DFLEX vs. JUCIX
DFLEX (DoubleLine Flexible Income Fund) and JUCIX (Janus Henderson Absolute Return Income Opportunities Fund) are both Nontraditional Bonds funds. Over the past 10 years, DFLEX returned 3.72%/yr vs 2.57%/yr for JUCIX. At a 0.27 correlation, their price movements are largely independent. DFLEX charges 0.74%/yr vs 0.71%/yr for JUCIX.
Performance
DFLEX vs. JUCIX - Performance Comparison
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Returns By Period
In the year-to-date period, DFLEX achieves a 1.61% return, which is significantly higher than JUCIX's 1.18% return. Over the past 10 years, DFLEX has outperformed JUCIX with an annualized return of 3.72%, while JUCIX has yielded a comparatively lower 2.57% annualized return.
DFLEX
- 1D
- -0.11%
- 1M
- 0.45%
- YTD
- 1.61%
- 6M
- 1.71%
- 1Y
- 5.05%
- 3Y*
- 7.32%
- 5Y*
- 3.17%
- 10Y*
- 3.72%
JUCIX
- 1D
- 0.00%
- 1M
- 0.44%
- YTD
- 1.18%
- 6M
- 1.60%
- 1Y
- 5.45%
- 3Y*
- 6.17%
- 5Y*
- 3.78%
- 10Y*
- 2.57%
DFLEX vs. JUCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFLEX DoubleLine Flexible Income Fund | 1.61% | 6.58% | 8.65% | 7.84% | -8.48% | 3.79% | 2.93% | 7.21% | 0.10% | 5.27% |
JUCIX Janus Henderson Absolute Return Income Opportunities Fund | 1.18% | 6.68% | 6.13% | 7.02% | -1.46% | -0.43% | 3.56% | 2.60% | -3.85% | 2.37% |
Correlation
The correlation between DFLEX and JUCIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.27 |
The correlation between DFLEX and JUCIX shifts across timeframes, from 0.27 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DFLEX vs. JUCIX — Risk / Return Rank
DFLEX
JUCIX
DFLEX vs. JUCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Flexible Income Fund (DFLEX) and Janus Henderson Absolute Return Income Opportunities Fund (JUCIX). 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.
| DFLEX | JUCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 2.09 | 1.93 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.70 | 4.15 | +1.55 |
| Martin ratioReturn relative to average drawdown | 25.44 | 16.45 | +8.99 |
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Drawdowns
DFLEX vs. JUCIX - Drawdown Comparison
The maximum DFLEX drawdown since its inception was -17.29%, which is greater than JUCIX's maximum drawdown of -8.25%. Use the drawdown chart below to compare losses from any high point for DFLEX and JUCIX.
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Drawdown Indicators
| DFLEX | JUCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -8.25% | -9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -1.32% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.15% | -1.32% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -11.00% | -3.81% | -7.19% |
Max Drawdown (10Y)Largest decline over 10 years | -17.29% | -8.25% | -9.04% |
Current DrawdownCurrent decline from peak | -0.23% | -0.22% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -1.33% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.33% | -0.13% |
Volatility
DFLEX vs. JUCIX - Volatility Comparison
DoubleLine Flexible Income Fund (DFLEX) and Janus Henderson Absolute Return Income Opportunities Fund (JUCIX) have volatilities of 0.57% and 0.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFLEX | JUCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.59% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 1.51% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 2.25% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 1.86% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 2.51% | +0.22% |
DFLEX vs. JUCIX - Expense Ratio Comparison
DFLEX has a 0.74% expense ratio, which is higher than JUCIX's 0.71% expense ratio.
Dividends
DFLEX vs. JUCIX - Dividend Comparison
DFLEX's dividend yield for the trailing twelve months is around 5.54%, more than JUCIX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFLEX DoubleLine Flexible Income Fund | 5.54% | 5.68% | 6.05% | 5.95% | 4.72% | 3.86% | 3.96% | 4.46% | 4.46% | 3.82% | 3.75% | 4.32% |
JUCIX Janus Henderson Absolute Return Income Opportunities Fund | 4.88% | 4.86% | 4.66% | 3.73% | 2.09% | 1.48% | 1.70% | 2.68% | 3.24% | 2.56% | 4.76% | 2.28% |
Frequently Asked Questions
DFLEX and JUCIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JUCIX has higher volatility (0.59%) compared to DFLEX (0.57%). In terms of maximum drawdown, DFLEX dropped -17.29% vs JUCIX's -8.25%.
DFLEX currently has the higher Sharpe Ratio (3.79 vs 2.44), 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.
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