DLTNX vs. BCPIX
DLTNX (DoubleLine Total Return Bond Fund Class N) and BCPIX (Brandes Core Plus Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, DLTNX returned 1.47%/yr vs 1.71%/yr for BCPIX. Their correlation of 0.82 suggests significant overlap in exposure. DLTNX charges 0.75%/yr vs 0.30%/yr for BCPIX.
Performance
DLTNX vs. BCPIX - Performance Comparison
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Returns By Period
In the year-to-date period, DLTNX achieves a -0.21% return, which is significantly lower than BCPIX's -0.08% return. Over the past 10 years, DLTNX has underperformed BCPIX with an annualized return of 1.47%, while BCPIX has yielded a comparatively higher 1.71% annualized return.
DLTNX
- 1D
- -0.23%
- 1M
- 0.49%
- YTD
- -0.21%
- 6M
- -0.02%
- 1Y
- 3.72%
- 3Y*
- 4.16%
- 5Y*
- 0.29%
- 10Y*
- 1.47%
BCPIX
- 1D
- -0.36%
- 1M
- 0.89%
- YTD
- -0.08%
- 6M
- 0.44%
- 1Y
- 3.53%
- 3Y*
- 4.11%
- 5Y*
- 0.73%
- 10Y*
- 1.71%
DLTNX vs. BCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLTNX DoubleLine Total Return Bond Fund Class N | -0.21% | 7.66% | 2.94% | 4.96% | -12.77% | -0.01% | 3.87% | 5.74% | 1.50% | 3.44% |
BCPIX Brandes Core Plus Fixed Income Fund | -0.08% | 6.71% | 1.98% | 6.70% | -10.78% | -0.34% | 5.77% | 6.65% | -0.45% | 2.74% |
Correlation
The correlation between DLTNX and BCPIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2010 | 0.82 |
The correlation between DLTNX and BCPIX shifts across timeframes, from 0.82 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DLTNX vs. BCPIX — Risk / Return Rank
DLTNX
BCPIX
DLTNX vs. BCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class N (DLTNX) and Brandes Core Plus Fixed Income Fund (BCPIX). 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.
| DLTNX | BCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.44 | -0.17 |
| Martin ratioReturn relative to average drawdown | 3.61 | 4.24 | -0.63 |
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Drawdowns
DLTNX vs. BCPIX - Drawdown Comparison
The maximum DLTNX drawdown since its inception was -16.94%, smaller than the maximum BCPIX drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for DLTNX and BCPIX.
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Drawdown Indicators
| DLTNX | BCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.94% | -22.43% | +5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -2.63% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -6.65% | -5.44% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.94% | -15.19% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -16.94% | -15.19% | -1.75% |
Current DrawdownCurrent decline from peak | -2.18% | -1.29% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -4.25% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.89% | +0.24% |
Volatility
DLTNX vs. BCPIX - Volatility Comparison
DoubleLine Total Return Bond Fund Class N (DLTNX) has a higher volatility of 1.30% compared to Brandes Core Plus Fixed Income Fund (BCPIX) at 1.17%. This indicates that DLTNX's price experiences larger fluctuations and is considered to be riskier than BCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLTNX | BCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.17% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 2.72% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 3.58% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 5.10% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 4.18% | +0.20% |
DLTNX vs. BCPIX - Expense Ratio Comparison
DLTNX has a 0.75% expense ratio, which is higher than BCPIX's 0.30% expense ratio.
Dividends
DLTNX vs. BCPIX - Dividend Comparison
DLTNX's dividend yield for the trailing twelve months is around 4.64%, more than BCPIX's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | 4.23% | 4.32% | 3.67% | 2.91% | 2.54% | 1.89% | 1.76% | 2.77% | 2.90% | 2.49% | 2.84% | 2.72% |
DLTNX DoubleLine Total Return Bond Fund Class N | 4.64% | 4.62% | 4.77% | 4.11% | 3.59% | 2.87% | 3.13% | 3.49% | 3.48% | 3.40% | 3.47% | 3.85% |
Frequently Asked Questions
DLTNX and BCPIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLTNX has higher volatility (1.30%) compared to BCPIX (1.17%). In terms of maximum drawdown, DLTNX dropped -16.94% vs BCPIX's -22.43%.
DLTNX currently has the higher Sharpe Ratio (1.09 vs 1.06), 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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