DFLEX vs. DBLFX
Compare and contrast key facts about DoubleLine Flexible Income Fund (DFLEX) and DoubleLine Core Fixed Income Fund (DBLFX).
DFLEX is managed by DoubleLine. It was launched on Apr 6, 2014. DBLFX is managed by DoubleLine. It was launched on Jun 1, 2010.
Performance
DFLEX vs. DBLFX - Performance Comparison
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DFLEX vs. DBLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFLEX DoubleLine Flexible Income Fund | 0.22% | 6.58% | 8.65% | 7.84% | -8.48% | 3.79% | 2.93% | 7.21% | 0.10% | 5.27% |
DBLFX DoubleLine Core Fixed Income Fund | -0.74% | 7.54% | 3.04% | 6.44% | -12.76% | -0.34% | 5.61% | 7.99% | -0.01% | 4.66% |
Returns By Period
In the year-to-date period, DFLEX achieves a 0.22% return, which is significantly higher than DBLFX's -0.74% return. Over the past 10 years, DFLEX has outperformed DBLFX with an annualized return of 3.79%, while DBLFX has yielded a comparatively lower 2.11% annualized return.
DFLEX
- 1D
- 0.11%
- 1M
- -0.80%
- YTD
- 0.22%
- 6M
- 1.54%
- 1Y
- 5.12%
- 3Y*
- 7.13%
- 5Y*
- 3.19%
- 10Y*
- 3.79%
DBLFX
- 1D
- 0.55%
- 1M
- -2.33%
- YTD
- -0.74%
- 6M
- 0.36%
- 1Y
- 3.98%
- 3Y*
- 4.17%
- 5Y*
- 0.78%
- 10Y*
- 2.11%
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DFLEX vs. DBLFX - Expense Ratio Comparison
DFLEX has a 0.74% expense ratio, which is higher than DBLFX's 0.47% expense ratio.
Return for Risk
DFLEX vs. DBLFX — Risk / Return Rank
DFLEX
DBLFX
DFLEX vs. DBLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Flexible Income Fund (DFLEX) and DoubleLine Core Fixed Income Fund (DBLFX). 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.
| DFLEX | DBLFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.69 | 1.04 | +2.65 |
Sortino ratioReturn per unit of downside risk | 6.09 | 1.50 | +4.59 |
Omega ratioGain probability vs. loss probability | 2.08 | 1.19 | +0.89 |
Calmar ratioReturn relative to maximum drawdown | 4.58 | 1.62 | +2.96 |
Martin ratioReturn relative to average drawdown | 20.46 | 5.47 | +14.99 |
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
| DFLEX | DBLFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.69 | 1.04 | +2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.67 | 0.15 | +1.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.39 | 0.50 | +0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.86 | +0.49 |
Correlation
The correlation between DFLEX and DBLFX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DFLEX vs. DBLFX - Dividend Comparison
DFLEX's dividend yield for the trailing twelve months is around 5.14%, more than DBLFX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFLEX DoubleLine Flexible Income Fund | 5.14% | 5.68% | 6.05% | 5.95% | 4.72% | 3.86% | 3.96% | 4.46% | 4.46% | 3.82% | 3.75% | 4.32% |
DBLFX DoubleLine Core Fixed Income Fund | 4.39% | 4.87% | 5.22% | 4.66% | 3.99% | 3.12% | 3.17% | 3.42% | 3.35% | 2.90% | 2.95% | 3.59% |
Drawdowns
DFLEX vs. DBLFX - Drawdown Comparison
The maximum DFLEX drawdown since its inception was -17.29%, roughly equal to the maximum DBLFX drawdown of -17.09%. Use the drawdown chart below to compare losses from any high point for DFLEX and DBLFX.
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Drawdown Indicators
| DFLEX | DBLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -17.09% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -2.86% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -11.00% | -17.09% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -17.29% | -17.09% | -0.20% |
Current DrawdownCurrent decline from peak | -0.80% | -2.33% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -2.58% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.85% | -0.59% |
Volatility
DFLEX vs. DBLFX - Volatility Comparison
The current volatility for DoubleLine Flexible Income Fund (DFLEX) is 0.56%, while DoubleLine Core Fixed Income Fund (DBLFX) has a volatility of 1.60%. This indicates that DFLEX experiences smaller price fluctuations and is considered to be less risky than DBLFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFLEX | DBLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.60% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.91% | 2.42% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.40% | 3.96% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.92% | 5.20% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 4.27% | -1.54% |