare and contrast key facts about DoubleLine Low Duration Bond Fund (DBLSX) and State Street SPDR S&P 500 ETF (SPY).
DBLSX is managed by DoubleLine. It was launched on Sep 30, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
DBLSX vs. SPY - Performance Comparison
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DBLSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLSX DoubleLine Low Duration Bond Fund | 0.36% | 5.74% | 5.32% | 6.76% | -2.69% | 0.70% | 2.02% | 4.73% | 1.40% | 2.65% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, DBLSX achieves a 0.36% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, DBLSX has underperformed SPY with an annualized return of 2.88%, while SPY has yielded a comparatively higher 13.98% annualized return.
DBLSX
- 1D
- 0.10%
- 1M
- -0.52%
- YTD
- 0.36%
- 6M
- 1.52%
- 1Y
- 4.48%
- 3Y*
- 5.40%
- 5Y*
- 3.11%
- 10Y*
- 2.88%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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DBLSX vs. SPY - Expense Ratio Comparison
DBLSX has a 0.41% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
DBLSX vs. SPY — Risk / Return Rank
DBLSX
SPY
DBLSX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Low Duration Bond Fund (DBLSX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.69 | 0.93 | +2.76 |
Sortino ratioReturn per unit of downside risk | 5.93 | 1.45 | +4.48 |
Omega ratioGain probability vs. loss probability | 2.04 | 1.22 | +0.82 |
Calmar ratioReturn relative to maximum drawdown | 6.46 | 1.53 | +4.94 |
Martin ratioReturn relative to average drawdown | 28.25 | 7.30 | +20.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBLSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.69 | 0.93 | +2.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.27 | 0.69 | +1.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.78 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.56 | -0.51 |
Correlation
The correlation between DBLSX and SPY is 0.03, 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
DBLSX vs. SPY - Dividend Comparison
DBLSX's dividend yield for the trailing twelve months is around 4.19%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLSX DoubleLine Low Duration Bond Fund | 4.19% | 4.64% | 5.09% | 4.49% | 2.50% | 1.72% | 2.37% | 3.21% | 2.92% | 2.42% | 2.52% | 2.47% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
DBLSX vs. SPY - Drawdown Comparison
The maximum DBLSX drawdown since its inception was -57.22%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DBLSX and SPY.
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Drawdown Indicators
| DBLSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.22% | -55.19% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -12.05% | +11.33% |
Max Drawdown (5Y)Largest decline over 5 years | -4.71% | -24.50% | +19.79% |
Max Drawdown (10Y)Largest decline over 10 years | -57.22% | -33.72% | -23.50% |
Current DrawdownCurrent decline from peak | -45.38% | -6.24% | -39.14% |
Average DrawdownAverage peak-to-trough decline | -31.35% | -9.09% | -22.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 2.52% | -2.35% |
Volatility
DBLSX vs. SPY - Volatility Comparison
The current volatility for DoubleLine Low Duration Bond Fund (DBLSX) is 0.47%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that DBLSX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 5.31% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 9.47% | -8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 19.05% | -17.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.38% | 17.06% | -15.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.98% | 17.92% | +46.06% |