DLSNX vs. DBLIX

Last updated Jun 24, 2026

DLSNX (DoubleLine Low Duration Bond Fund Class N) and DBLIX (DoubleLine Income Fund) are both mutual funds - DLSNX is a Short-Term Bond fund actively managed by DoubleLine, while DBLIX is a Multisector Bonds fund managed by DoubleLine. A 0.57 correlation means they provide meaningful diversification when combined. DLSNX charges 0.70%/yr vs 0.65%/yr for DBLIX.

Performance

DLSNX vs. DBLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Low Duration Bond Fund Class N (DLSNX) and DoubleLine Income Fund (DBLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DLSNX

• 1D: -0.10%
• 1M: 0.23%
• YTD: 0.96%
• 6M: 1.14%
• 1Y: 3.72%
• 3Y*: 5.14%
• 5Y*: 2.91%
• 10Y*: 2.58%

DBLIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DLSNX vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DLSNX DoubleLine Low Duration Bond Fund Class N	0.96%	5.49%	5.06%	6.50%	-3.04%	0.56%	1.76%	0.64%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-5.09%	0.39%

Correlation

The correlation between DLSNX and DBLIX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	0.57

Over the past year, the correlation between DLSNX and DBLIX has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

DLSNX vs. DBLIX — Risk / Return Rank

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

DLSNX

DLSNX Risk / Return Rank: 96
DLSNX Sharpe Ratio Rank: 96
DLSNX Sortino Ratio Rank: 97
DLSNX Omega Ratio Rank: 97
DLSNX Calmar Ratio Rank: 95
DLSNX Martin Ratio Rank: 97

DBLIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DLSNX vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Low Duration Bond Fund Class N (DLSNX) and DoubleLine Income Fund (DBLIX). 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.

	DLSNX	DBLIX	Difference
Sharpe ratio: Return per unit of total volatility	3.24	—	—
Sortino ratio: Return per unit of downside risk	5.22	—	—
Omega ratio: Gain probability vs. loss probability	1.88	—	—
Calmar ratio: Return relative to maximum drawdown	5.31	—	—
Martin ratio: Return relative to average drawdown	24.98	—	—

Drawdowns

Drawdown Indicators

	DLSNX	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.46%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-4.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-7.46%	—	—
Current Drawdown Current decline from peak	-0.21%	—	—
Average Drawdown Average peak-to-trough decline	-0.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.15%	—	—

Volatility

Volatility by Period

	DLSNX	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.19%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.42%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	—	—

DLSNX vs. DBLIX - Expense Ratio Comparison

DLSNX has a 0.70% expense ratio, which is higher than DBLIX's 0.65% expense ratio.

Dividends

DLSNX vs. DBLIX - Dividend Comparison

DLSNX's dividend yield for the trailing twelve months is around 4.30%, more than DBLIX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBLIX DoubleLine Income Fund	4.11%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%	0.00%	0.00%	0.00%	0.00%
DLSNX DoubleLine Low Duration Bond Fund Class N	4.30%	4.40%	4.85%	4.25%	2.24%	1.47%	2.12%	2.96%	2.67%	2.18%	2.27%	2.22%

Frequently Asked Questions

Can I hold both DLSNX and DBLIX in my portfolio?

DLSNX and DBLIX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.