DFLEX vs. SVARX
Compare and contrast key facts about DoubleLine Flexible Income Fund (DFLEX) and Spectrum Low Volatility Fund (SVARX).
DFLEX is managed by DoubleLine. It was launched on Apr 6, 2014. SVARX is managed by Advisors Preferred. It was launched on Dec 15, 2013.
Performance
DFLEX vs. SVARX - Performance Comparison
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DFLEX vs. SVARX - 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% |
SVARX Spectrum Low Volatility Fund | 0.21% | 6.22% | 2.60% | 9.67% | -4.35% | 4.10% | 19.50% | 9.42% | -0.99% | 8.25% |
Returns By Period
The year-to-date returns for both stocks are quite close, with DFLEX having a 0.22% return and SVARX slightly lower at 0.21%. Over the past 10 years, DFLEX has underperformed SVARX with an annualized return of 3.79%, while SVARX has yielded a comparatively higher 6.49% 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%
SVARX
- 1D
- -0.08%
- 1M
- -2.55%
- YTD
- 0.21%
- 6M
- 2.28%
- 1Y
- 5.55%
- 3Y*
- 6.02%
- 5Y*
- 3.36%
- 10Y*
- 6.49%
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DFLEX vs. SVARX - Expense Ratio Comparison
DFLEX has a 0.74% expense ratio, which is lower than SVARX's 2.34% expense ratio.
Return for Risk
DFLEX vs. SVARX — Risk / Return Rank
DFLEX
SVARX
DFLEX vs. SVARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Flexible Income Fund (DFLEX) and Spectrum Low Volatility Fund (SVARX). 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 | SVARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.69 | 2.09 | +1.60 |
Sortino ratioReturn per unit of downside risk | 6.09 | 2.77 | +3.32 |
Omega ratioGain probability vs. loss probability | 2.08 | 1.45 | +0.62 |
Calmar ratioReturn relative to maximum drawdown | 4.58 | 2.16 | +2.43 |
Martin ratioReturn relative to average drawdown | 20.46 | 7.53 | +12.93 |
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 | SVARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.69 | 2.09 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.67 | 1.10 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.39 | 1.75 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 1.69 | -0.34 |
Correlation
The correlation between DFLEX and SVARX is 0.40, 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. SVARX - Dividend Comparison
DFLEX's dividend yield for the trailing twelve months is around 5.14%, less than SVARX's 5.93% 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% |
SVARX Spectrum Low Volatility Fund | 5.93% | 5.95% | 9.35% | 3.35% | 0.00% | 5.85% | 0.71% | 4.91% | 2.41% | 6.90% | 9.07% | 3.02% |
Drawdowns
DFLEX vs. SVARX - Drawdown Comparison
The maximum DFLEX drawdown since its inception was -17.29%, which is greater than SVARX's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for DFLEX and SVARX.
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Drawdown Indicators
| DFLEX | SVARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -6.48% | -10.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -2.55% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -11.00% | -6.48% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -17.29% | -6.48% | -10.81% |
Current DrawdownCurrent decline from peak | -0.80% | -2.55% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -1.21% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.73% | -0.47% |
Volatility
DFLEX vs. SVARX - Volatility Comparison
The current volatility for DoubleLine Flexible Income Fund (DFLEX) is 0.56%, while Spectrum Low Volatility Fund (SVARX) has a volatility of 1.29%. This indicates that DFLEX experiences smaller price fluctuations and is considered to be less risky than SVARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFLEX | SVARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.29% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.91% | 2.10% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.40% | 2.67% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.92% | 3.08% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 3.71% | -0.98% |