DLENX vs. DBLEX
Compare and contrast key facts about DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) and DoubleLine Emerging Markets Fixed Income Fund (DBLEX).
DLENX is an actively managed fund by DoubleLine. It was launched on Apr 6, 2010. DBLEX is managed by DoubleLine. It was launched on Apr 5, 2010.
Performance
DLENX vs. DBLEX - Performance Comparison
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DLENX vs. DBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLENX DoubleLine Emerging Markets Fixed Income Fund Class N | -1.03% | 8.11% | 7.92% | 9.36% | -15.50% | 1.71% | 4.66% | 11.71% | -3.54% | 8.31% |
DBLEX DoubleLine Emerging Markets Fixed Income Fund | -0.99% | 8.39% | 8.20% | 9.64% | -15.30% | 1.97% | 4.85% | 11.80% | -3.20% | 8.48% |
Returns By Period
The year-to-date returns for both investments are quite close, with DLENX having a -1.03% return and DBLEX slightly higher at -0.99%. Over the past 10 years, DLENX has underperformed DBLEX with an annualized return of 3.78%, while DBLEX has yielded a comparatively higher 4.02% annualized return.
DLENX
- 1D
- 0.00%
- 1M
- -1.75%
- YTD
- -1.03%
- 6M
- -0.92%
- 1Y
- 4.35%
- 3Y*
- 7.54%
- 5Y*
- 1.65%
- 10Y*
- 3.78%
DBLEX
- 1D
- 0.00%
- 1M
- -1.75%
- YTD
- -0.99%
- 6M
- -0.82%
- 1Y
- 4.59%
- 3Y*
- 7.81%
- 5Y*
- 1.88%
- 10Y*
- 4.02%
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DLENX vs. DBLEX - Expense Ratio Comparison
DLENX has a 1.18% expense ratio, which is higher than DBLEX's 0.90% expense ratio.
Return for Risk
DLENX vs. DBLEX — Risk / Return Rank
DLENX
DBLEX
DLENX vs. DBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) and DoubleLine Emerging Markets Fixed Income Fund (DBLEX). 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.
| DLENX | DBLEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.73 | -0.09 |
Sortino ratioReturn per unit of downside risk | 2.07 | 2.23 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.62 | -0.09 |
Martin ratioReturn relative to average drawdown | 6.64 | 7.17 | -0.53 |
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
| DLENX | DBLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.73 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.42 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.87 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.98 | -0.05 |
Correlation
The correlation between DLENX and DBLEX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DLENX vs. DBLEX - Dividend Comparison
DLENX's dividend yield for the trailing twelve months is around 4.88%, less than DBLEX's 5.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLENX DoubleLine Emerging Markets Fixed Income Fund Class N | 4.88% | 5.33% | 5.71% | 5.29% | 4.49% | 3.74% | 4.11% | 4.49% | 3.57% | 4.07% | 4.29% | 4.94% |
DBLEX DoubleLine Emerging Markets Fixed Income Fund | 5.12% | 5.59% | 5.97% | 5.54% | 4.77% | 4.00% | 4.37% | 4.57% | 3.83% | 4.33% | 4.54% | 5.21% |
Drawdowns
DLENX vs. DBLEX - Drawdown Comparison
The maximum DLENX drawdown since its inception was -25.64%, roughly equal to the maximum DBLEX drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for DLENX and DBLEX.
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Drawdown Indicators
| DLENX | DBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.64% | -25.43% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.77% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -25.43% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -25.64% | -25.43% | -0.21% |
Current DrawdownCurrent decline from peak | -1.83% | -1.81% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -3.52% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.63% | +0.01% |
Volatility
DLENX vs. DBLEX - Volatility Comparison
DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) and DoubleLine Emerging Markets Fixed Income Fund (DBLEX) have volatilities of 0.64% and 0.66%, 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
| DLENX | DBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.66% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 1.42% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 2.61% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 4.52% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 4.65% | +0.01% |