DBSCX vs. SPY
DBSCX (Doubleline Selective Credit Fund) and SPY (State Street SPDR S&P 500 ETF) are both funds - DBSCX is a Multisector Bonds fund managed by DoubleLine, while SPY is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, DBSCX returned 4.59%/yr vs 15.70%/yr for SPY. At a 0.03 correlation, their price movements are largely independent. DBSCX charges 0.05%/yr vs 0.09%/yr for SPY.
Performance
DBSCX vs. SPY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBSCX achieves a 1.99% return, which is significantly lower than SPY's 9.74% return. Over the past 10 years, DBSCX has underperformed SPY with an annualized return of 4.59%, while SPY has yielded a comparatively higher 15.70% annualized return.
DBSCX
- 1D
- 0.13%
- 1M
- 0.66%
- YTD
- 1.99%
- 6M
- 2.07%
- 1Y
- 6.43%
- 3Y*
- 7.71%
- 5Y*
- 3.82%
- 10Y*
- 4.59%
SPY
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.74%
- 6M
- 9.27%
- 1Y
- 26.65%
- 3Y*
- 21.27%
- 5Y*
- 13.51%
- 10Y*
- 15.70%
DBSCX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 1.99% | 8.46% | 7.78% | 8.55% | -8.10% | 4.13% | 1.83% | 5.68% | 3.03% | 8.75% |
SPY State Street SPDR S&P 500 ETF | 9.74% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between DBSCX and SPY 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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.03 |
Over the past year, DBSCX and SPY have become more correlated (0.26) than their long-term average of 0.03, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBSCX vs. SPY — Risk / Return Rank
DBSCX
SPY
DBSCX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Selective Credit Fund (DBSCX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.39 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | 3.01 | +1.88 |
| Martin ratioReturn relative to average drawdown | 19.84 | 13.54 | +6.30 |
Loading charts...
Drawdowns
DBSCX vs. SPY - Drawdown Comparison
The maximum DBSCX drawdown since its inception was -14.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DBSCX and SPY.
Loading charts...
Drawdown Indicators
| DBSCX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -55.19% | +41.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -8.88% | +7.56% |
Max Drawdown (3Y)Largest decline over 3 years | -1.91% | -18.76% | +16.85% |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | -24.50% | +14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -14.12% | -33.72% | +19.60% |
Current DrawdownCurrent decline from peak | -0.13% | -1.75% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -9.04% | +7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 1.97% | -1.65% |
Volatility
DBSCX vs. SPY - Volatility Comparison
The current volatility for Doubleline Selective Credit Fund (DBSCX) is 0.65%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 4.64%. This indicates that DBSCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBSCX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 4.64% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 9.75% | -8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 12.43% | -10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.72% | 17.14% | -14.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.91% | 17.99% | -15.08% |
DBSCX vs. SPY - Expense Ratio Comparison
DBSCX has a 0.05% expense ratio, which is lower than SPY's 0.09% 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%.
Dividends
DBSCX vs. SPY - Dividend Comparison
DBSCX's dividend yield for the trailing twelve months is around 6.55%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 6.55% | 6.50% | 7.09% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
DBSCX and SPY 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.
SPY has higher volatility (4.64%) compared to DBSCX (0.65%). In terms of maximum drawdown, DBSCX dropped -14.12% vs SPY's -55.19%.
DBSCX currently has the higher Sharpe Ratio (3.21 vs 2.16), 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.
Find the right allocation for DBSCX and SPY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer