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 3.82%/yr vs 2.06%/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 1.71% return, which is significantly higher than DLY's -0.45% return.
DBSCX
- 1D
- 0.00%
- 1M
- 0.39%
- YTD
- 1.71%
- 6M
- 1.93%
- 1Y
- 6.43%
- 3Y*
- 7.62%
- 5Y*
- 3.82%
- 10Y*
- 4.60%
DLY
- 1D
- -0.07%
- 1M
- -1.30%
- YTD
- -0.45%
- 6M
- 0.01%
- 1Y
- -2.61%
- 3Y*
- 9.13%
- 5Y*
- 2.06%
- 10Y*
- —
DBSCX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 1.71% | 8.46% | 7.78% | 8.55% | -8.10% | 4.13% | 0.37% |
DLY DoubleLine Yield Opportunities Fund | -0.45% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -3.06% |
Correlation
The correlation between DBSCX and DLY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 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.
| DBSCX | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.60 | ||
| Sortino ratioReturn per unit of downside risk | +5.48 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 0.95 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 5.11 | -0.30 | +5.41 |
| Martin ratioReturn relative to average drawdown | 20.66 | -0.77 | +21.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBSCX | DLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.27 | -0.32 | +3.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.41 | 0.15 | +1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 0.18 | +1.42 |
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 | -0.13% | -4.55% | +4.42% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -7.82% | +6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 3.41% | -3.08% |
Volatility
DBSCX vs. DLY - Volatility Comparison
The current volatility for Doubleline Selective Credit Fund (DBSCX) is 0.71%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.92%. 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 | 0.71% | 1.92% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 6.85% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 8.09% | -6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.71% | 13.57% | -10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.90% | 15.05% | -12.15% |
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 6.57%, less than DLY's 10.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 6.57% | 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 | 10.07% | 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 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.92%) compared to DBSCX (0.71%). In terms of maximum drawdown, DBSCX dropped -14.12% vs DLY's -28.61%.
DBSCX currently has the higher Sharpe Ratio (3.27 vs -0.32), 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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