DBLTX vs. FIWDX
DBLTX (DoubleLine Total Return Bond Fund Class I) and FIWDX (Fidelity Advisor Strategic Income Fund Class Z) are both Total Bond Market funds. Over the past 5 years, DBLTX returned 0.14%/yr vs 2.74%/yr for FIWDX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. DBLTX charges 0.50%/yr vs 0.61%/yr for FIWDX.
Performance
DBLTX vs. FIWDX - Performance Comparison
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Returns By Period
In the year-to-date period, DBLTX achieves a -0.92% return, which is significantly lower than FIWDX's 2.29% return.
DBLTX
- 1D
- 0.23%
- 1M
- -1.15%
- 6M
- -1.15%
- YTD
- -0.92%
- 1Y
- 1.68%
- 3Y*
- 4.68%
- 5Y*
- 0.14%
- 10Y*
- 1.59%
- ALL TIME*
- 3.41%
FIWDX
- 1D
- 0.41%
- 1M
- -0.82%
- 6M
- 1.62%
- YTD
- 2.29%
- 1Y
- 5.73%
- 3Y*
- 7.46%
- 5Y*
- 2.74%
- 10Y*
- —
- ALL TIME*
- 4.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DBLTX vs. FIWDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | -0.92% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 4.13% | 5.81% | 2.04% |
FIWDX Fidelity Advisor Strategic Income Fund Class Z | 2.29% | 8.98% | 6.07% | 9.20% | -11.76% | 3.51% | 7.60% | 11.20% | -1.63% |
Correlation
The correlation between DBLTX and FIWDX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.60 |
The correlation between DBLTX and FIWDX shifts across timeframes, from 0.60 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBLTX vs. FIWDX — Risk / Return Rank
DBLTX
FIWDX
DBLTX vs. FIWDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class I (DBLTX) and Fidelity Advisor Strategic Income Fund Class Z (FIWDX). 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.
| DBLTX | FIWDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.30 | -1.70 |
| Martin ratioReturn relative to average drawdown | 1.42 | 8.51 | -7.09 |
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Drawdowns
DBLTX vs. FIWDX - Drawdown Comparison
The maximum DBLTX drawdown since its inception was -16.49%, roughly equal to the maximum FIWDX drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for DBLTX and FIWDX.
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Drawdown Indicators
| DBLTX | FIWDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.49% | -15.96% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.61% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -3.63% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -15.96% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -16.49% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -1.30% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -3.15% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.71% | +0.64% |
Volatility
DBLTX vs. FIWDX - Volatility Comparison
DoubleLine Total Return Bond Fund Class I (DBLTX) has a higher volatility of 1.25% compared to Fidelity Advisor Strategic Income Fund Class Z (FIWDX) at 1.07%. This indicates that DBLTX's price experiences larger fluctuations and is considered to be riskier than FIWDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLTX | FIWDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.07% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 3.31% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.79% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 4.60% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.43% | 4.87% | -0.44% |
DBLTX vs. FIWDX - Expense Ratio Comparison
DBLTX has a 0.50% expense ratio, which is lower than FIWDX's 0.61% expense ratio.
Dividends
DBLTX vs. FIWDX - Dividend Comparison
DBLTX's dividend yield for the trailing twelve months is around 4.54%, more than FIWDX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.54% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
FIWDX Fidelity Advisor Strategic Income Fund Class Z | 4.07% | 4.39% | 4.21% | 4.02% | 2.99% | 4.28% | 4.62% | 4.39% | 1.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBLTX and FIWDX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBLTX has higher volatility (1.25%) compared to FIWDX (1.07%). In terms of maximum drawdown, DBLTX dropped -16.49% vs FIWDX's -15.96%.
FIWDX currently has the higher Sharpe Ratio (1.59 vs 0.51), 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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