DBSCX vs. ENIAX
Compare and contrast key facts about Doubleline Selective Credit Fund (DBSCX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX).
DBSCX is managed by DoubleLine. It was launched on Aug 3, 2014. ENIAX is managed by SEI. It was launched on Dec 13, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBSCX or ENIAX.
Key characteristics
| DBSCX | ENIAX | |
|---|---|---|
| YTD Return | 7.26% | 6.96% |
| 1Y Return | 12.46% | 9.59% |
| 3Y Return (Ann) | 2.37% | 5.18% |
| 5Y Return (Ann) | 2.61% | 4.57% |
| 10Y Return (Ann) | 4.18% | 3.86% |
| Sharpe Ratio | 3.73 | 9.43 |
| Sortino Ratio | 5.89 | 30.43 |
| Omega Ratio | 1.77 | 12.75 |
| Calmar Ratio | 2.15 | 75.60 |
| Martin Ratio | 28.46 | 467.22 |
| Ulcer Index | 0.43% | 0.02% |
| Daily Std Dev | 3.30% | 1.02% |
| Max Drawdown | -14.12% | -30.62% |
| Current Drawdown | -0.66% | 0.00% |
Correlation
The correlation between DBSCX and ENIAX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DBSCX vs. ENIAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with DBSCX having a 7.26% return and ENIAX slightly lower at 6.96%. Over the past 10 years, DBSCX has outperformed ENIAX with an annualized return of 4.18%, while ENIAX has yielded a comparatively lower 3.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBSCX vs. ENIAX - Expense Ratio Comparison
DBSCX has a 0.05% expense ratio, which is lower than ENIAX's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DBSCX vs. ENIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Selective Credit Fund (DBSCX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). 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
DBSCX vs. ENIAX - Dividend Comparison
DBSCX's dividend yield for the trailing twelve months is around 6.82%, less than ENIAX's 7.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 6.82% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% | 2.40% | 0.00% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 7.27% | 7.09% | 4.07% | 2.66% | 4.05% | 4.32% | 3.96% | 3.02% | 2.75% | 2.54% | 2.56% | 1.69% |
Drawdowns
DBSCX vs. ENIAX - Drawdown Comparison
The maximum DBSCX drawdown since its inception was -14.12%, smaller than the maximum ENIAX drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for DBSCX and ENIAX. For additional features, visit the drawdowns tool.
Volatility
DBSCX vs. ENIAX - Volatility Comparison
Doubleline Selective Credit Fund (DBSCX) has a higher volatility of 0.62% compared to SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) at 0.24%. This indicates that DBSCX's price experiences larger fluctuations and is considered to be riskier than ENIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.