DBSCX vs. HICOX
Compare and contrast key facts about Doubleline Selective Credit Fund (DBSCX) and Colorado Bond Shares A Tax Exempt Fund (HICOX).
DBSCX is managed by DoubleLine. It was launched on Aug 3, 2014. HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBSCX or HICOX.
Key characteristics
| DBSCX | HICOX | |
|---|---|---|
| YTD Return | 7.61% | 6.08% |
| 1Y Return | 11.91% | 10.62% |
| 3Y Return (Ann) | 2.51% | 3.13% |
| 5Y Return (Ann) | 2.80% | 3.87% |
| 10Y Return (Ann) | 4.24% | 4.25% |
| Sharpe Ratio | 3.47 | 3.36 |
| Daily Std Dev | 3.39% | 3.14% |
| Max Drawdown | -14.12% | -8.07% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between DBSCX and HICOX is 0.32, 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. HICOX - Performance Comparison
In the year-to-date period, DBSCX achieves a 7.61% return, which is significantly higher than HICOX's 6.08% return. Both investments have delivered pretty close results over the past 10 years, with DBSCX having a 4.24% annualized return and HICOX not far ahead at 4.25%. 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. HICOX - Expense Ratio Comparison
DBSCX has a 0.05% expense ratio, which is lower than HICOX's 0.55% expense ratio.
Risk-Adjusted Performance
DBSCX vs. HICOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Selective Credit Fund (DBSCX) and Colorado Bond Shares A Tax Exempt Fund (HICOX). 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. HICOX - Dividend Comparison
DBSCX's dividend yield for the trailing twelve months is around 6.70%, more than HICOX's 5.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 6.70% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% | 2.40% | 0.00% |
HICOX Colorado Bond Shares A Tax Exempt Fund | 4.66% | 5.01% | 4.27% | 3.84% | 4.00% | 3.79% | 4.13% | 4.24% | 4.73% | 3.78% | 4.51% | 4.47% |
Drawdowns
DBSCX vs. HICOX - Drawdown Comparison
The maximum DBSCX drawdown since its inception was -14.12%, which is greater than HICOX's maximum drawdown of -8.07%. Use the drawdown chart below to compare losses from any high point for DBSCX and HICOX. For additional features, visit the drawdowns tool.
Volatility
DBSCX vs. HICOX - Volatility Comparison
Doubleline Selective Credit Fund (DBSCX) has a higher volatility of 0.78% compared to Colorado Bond Shares A Tax Exempt Fund (HICOX) at 0.28%. This indicates that DBSCX's price experiences larger fluctuations and is considered to be riskier than HICOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.