DLENX vs. DFLEX
Compare and contrast key facts about DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) and DoubleLine Flexible Income Fund (DFLEX).
DLENX is an actively managed fund by DoubleLine. It was launched on Apr 6, 2010. DFLEX is managed by DoubleLine. It was launched on Apr 6, 2014.
Performance
DLENX vs. DFLEX - Performance Comparison
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DLENX vs. DFLEX - 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% |
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% |
Returns By Period
In the year-to-date period, DLENX achieves a -1.03% return, which is significantly lower than DFLEX's 0.22% return. Both investments have delivered pretty close results over the past 10 years, with DLENX having a 3.78% annualized return and DFLEX not far ahead at 3.79%.
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%
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%
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DLENX vs. DFLEX - Expense Ratio Comparison
DLENX has a 1.18% expense ratio, which is higher than DFLEX's 0.74% expense ratio.
Return for Risk
DLENX vs. DFLEX — Risk / Return Rank
DLENX
DFLEX
DLENX vs. DFLEX - 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 Flexible Income Fund (DFLEX). 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 | DFLEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 3.69 | -2.05 |
Sortino ratioReturn per unit of downside risk | 2.07 | 6.09 | -4.02 |
Omega ratioGain probability vs. loss probability | 1.40 | 2.08 | -0.68 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 4.58 | -3.05 |
Martin ratioReturn relative to average drawdown | 6.64 | 20.46 | -13.82 |
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 | DFLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 3.69 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.67 | -1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 1.39 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.35 | -0.43 |
Correlation
The correlation between DLENX and DFLEX 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
DLENX vs. DFLEX - Dividend Comparison
DLENX's dividend yield for the trailing twelve months is around 4.88%, less than DFLEX's 5.14% 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% |
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% |
Drawdowns
DLENX vs. DFLEX - Drawdown Comparison
The maximum DLENX drawdown since its inception was -25.64%, which is greater than DFLEX's maximum drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for DLENX and DFLEX.
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Drawdown Indicators
| DLENX | DFLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.64% | -17.29% | -8.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -1.15% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -11.00% | -14.64% |
Max Drawdown (10Y)Largest decline over 10 years | -25.64% | -17.29% | -8.35% |
Current DrawdownCurrent decline from peak | -1.83% | -0.80% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -1.58% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.26% | +0.38% |
Volatility
DLENX vs. DFLEX - Volatility Comparison
DoubleLine Emerging Markets Fixed Income Fund Class N (DLENX) has a higher volatility of 0.64% compared to DoubleLine Flexible Income Fund (DFLEX) at 0.56%. This indicates that DLENX's price experiences larger fluctuations and is considered to be riskier than DFLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLENX | DFLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.56% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 0.91% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 1.40% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 1.92% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 2.73% | +1.93% |