DLFNX vs. DBLTX

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleLine Core Fixed Income Fund (DLFNX) and DoubleLine Total Return Bond Fund Class I (DBLTX).

DLFNX is managed by DoubleLine. It was launched on Jun 1, 2010. DBLTX is managed by DoubleLine. It was launched on Apr 6, 2010.

Performance

DLFNX vs. DBLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Core Fixed Income Fund (DLFNX) and DoubleLine Total Return Bond Fund Class I (DBLTX). The values are adjusted to include any dividend payments, if applicable.

DLFNX vs. DBLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLFNX DoubleLine Core Fixed Income Fund	-0.88%	7.28%	2.77%	6.18%	-13.08%	-0.50%	5.25%	7.82%	-0.27%	4.41%
DBLTX DoubleLine Total Return Bond Fund Class I	-0.20%	8.05%	3.08%	5.34%	-12.56%	0.24%	4.13%	5.81%	1.76%	3.80%

Returns By Period

In the year-to-date period, DLFNX achieves a -0.88% return, which is significantly lower than DBLTX's -0.20% return. Both investments have delivered pretty close results over the past 10 years, with DLFNX having a 1.84% annualized return and DBLTX not far behind at 1.83%.

DLFNX

• 1D: 0.44%
• 1M: -2.44%
• YTD: -0.88%
• 6M: 0.14%
• 1Y: 3.52%
• 3Y*: 3.88%
• 5Y*: 0.51%
• 10Y*: 1.84%

DBLTX

• 1D: 0.57%
• 1M: -2.21%
• YTD: -0.20%
• 6M: 1.11%
• 1Y: 4.50%
• 3Y*: 4.26%
• 5Y*: 0.83%
• 10Y*: 1.83%

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

DLFNX vs. DBLTX - Expense Ratio Comparison

DLFNX has a 0.73% expense ratio, which is higher than DBLTX's 0.50% expense ratio.

DLFNX

DoubleLine Core Fixed Income Fund

DBLTX

DoubleLine Total Return Bond Fund Class I

Return for Risk

DLFNX vs. DBLTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DLFNX

DLFNX Risk / Return Rank: 48
DLFNX Sharpe Ratio Rank: 47
DLFNX Sortino Ratio Rank: 45
DLFNX Omega Ratio Rank: 33
DLFNX Calmar Ratio Rank: 63
DLFNX Martin Ratio Rank: 50

DBLTX

DBLTX Risk / Return Rank: 63
DBLTX Sharpe Ratio Rank: 65
DBLTX Sortino Ratio Rank: 66
DBLTX Omega Ratio Rank: 49
DBLTX Calmar Ratio Rank: 78
DBLTX Martin Ratio Rank: 57

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.

DLFNX vs. DBLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Core Fixed Income Fund (DLFNX) and DoubleLine Total Return Bond Fund Class I (DBLTX). 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.

	DLFNX	DBLTX	Difference
Sharpe ratio Return per unit of total volatility	0.95	1.12	-0.17
Sortino ratio Return per unit of downside risk	1.36	1.62	-0.26
Omega ratio Gain probability vs. loss probability	1.17	1.20	-0.03
Calmar ratio Return relative to maximum drawdown	1.49	1.84	-0.35
Martin ratio Return relative to average drawdown	4.99	5.47	-0.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DLFNX vs. DBLTX - Sharpe Ratio Comparison

The current DLFNX Sharpe Ratio is 0.95, which is comparable to the DBLTX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of DLFNX and DBLTX, 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

	DLFNX	DBLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.12	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.15	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.42	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.92	-0.12

Correlation

The correlation between DLFNX and DBLTX is 0.89, 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

DLFNX vs. DBLTX - Dividend Comparison

DLFNX's dividend yield for the trailing twelve months is around 4.17%, less than DBLTX's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLFNX DoubleLine Core Fixed Income Fund	4.17%	4.62%	4.96%	4.41%	3.72%	2.87%	2.92%	3.17%	3.10%	2.65%	2.71%	3.34%
DBLTX DoubleLine Total Return Bond Fund Class I	4.43%	4.86%	5.03%	4.35%	3.86%	3.12%	3.39%	3.66%	3.74%	3.65%	3.72%	4.11%

Drawdowns

DLFNX vs. DBLTX - Drawdown Comparison

The maximum DLFNX drawdown since its inception was -17.33%, which is greater than DBLTX's maximum drawdown of -16.49%. Use the drawdown chart below to compare losses from any high point for DLFNX and DBLTX.

Drawdown Indicators

	DLFNX	DBLTX	Difference
Max Drawdown Largest peak-to-trough decline	-17.33%	-16.49%	-0.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-2.88%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-17.33%	-16.49%	-0.84%
Max Drawdown (10Y) Largest decline over 10 years	-17.33%	-16.49%	-0.84%
Current Drawdown Current decline from peak	-2.44%	-2.21%	-0.23%
Average Drawdown Average peak-to-trough decline	-2.74%	-2.38%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	0.97%	-0.12%

Volatility

DLFNX vs. DBLTX - Volatility Comparison

The current volatility for DoubleLine Core Fixed Income Fund (DLFNX) is 1.56%, while DoubleLine Total Return Bond Fund Class I (DBLTX) has a volatility of 1.74%. This indicates that DLFNX experiences smaller price fluctuations and is considered to be less risky than DBLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLFNX	DBLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	1.74%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	2.36%	2.64%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.94%	4.23%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.20%	5.56%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.27%	4.38%	-0.11%