DLFNX vs. DBLFX
DLFNX (DoubleLine Core Fixed Income Fund) and DBLFX (DoubleLine Core Fixed Income Fund) are both Intermediate Core-Plus Bond funds from DoubleLine. Over the past 10 years, DLFNX returned 1.68%/yr vs 1.94%/yr for DBLFX. With a 0.97 correlation, they move nearly in lockstep. DLFNX charges 0.73%/yr vs 0.47%/yr for DBLFX.
Performance
DLFNX vs. DBLFX - Performance Comparison
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Returns By Period
In the year-to-date period, DLFNX achieves a -0.42% return, which is significantly lower than DBLFX's -0.31% return. Over the past 10 years, DLFNX has underperformed DBLFX with an annualized return of 1.68%, while DBLFX has yielded a comparatively higher 1.94% annualized return.
DLFNX
- 1D
- -0.33%
- 1M
- 0.35%
- YTD
- -0.42%
- 6M
- -0.19%
- 1Y
- 3.34%
- 3Y*
- 4.18%
- 5Y*
- 0.29%
- 10Y*
- 1.68%
DBLFX
- 1D
- -0.33%
- 1M
- 0.37%
- YTD
- -0.31%
- 6M
- -0.06%
- 1Y
- 3.61%
- 3Y*
- 4.44%
- 5Y*
- 0.54%
- 10Y*
- 1.94%
DLFNX vs. DBLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLFNX DoubleLine Core Fixed Income Fund | -0.42% | 7.28% | 2.77% | 6.18% | -13.08% | -0.50% | 5.25% | 7.82% | -0.27% | 4.41% |
DBLFX DoubleLine Core Fixed Income Fund | -0.31% | 7.54% | 3.04% | 6.44% | -12.76% | -0.34% | 5.61% | 7.99% | -0.01% | 4.66% |
Correlation
The correlation between DLFNX and DBLFX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 0.97 |
The correlation between DLFNX and DBLFX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
DLFNX vs. DBLFX — Risk / Return Rank
DLFNX
DBLFX
DLFNX vs. DBLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Core Fixed Income Fund (DLFNX) and DoubleLine Core Fixed Income Fund (DBLFX). 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.
| DLFNX | DBLFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.36 | -0.11 |
| Martin ratioReturn relative to average drawdown | 3.48 | 3.79 | -0.31 |
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Drawdowns
DLFNX vs. DBLFX - Drawdown Comparison
The maximum DLFNX drawdown since its inception was -17.33%, roughly equal to the maximum DBLFX drawdown of -17.09%. Use the drawdown chart below to compare losses from any high point for DLFNX and DBLFX.
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Drawdown Indicators
| DLFNX | DBLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.33% | -17.09% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.92% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -6.05% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.33% | -17.09% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -17.33% | -17.09% | -0.24% |
Current DrawdownCurrent decline from peak | -1.98% | -1.91% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -2.57% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.04% | +0.02% |
Volatility
DLFNX vs. DBLFX - Volatility Comparison
DoubleLine Core Fixed Income Fund (DLFNX) and DoubleLine Core Fixed Income Fund (DBLFX) have volatilities of 1.29% and 1.29%, 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
| DLFNX | DBLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.29% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.86% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 3.68% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 5.26% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 4.30% | +0.01% |
DLFNX vs. DBLFX - Expense Ratio Comparison
DLFNX has a 0.73% expense ratio, which is higher than DBLFX's 0.47% expense ratio.
Dividends
DLFNX vs. DBLFX - Dividend Comparison
DLFNX's dividend yield for the trailing twelve months is around 4.57%, less than DBLFX's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLFX DoubleLine Core Fixed Income Fund | 4.82% | 4.87% | 5.22% | 4.66% | 3.99% | 3.12% | 3.17% | 3.42% | 3.35% | 2.90% | 2.95% | 3.59% |
DLFNX DoubleLine Core Fixed Income Fund | 4.57% | 4.62% | 4.96% | 4.41% | 3.72% | 2.87% | 2.92% | 3.17% | 3.10% | 2.65% | 2.71% | 3.34% |
Frequently Asked Questions
With a correlation of 0.99, DLFNX and DBLFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DBLFX has higher volatility (1.29%) compared to DLFNX (1.29%). In terms of maximum drawdown, DLFNX dropped -17.33% vs DBLFX's -17.09%.
DBLFX currently has the higher Sharpe Ratio (1.08 vs 1.01), 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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