DFLEX vs. DBLIX

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleLine Flexible Income Fund (DFLEX) and DoubleLine Income Fund (DBLIX).

DFLEX is managed by DoubleLine. It was launched on Apr 6, 2014. DBLIX is managed by DoubleLine. It was launched on Sep 2, 2019.

Performance

DFLEX vs. DBLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Flexible Income Fund (DFLEX) and DoubleLine Income Fund (DBLIX). The values are adjusted to include any dividend payments, if applicable.

DFLEX vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DFLEX DoubleLine Flexible Income Fund	0.22%	6.58%	8.65%	7.84%	-8.48%	3.79%	2.93%	1.31%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-5.09%	0.39%

Returns By Period

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%

DBLIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFLEX vs. DBLIX - Expense Ratio Comparison

DFLEX has a 0.74% expense ratio, which is higher than DBLIX's 0.65% expense ratio.

DFLEX

DoubleLine Flexible Income Fund

DBLIX

DoubleLine Income Fund

Return for Risk

DFLEX vs. DBLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFLEX

DFLEX Risk / Return Rank: 98
DFLEX Sharpe Ratio Rank: 99
DFLEX Sortino Ratio Rank: 99
DFLEX Omega Ratio Rank: 98
DFLEX Calmar Ratio Rank: 98
DFLEX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFLEX vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Flexible Income Fund (DFLEX) and DoubleLine Income Fund (DBLIX). 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	DBLIX	Difference
Sharpe ratio Return per unit of total volatility	3.69	—	—
Sortino ratio Return per unit of downside risk	6.09	—	—
Omega ratio Gain probability vs. loss probability	2.08	—	—
Calmar ratio Return relative to maximum drawdown	4.58	—	—
Martin ratio Return relative to average drawdown	20.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DFLEX	DBLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.69	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	—	—

Correlation

The correlation between DFLEX and DBLIX is 0.60, 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. DBLIX - Dividend Comparison

DFLEX's dividend yield for the trailing twelve months is around 5.14%, less than DBLIX's 5.20% 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%
DBLIX DoubleLine Income Fund	5.20%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	DFLEX	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.29%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.29%	—	—
Current Drawdown Current decline from peak	-0.80%	—	—
Average Drawdown Average peak-to-trough decline	-1.58%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	—	—

Volatility

Volatility by Period

	DFLEX	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.40%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.92%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.73%	—	—