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DLSNX vs. DHEAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DLSNX vs. DHEAX

Last updated Apr 1, 2026

Compare and contrast key facts about DoubleLine Low Duration Bond Fund Class N (DLSNX) and Diamond Hill Short Duration Securitized Bond Fund (DHEAX).

DLSNX is an actively managed fund by DoubleLine. It was launched on Sep 30, 2011. DHEAX is managed by Diamond Hill. It was launched on Jul 5, 2016.

Performance

DLSNX vs. DHEAX - Performance Comparison

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

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DLSNX vs. DHEAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DLSNX
DoubleLine Low Duration Bond Fund Class N		0.32%5.49%5.06%6.50%-3.04%0.56%1.76%4.47%1.15%2.30%
DHEAX
Diamond Hill Short Duration Securitized Bond Fund		0.75%5.70%9.15%8.38%-3.57%2.42%2.87%4.44%2.88%3.97%

Returns By Period

In the year-to-date period, DLSNX achieves a 0.32% return, which is significantly lower than DHEAX's 0.75% return.

DLSNX

1D
0.10%
1M
-0.52%
YTD
0.32%
6M
1.41%
1Y
4.24%
3Y*
5.15%
5Y*
2.86%
10Y*
2.61%

DHEAX

1D
0.11%
1M
-0.29%
YTD
0.75%
6M
1.62%
1Y
4.87%
3Y*
7.37%
5Y*
4.17%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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DoubleLine Low Duration Bond Fund Class N

Diamond Hill Short Duration Securitized Bond Fund

Often compared with DLSNX:
DLSNX vs. JAAADLSNX vs. BNDDLSNX vs. BSVDLSNX vs. VCSHDLSNX vs. VFSTXDLSNX vs. MINTDLSNX vs. NEAR
Often compared with DHEAX:
DHEAX vs. PYFRXDHEAX vs. SEMRXDHEAX vs. JBNDDHEAX vs. NWXHXDHEAX vs. FTSMDHEAX vs. PIMIXDHEAX vs. SPTS

DLSNX vs. DHEAX - Expense Ratio Comparison

DLSNX has a 0.70% expense ratio, which is lower than DHEAX's 0.83% expense ratio.

DHEAX
Diamond Hill Short Duration Securitized Bond Fund
DLSNX
DoubleLine Low Duration Bond Fund Class N

Return for Risk

DLSNX vs. DHEAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DLSNX
DLSNX Risk / Return Rank: 9898
Overall Rank
DLSNX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
DLSNX Sortino Ratio Rank: 9898
Sortino Ratio Rank
DLSNX Omega Ratio Rank: 9898
Omega Ratio Rank
DLSNX Calmar Ratio Rank: 9999
Calmar Ratio Rank
DLSNX Martin Ratio Rank: 9999
Martin Ratio Rank
DHEAX
DHEAX Risk / Return Rank: 9999
Overall Rank
DHEAX Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
DHEAX Sortino Ratio Rank: 9999
Sortino Ratio Rank
DHEAX Omega Ratio Rank: 9999
Omega Ratio Rank
DHEAX Calmar Ratio Rank: 9999
Calmar Ratio Rank
DHEAX Martin Ratio Rank: 9999
Martin Ratio Rank
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. DHEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Low Duration Bond Fund Class N (DLSNX) and Diamond Hill Short Duration Securitized Bond Fund (DHEAX). 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.

DLSNXDHEAXDifference

Sharpe ratio

Return per unit of total volatility

3.40

4.13

-0.72

Sortino ratio

Return per unit of downside risk

5.53

6.62

-1.09

Omega ratio

Gain probability vs. loss probability

1.90

2.22

-0.32

Calmar ratio

Return relative to maximum drawdown

6.10

10.12

-4.03

Martin ratio

Return relative to average drawdown

27.65

38.95

-11.30

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DLSNX vs. DHEAX - Sharpe Ratio Comparison

The current DLSNX Sharpe Ratio is 3.40, which is comparable to the DHEAX Sharpe Ratio of 4.13. The chart below compares the historical Sharpe Ratios of DLSNX and DHEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DLSNXDHEAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.40

4.13

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.05

2.77

-0.72

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.01

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.01

1.73

-1.72

Correlation

The correlation between DLSNX and DHEAX is 0.58, 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

DLSNX vs. DHEAX - Dividend Comparison

DLSNX's dividend yield for the trailing twelve months is around 3.96%, less than DHEAX's 5.72% yield.

TTM20252024202320222021202020192018201720162015
DLSNX
DoubleLine Low Duration Bond Fund Class N		3.96%4.40%4.85%4.25%2.24%1.47%2.12%2.96%2.67%2.18%2.27%2.22%
DHEAX
Diamond Hill Short Duration Securitized Bond Fund		5.72%5.27%5.94%5.25%3.41%2.31%2.92%3.76%3.45%3.20%0.00%0.00%

Drawdowns

DLSNX vs. DHEAX - Drawdown Comparison

The maximum DLSNX drawdown since its inception was -86.56%, which is greater than DHEAX's maximum drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for DLSNX and DHEAX.

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Drawdown Indicators

DLSNXDHEAXDifference

Max Drawdown

Largest peak-to-trough decline

-86.56%

-12.34%

-74.22%

Max Drawdown (1Y)

Largest decline over 1 year

-0.72%

-0.50%

-0.22%

Max Drawdown (5Y)

Largest decline over 5 years

-4.91%

-5.06%

+0.15%

Max Drawdown (10Y)

Largest decline over 10 years

-86.56%

—

—

Current Drawdown

Current decline from peak

-83.09%

-0.29%

-82.80%

Average Drawdown

Average peak-to-trough decline

-50.17%

-0.82%

-49.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.16%

0.13%

+0.03%

Volatility

DLSNX vs. DHEAX - Volatility Comparison

DoubleLine Low Duration Bond Fund Class N (DLSNX) has a higher volatility of 0.45% compared to Diamond Hill Short Duration Securitized Bond Fund (DHEAX) at 0.42%. This indicates that DLSNX's price experiences larger fluctuations and is considered to be riskier than DHEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DLSNXDHEAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.45%

0.42%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

0.81%

0.79%

+0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

1.27%

1.19%

+0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.40%

1.51%

-0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

203.30%

2.29%

+201.01%