DBLTX vs. VTBNX
DBLTX (DoubleLine Total Return Bond Fund Class I) and VTBNX (Vanguard Total Bond Market II Index Fund) are both Total Bond Market funds. Over the past 10 years, DBLTX returned 1.59%/yr vs 1.30%/yr for VTBNX. Their correlation of 0.90 means they have usually moved in the same direction. DBLTX charges 0.50%/yr vs 0.02%/yr for VTBNX.
Performance
DBLTX vs. VTBNX - 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 VTBNX's -0.81% return. Over the past 10 years, DBLTX has outperformed VTBNX with an annualized return of 1.59%, while VTBNX has yielded a comparatively lower 1.30% annualized 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%
VTBNX
- 1D
- 0.21%
- 1M
- -1.26%
- 6M
- -0.84%
- YTD
- -0.81%
- 1Y
- 1.60%
- 3Y*
- 3.91%
- 5Y*
- -0.49%
- 10Y*
- 1.30%
- ALL TIME*
- 1.69%
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. VTBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | -0.92% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 4.13% | 5.81% | 1.76% | 3.80% |
VTBNX Vanguard Total Bond Market II Index Fund | -0.81% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | -0.27% | 3.62% |
Correlation
The correlation between DBLTX and VTBNX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2016 | 0.90 |
The correlation between DBLTX and VTBNX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
DBLTX vs. VTBNX — Risk / Return Rank
DBLTX
VTBNX
DBLTX vs. VTBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class I (DBLTX) and Vanguard Total Bond Market II Index Fund (VTBNX). 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 | VTBNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.07 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.57 | +0.04 |
| Martin ratioReturn relative to average drawdown | 1.42 | 1.37 | +0.05 |
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Drawdowns
DBLTX vs. VTBNX - Drawdown Comparison
The maximum DBLTX drawdown since its inception was -16.49%, smaller than the maximum VTBNX drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for DBLTX and VTBNX.
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Drawdown Indicators
| DBLTX | VTBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.49% | -18.71% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.83% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -4.92% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -17.88% | +1.51% |
Max Drawdown (10Y)Largest decline over 10 years | -16.49% | -18.71% | +2.22% |
Current DrawdownCurrent decline from peak | -2.91% | -3.32% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -4.83% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.16% | +0.19% |
Volatility
DBLTX vs. VTBNX - Volatility Comparison
DoubleLine Total Return Bond Fund Class I (DBLTX) has a higher volatility of 1.25% compared to Vanguard Total Bond Market II Index Fund (VTBNX) at 1.06%. This indicates that DBLTX's price experiences larger fluctuations and is considered to be riskier than VTBNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLTX | VTBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.06% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 2.98% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.72% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 5.96% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.43% | 4.93% | -0.50% |
DBLTX vs. VTBNX - Expense Ratio Comparison
DBLTX has a 0.50% expense ratio, which is higher than VTBNX's 0.02% expense ratio.
Dividends
DBLTX vs. VTBNX - Dividend Comparison
DBLTX's dividend yield for the trailing twelve months is around 4.54%, more than VTBNX's 3.78% 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% |
VTBNX Vanguard Total Bond Market II Index Fund | 3.78% | 3.95% | 3.77% | 3.13% | 2.54% | 1.82% | 3.12% | 2.79% | 2.56% | 2.52% | 2.55% | 0.00% |
Frequently Asked Questions
DBLTX and VTBNX have a correlation of 0.89, 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 VTBNX (1.06%). In terms of maximum drawdown, DBLTX dropped -16.49% vs VTBNX's -18.71%.
DBLTX currently has the higher Sharpe Ratio (0.51 vs 0.43), 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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