DBLTX vs. SPY
Compare and contrast key facts about DoubleLine Total Return Bond Fund Class I (DBLTX) and SPDR S&P 500 ETF (SPY).
DBLTX is managed by DoubleLine. It was launched on Apr 6, 2010. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBLTX or SPY.
Performance
DBLTX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, DBLTX achieves a 3.04% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, DBLTX has underperformed SPY with an annualized return of 1.53%, while SPY has yielded a comparatively higher 13.07% annualized return.
DBLTX
3.04%
-0.72%
3.77%
8.06%
-0.25%
1.53%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| DBLTX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.40 | 2.62 |
| Sortino Ratio | 2.04 | 3.50 |
| Omega Ratio | 1.25 | 1.49 |
| Calmar Ratio | 0.61 | 3.78 |
| Martin Ratio | 4.86 | 17.00 |
| Ulcer Index | 1.66% | 1.87% |
| Daily Std Dev | 5.77% | 12.14% |
| Max Drawdown | -16.49% | -55.19% |
| Current Drawdown | -5.96% | -1.38% |
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DBLTX vs. SPY - Expense Ratio Comparison
DBLTX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between DBLTX and SPY is -0.17. 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.
Risk-Adjusted Performance
DBLTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class I (DBLTX) and 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.
Dividends
DBLTX vs. SPY - Dividend Comparison
DBLTX's dividend yield for the trailing twelve months is around 4.98%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.98% | 4.36% | 3.84% | 3.13% | 3.39% | 3.67% | 3.74% | 3.66% | 3.72% | 4.11% | 4.77% | 5.16% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DBLTX vs. SPY - Drawdown Comparison
The maximum DBLTX drawdown since its inception was -16.49%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DBLTX and SPY. For additional features, visit the drawdowns tool.
Volatility
DBLTX vs. SPY - Volatility Comparison
The current volatility for DoubleLine Total Return Bond Fund Class I (DBLTX) is 1.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that DBLTX 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.