DBLTX vs. WOBDX
DBLTX (DoubleLine Total Return Bond Fund Class I) and WOBDX (JPMorgan Core Bond Fund) are both mutual funds - DBLTX is a Total Bond Market fund managed by DoubleLine, while WOBDX is a Intermediate Core Bond fund managed by JPMorgan. Over the past 10 years, DBLTX returned 1.78%/yr vs 1.90%/yr for WOBDX. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
DBLTX vs. WOBDX - Performance Comparison
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Returns By Period
In the year-to-date period, DBLTX achieves a 0.13% return, which is significantly lower than WOBDX's 0.55% return. Over the past 10 years, DBLTX has underperformed WOBDX with an annualized return of 1.78%, while WOBDX has yielded a comparatively higher 1.90% annualized return.
DBLTX
- 1D
- 0.23%
- 1M
- 0.74%
- YTD
- 0.13%
- 6M
- 0.34%
- 1Y
- 4.57%
- 3Y*
- 4.62%
- 5Y*
- 0.57%
- 10Y*
- 1.78%
WOBDX
- 1D
- 0.19%
- 1M
- 0.83%
- YTD
- 0.55%
- 6M
- 0.60%
- 1Y
- 4.62%
- 3Y*
- 4.28%
- 5Y*
- 0.38%
- 10Y*
- 1.90%
DBLTX vs. WOBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 0.13% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 4.13% | 5.81% | 1.76% | 3.80% |
WOBDX JPMorgan Core Bond Fund | 0.55% | 7.38% | 1.97% | 5.79% | -12.35% | -1.11% | 8.13% | 8.34% | 0.20% | 3.81% |
Correlation
The correlation between DBLTX and WOBDX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2010 | 0.90 |
The correlation between DBLTX and WOBDX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
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Return for Risk
DBLTX vs. WOBDX — Risk / Return Rank
DBLTX
WOBDX
DBLTX vs. WOBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class I (DBLTX) and JPMorgan Core Bond Fund (WOBDX). 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 | WOBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.59 | -0.10 |
| Martin ratioReturn relative to average drawdown | 4.17 | 4.44 | -0.28 |
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Drawdowns
DBLTX vs. WOBDX - Drawdown Comparison
The maximum DBLTX drawdown since its inception was -16.49%, roughly equal to the maximum WOBDX drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for DBLTX and WOBDX.
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Drawdown Indicators
| DBLTX | WOBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.49% | -16.65% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.99% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -5.96% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -16.65% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -16.49% | -16.65% | +0.16% |
Current DrawdownCurrent decline from peak | -1.89% | -1.51% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -1.90% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.06% | +0.07% |
Volatility
DBLTX vs. WOBDX - Volatility Comparison
DoubleLine Total Return Bond Fund Class I (DBLTX) has a higher volatility of 1.18% compared to JPMorgan Core Bond Fund (WOBDX) at 1.10%. This indicates that DBLTX's price experiences larger fluctuations and is considered to be riskier than WOBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLTX | WOBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.10% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 2.81% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.80% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 5.70% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 4.71% | -0.30% |
DBLTX vs. WOBDX - Expense Ratio Comparison
Both DBLTX and WOBDX have an expense ratio of 0.50%.
Dividends
DBLTX vs. WOBDX - Dividend Comparison
DBLTX's dividend yield for the trailing twelve months is around 4.88%, more than WOBDX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.88% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
WOBDX JPMorgan Core Bond Fund | 4.06% | 3.97% | 3.95% | 3.51% | 2.68% | 2.82% | 4.00% | 3.23% | 2.91% | 2.88% | 2.84% | 2.54% |
Frequently Asked Questions
With a correlation of 0.94, DBLTX and WOBDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DBLTX has higher volatility (1.18%) compared to WOBDX (1.10%). In terms of maximum drawdown, DBLTX dropped -16.49% vs WOBDX's -16.65%.
WOBDX currently has the higher Sharpe Ratio (1.25 vs 1.24), 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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