DBSCX vs. DLY
DBSCX (Doubleline Selective Credit Fund) and DLY (DoubleLine Yield Opportunities Fund) are both Multisector Bonds funds from DoubleLine. Over the past 5 years, DBSCX returned 3.85%/yr vs 1.89%/yr for DLY. At a 0.19 correlation, their price movements are largely independent. DBSCX charges 0.05%/yr vs 2.91%/yr for DLY.
Performance
DBSCX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, DBSCX achieves a 2.13% return, which is significantly higher than DLY's 0.09% return.
DBSCX
- 1D
- 0.13%
- 1M
- 0.52%
- YTD
- 2.13%
- 6M
- 2.21%
- 1Y
- 6.15%
- 3Y*
- 7.71%
- 5Y*
- 3.85%
- 10Y*
- 4.57%
DLY
- 1D
- 0.73%
- 1M
- 0.12%
- YTD
- 0.09%
- 6M
- 0.44%
- 1Y
- -1.75%
- 3Y*
- 8.35%
- 5Y*
- 1.89%
- 10Y*
- —
DBSCX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 2.13% | 8.46% | 7.78% | 8.55% | -8.10% | 4.13% | 0.48% |
DLY DoubleLine Yield Opportunities Fund | 0.09% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
Correlation
The correlation between DBSCX and DLY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.19 |
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Return for Risk
DBSCX vs. DLY — Risk / Return Rank
DBSCX
DLY
DBSCX vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Selective Credit Fund (DBSCX) and DoubleLine Yield Opportunities Fund (DLY). 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.
| DBSCX | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.29 | ||
| Sortino ratioReturn per unit of downside risk | +5.01 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 0.97 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 4.67 | -0.20 | +4.87 |
| Martin ratioReturn relative to average drawdown | 18.93 | -0.49 | +19.42 |
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Drawdowns
DBSCX vs. DLY - Drawdown Comparison
The maximum DBSCX drawdown since its inception was -14.12%, smaller than the maximum DLY drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for DBSCX and DLY.
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Drawdown Indicators
| DBSCX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -28.61% | +14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -8.74% | +7.42% |
Max Drawdown (3Y)Largest decline over 3 years | -1.91% | -10.81% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -28.61% | +19.09% |
Max Drawdown (10Y)Largest decline over 10 years | -14.12% | — | — |
Current DrawdownCurrent decline from peak | -0.00% | -4.03% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -7.79% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 3.58% | -3.25% |
Volatility
DBSCX vs. DLY - Volatility Comparison
The current volatility for Doubleline Selective Credit Fund (DBSCX) is 0.65%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.79%. This indicates that DBSCX experiences smaller price fluctuations and is considered to be less risky than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBSCX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 1.79% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 6.91% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 8.17% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.72% | 13.58% | -10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.91% | 14.99% | -12.08% |
DBSCX vs. DLY - Expense Ratio Comparison
DBSCX has a 0.05% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
DBSCX vs. DLY - Dividend Comparison
DBSCX's dividend yield for the trailing twelve months is around 6.54%, less than DLY's 10.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 6.54% | 6.50% | 7.09% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% |
DLY DoubleLine Yield Opportunities Fund | 10.10% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBSCX and DLY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.79%) compared to DBSCX (0.65%). In terms of maximum drawdown, DBSCX dropped -14.12% vs DLY's -28.61%.
DBSCX currently has the higher Sharpe Ratio (3.08 vs -0.21), 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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