DBLTX vs. CMNIX
Compare and contrast key facts about DoubleLine Total Return Bond Fund Class I (DBLTX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX).
DBLTX is managed by DoubleLine. It was launched on Apr 6, 2010. CMNIX is managed by Calamos. It was launched on May 10, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBLTX or CMNIX.
Key characteristics
| DBLTX | CMNIX | |
|---|---|---|
| YTD Return | 3.39% | 6.43% |
| 1Y Return | 10.25% | 8.19% |
| 3Y Return (Ann) | -1.76% | 3.73% |
| 5Y Return (Ann) | -0.05% | 4.38% |
| 10Y Return (Ann) | 1.57% | 4.09% |
| Sharpe Ratio | 1.63 | 4.32 |
| Sortino Ratio | 2.38 | 6.87 |
| Omega Ratio | 1.30 | 2.19 |
| Calmar Ratio | 0.67 | 10.13 |
| Martin Ratio | 6.54 | 62.23 |
| Ulcer Index | 1.49% | 0.13% |
| Daily Std Dev | 5.98% | 1.91% |
| Max Drawdown | -16.49% | -22.81% |
| Current Drawdown | -5.64% | -0.07% |
Correlation
The correlation between DBLTX and CMNIX is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DBLTX vs. CMNIX - Performance Comparison
In the year-to-date period, DBLTX achieves a 3.39% return, which is significantly lower than CMNIX's 6.43% return. Over the past 10 years, DBLTX has underperformed CMNIX with an annualized return of 1.57%, while CMNIX has yielded a comparatively higher 4.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBLTX vs. CMNIX - Expense Ratio Comparison
DBLTX has a 0.50% expense ratio, which is lower than CMNIX's 0.90% expense ratio.
Risk-Adjusted Performance
DBLTX vs. CMNIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class I (DBLTX) and Calamos Market Neutral Income Fund Institutional Class (CMNIX). 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.
Dividends
DBLTX vs. CMNIX - Dividend Comparison
DBLTX's dividend yield for the trailing twelve months is around 4.96%, less than CMNIX's 5.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.96% | 4.36% | 3.84% | 3.13% | 3.39% | 3.67% | 3.74% | 3.66% | 3.72% | 4.11% | 4.77% | 5.16% |
CMNIX Calamos Market Neutral Income Fund Institutional Class | 5.54% | 5.90% | 1.02% | 0.46% | 0.90% | 1.57% | 5.01% | 3.12% | 2.96% | 2.90% | 2.28% | 3.55% |
Drawdowns
DBLTX vs. CMNIX - Drawdown Comparison
The maximum DBLTX drawdown since its inception was -16.49%, smaller than the maximum CMNIX drawdown of -22.81%. Use the drawdown chart below to compare losses from any high point for DBLTX and CMNIX. For additional features, visit the drawdowns tool.
Volatility
DBLTX vs. CMNIX - Volatility Comparison
DoubleLine Total Return Bond Fund Class I (DBLTX) has a higher volatility of 1.18% compared to Calamos Market Neutral Income Fund Institutional Class (CMNIX) at 0.37%. This indicates that DBLTX's price experiences larger fluctuations and is considered to be riskier than CMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.