DLSNX vs. DLY
DLSNX (DoubleLine Low Duration Bond Fund Class N) and DLY (DoubleLine Yield Opportunities Fund) are both mutual funds - DLSNX is a Short-Term Bond fund actively managed by DoubleLine, while DLY is a Multisector Bonds fund actively managed by DoubleLine. Both are actively managed. Over the past 5 years, DLSNX returned 2.93%/yr vs 1.74%/yr for DLY. At a 0.20 correlation, their price movements are largely independent. DLSNX charges 0.70%/yr vs 2.91%/yr for DLY.
Performance
DLSNX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, DLSNX achieves a 1.07% return, which is significantly higher than DLY's -0.63% return.
DLSNX
- 1D
- 0.10%
- 1M
- 0.33%
- YTD
- 1.07%
- 6M
- 1.14%
- 1Y
- 3.72%
- 3Y*
- 5.18%
- 5Y*
- 2.93%
- 10Y*
- 2.59%
DLY
- 1D
- 0.07%
- 1M
- -0.60%
- YTD
- -0.63%
- 6M
- -0.28%
- 1Y
- -2.42%
- 3Y*
- 8.16%
- 5Y*
- 1.74%
- 10Y*
- —
DLSNX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLSNX DoubleLine Low Duration Bond Fund Class N | 1.07% | 5.49% | 5.06% | 6.50% | -3.04% | 0.56% | 1.04% |
DLY DoubleLine Yield Opportunities Fund | -0.63% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
Correlation
The correlation between DLSNX and DLY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.20 |
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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.
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 | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.54 | ||
| Sortino ratioReturn per unit of downside risk | +5.60 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 0.95 | +0.93 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | -0.28 | +5.59 |
| Martin ratioReturn relative to average drawdown | 24.96 | -0.68 | +25.64 |
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Drawdowns
DLSNX vs. DLY - Drawdown Comparison
The maximum DLSNX drawdown since its inception was -7.46%, smaller than the maximum DLY 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 | -7.46% | -28.61% | +21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -8.74% | +8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -0.72% | -10.81% | +10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -4.91% | -28.61% | +23.70% |
Max Drawdown (10Y)Largest decline over 10 years | -7.46% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -4.72% | +4.62% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -7.79% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.15% | 3.57% | -3.42% |
Volatility
DLSNX vs. DLY - Volatility Comparison
The current volatility for DoubleLine Low Duration Bond Fund Class N (DLSNX) is 0.38%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.62%. 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 | 0.38% | 1.62% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 6.87% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.19% | 8.14% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.42% | 13.58% | -12.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 15.00% | -13.43% |
DLSNX vs. DLY - Expense Ratio Comparison
DLSNX has a 0.70% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
DLSNX vs. DLY - Dividend Comparison
DLSNX's dividend yield for the trailing twelve months is around 4.30%, less than DLY's 10.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DLY DoubleLine Yield Opportunities Fund | 10.18% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DLSNX and DLY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.62%) compared to DLSNX (0.38%). In terms of maximum drawdown, DLSNX dropped -7.46% vs DLY's -28.61%.
DLSNX currently has the higher Sharpe Ratio (3.24 vs -0.30), 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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