DLSNX vs. DLY
Compare and contrast key facts about DoubleLine Low Duration Bond Fund Class N (DLSNX) and DoubleLine Yield Opportunities Fund (DLY).
DLSNX is an actively managed fund by DoubleLine. It was launched on Sep 30, 2011. DLY is an actively managed fund by DoubleLine. It was launched on Feb 26, 2020.
Performance
DLSNX vs. DLY - Performance Comparison
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DLSNX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLSNX DoubleLine Low Duration Bond Fund Class N | 0.00% | 5.49% | 5.06% | 6.50% | -3.04% | 0.56% | 1.04% |
DLY DoubleLine Yield Opportunities Fund | -2.15% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -3.06% |
Returns By Period
DLSNX
- 1D
- -0.31%
- 1M
- -0.72%
- YTD
- 0.00%
- 6M
- 0.99%
- 1Y
- 3.81%
- 3Y*
- 5.04%
- 5Y*
- 2.79%
- 10Y*
- 2.58%
DLY
- 1D
- -0.22%
- 1M
- -4.40%
- YTD
- -2.15%
- 6M
- -4.06%
- 1Y
- -5.33%
- 3Y*
- 9.55%
- 5Y*
- 2.45%
- 10Y*
- —
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DLSNX vs. DLY - Expense Ratio Comparison
DLSNX has a 0.70% expense ratio, which is lower than DLY's 2.91% expense ratio.
Return for Risk
DLSNX vs. DLY — Risk / Return Rank
DLSNX
DLY
DLSNX vs. DLY - 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 Yield Opportunities Fund (DLY). 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.
| DLSNX | DLY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.00 | -0.44 | +3.44 |
Sortino ratioReturn per unit of downside risk | 4.68 | -0.48 | +5.16 |
Omega ratioGain probability vs. loss probability | 1.77 | 0.92 | +0.86 |
Calmar ratioReturn relative to maximum drawdown | 4.81 | -0.51 | +5.32 |
Martin ratioReturn relative to average drawdown | 23.70 | -1.39 | +25.09 |
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
| DLSNX | DLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | -0.44 | +3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.99 | 0.18 | +1.81 |
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 | 0.17 | -0.15 |
Correlation
The correlation between DLSNX and DLY is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DLSNX vs. DLY - Dividend Comparison
DLSNX's dividend yield for the trailing twelve months is around 3.97%, less than DLY's 10.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLSNX DoubleLine Low Duration Bond Fund Class N | 3.97% | 4.40% | 4.85% | 4.25% | 2.24% | 1.47% | 2.12% | 2.96% | 2.67% | 2.18% | 2.27% | 2.22% |
DLY DoubleLine Yield Opportunities Fund | 10.08% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DLSNX vs. DLY - Drawdown Comparison
The maximum DLSNX drawdown since its inception was -86.56%, which is greater than DLY's maximum drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for DLSNX and DLY.
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Drawdown Indicators
| DLSNX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.56% | -28.61% | -57.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.83% | -10.25% | +9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -4.91% | -28.61% | +23.70% |
Max Drawdown (10Y)Largest decline over 10 years | -86.56% | — | — |
Current DrawdownCurrent decline from peak | -83.15% | -6.18% | -76.97% |
Average DrawdownAverage peak-to-trough decline | -50.18% | -7.94% | -42.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 3.79% | -3.62% |
Volatility
DLSNX vs. DLY - Volatility Comparison
The current volatility for DoubleLine Low Duration Bond Fund Class N (DLSNX) is 0.53%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 5.13%. This indicates that DLSNX experiences smaller price fluctuations and is considered to be less risky than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLSNX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 5.13% | -4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 6.47% | -5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 12.22% | -10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 13.53% | -12.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 203.30% | 15.19% | +188.11% |