DBLTX vs. FYBTX
DBLTX (DoubleLine Total Return Bond Fund Class I) and FYBTX (Fidelity Series Short-Term Credit Fund) are both Total Bond Market funds. Over the past 10 years, DBLTX returned 1.66%/yr vs 2.55%/yr for FYBTX. A 0.67 correlation means they provide meaningful diversification when combined. DBLTX charges 0.50%/yr vs 0.00%/yr for FYBTX.
Performance
DBLTX vs. FYBTX - Performance Comparison
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Returns By Period
In the year-to-date period, DBLTX achieves a -0.46% return, which is significantly lower than FYBTX's 0.97% return. Over the past 10 years, DBLTX has underperformed FYBTX with an annualized return of 1.66%, while FYBTX has yielded a comparatively higher 2.55% annualized return.
DBLTX
- 1D
- -0.34%
- 1M
- -0.47%
- 6M
- -0.68%
- YTD
- -0.46%
- 1Y
- 3.75%
- 3Y*
- 4.41%
- 5Y*
- 0.38%
- 10Y*
- 1.66%
FYBTX
- 1D
- -0.10%
- 1M
- 0.06%
- 6M
- 0.97%
- YTD
- 0.97%
- 1Y
- 3.88%
- 3Y*
- 5.17%
- 5Y*
- 2.74%
- 10Y*
- 2.55%
DBLTX vs. FYBTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | -0.46% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 4.13% | 5.81% | 1.76% | 3.80% |
FYBTX Fidelity Series Short-Term Credit Fund | 0.97% | 5.72% | 5.13% | 6.08% | -3.50% | -0.54% | 3.99% | 5.07% | 1.66% | 1.50% |
Correlation
The correlation between DBLTX and FYBTX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.67 |
The correlation between DBLTX and FYBTX has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
DBLTX vs. FYBTX — Risk / Return Rank
DBLTX
FYBTX
DBLTX vs. FYBTX - 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 Series Short-Term Credit Fund (FYBTX). 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 | FYBTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.54 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 3.28 | -2.09 |
| Martin ratioReturn relative to average drawdown | 3.12 | 13.11 | -9.99 |
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Drawdowns
DBLTX vs. FYBTX - Drawdown Comparison
The maximum DBLTX drawdown since its inception was -16.49%, which is greater than FYBTX's maximum drawdown of -6.00%. Use the drawdown chart below to compare losses from any high point for DBLTX and FYBTX.
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Drawdown Indicators
| DBLTX | FYBTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.49% | -6.00% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -1.19% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -1.19% | -5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -6.00% | -10.49% |
Max Drawdown (10Y)Largest decline over 10 years | -16.49% | -6.00% | -10.49% |
Current DrawdownCurrent decline from peak | -2.46% | -0.30% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.71% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 0.30% | +0.90% |
Volatility
DBLTX vs. FYBTX - Volatility Comparison
DoubleLine Total Return Bond Fund Class I (DBLTX) has a higher volatility of 1.26% compared to Fidelity Series Short-Term Credit Fund (FYBTX) at 0.48%. This indicates that DBLTX's price experiences larger fluctuations and is considered to be riskier than FYBTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLTX | FYBTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.48% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 1.37% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 1.87% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 2.20% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 1.92% | +2.50% |
DBLTX vs. FYBTX - Expense Ratio Comparison
DBLTX has a 0.50% expense ratio, which is higher than FYBTX's 0.00% expense ratio.
Dividends
DBLTX vs. FYBTX - Dividend Comparison
DBLTX's dividend yield for the trailing twelve months is around 4.95%, more than FYBTX's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.95% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
FYBTX Fidelity Series Short-Term Credit Fund | 4.75% | 4.66% | 3.67% | 2.76% | 1.26% | 1.65% | 2.31% | 2.72% | 2.45% | 1.59% | 1.24% | 0.00% |
Frequently Asked Questions
DBLTX and FYBTX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBLTX has higher volatility (1.26%) compared to FYBTX (0.48%). In terms of maximum drawdown, DBLTX dropped -16.49% vs FYBTX's -6.00%.
FYBTX currently has the higher Sharpe Ratio (2.09 vs 0.99), 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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