DFLEX vs. SCFZX

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleLine Flexible Income Fund (DFLEX) and PGIM Securitized Credit Fund (SCFZX).

DFLEX is managed by DoubleLine. It was launched on Apr 6, 2014. SCFZX is managed by PGIM. It was launched on Jun 30, 2019.

Performance

DFLEX vs. SCFZX - Performance Comparison

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

DFLEX vs. SCFZX - 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%	1.63%
SCFZX PGIM Securitized Credit Fund	0.60%	5.75%	9.41%	8.67%	-0.84%	5.27%	-0.33%	1.73%

Returns By Period

In the year-to-date period, DFLEX achieves a 0.22% return, which is significantly lower than SCFZX's 0.60% 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%

SCFZX

• 1D: 0.00%
• 1M: -0.31%
• YTD: 0.60%
• 6M: 2.11%
• 1Y: 5.31%
• 3Y*: 7.45%
• 5Y*: 5.17%
• 10Y*: —

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

DFLEX vs. SCFZX - Expense Ratio Comparison

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

DFLEX

DoubleLine Flexible Income Fund

SCFZX

PGIM Securitized Credit Fund

Return for Risk

DFLEX vs. SCFZX — 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

SCFZX

SCFZX Risk / Return Rank: 99
SCFZX Sharpe Ratio Rank: 99
SCFZX Sortino Ratio Rank: 100
SCFZX Omega Ratio Rank: 100
SCFZX Calmar Ratio Rank: 99
SCFZX Martin Ratio Rank: 99

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. SCFZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Flexible Income Fund (DFLEX) and PGIM Securitized Credit Fund (SCFZX). 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	SCFZX	Difference
Sharpe ratio Return per unit of total volatility	3.69	3.52	+0.17
Sortino ratio Return per unit of downside risk	6.09	9.84	-3.76
Omega ratio Gain probability vs. loss probability	2.08	3.61	-1.53
Calmar ratio Return relative to maximum drawdown	4.58	6.24	-1.65
Martin ratio Return relative to average drawdown	20.46	25.35	-4.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFLEX vs. SCFZX - Sharpe Ratio Comparison

The current DFLEX Sharpe Ratio is 3.69, which is comparable to the SCFZX Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of DFLEX and SCFZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DFLEX	SCFZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.69	3.52	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.67	2.74	-1.07
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	1.31	+0.04

Correlation

The correlation between DFLEX and SCFZX is 0.19, 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.

Dividends

DFLEX vs. SCFZX - Dividend Comparison

DFLEX's dividend yield for the trailing twelve months is around 5.14%, more than SCFZX's 4.75% 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%
SCFZX PGIM Securitized Credit Fund	4.75%	5.25%	6.55%	5.58%	4.97%	2.56%	3.08%	2.43%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DFLEX vs. SCFZX - Drawdown Comparison

The maximum DFLEX drawdown since its inception was -17.29%, roughly equal to the maximum SCFZX drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for DFLEX and SCFZX.

Drawdown Indicators

	DFLEX	SCFZX	Difference
Max Drawdown Largest peak-to-trough decline	-17.29%	-17.20%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-1.15%	-0.93%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-11.00%	-4.13%	-6.87%
Max Drawdown (10Y) Largest decline over 10 years	-17.29%	—	—
Current Drawdown Current decline from peak	-0.80%	-0.31%	-0.49%
Average Drawdown Average peak-to-trough decline	-1.58%	-1.09%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.23%	+0.03%

Volatility

DFLEX vs. SCFZX - Volatility Comparison

DoubleLine Flexible Income Fund (DFLEX) has a higher volatility of 0.56% compared to PGIM Securitized Credit Fund (SCFZX) at 0.22%. This indicates that DFLEX's price experiences larger fluctuations and is considered to be riskier than SCFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFLEX	SCFZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	0.22%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	0.91%	1.03%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	1.40%	1.65%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.92%	1.90%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.73%	3.38%	-0.65%