DLTNX vs. DBLIX

Last updated Jun 24, 2026

DLTNX (DoubleLine Total Return Bond Fund Class N) and DBLIX (DoubleLine Income Fund) are both mutual funds - DLTNX is a Intermediate Core-Plus Bond fund actively managed by DoubleLine, while DBLIX is a Multisector Bonds fund managed by DoubleLine. A 0.69 correlation means they provide meaningful diversification when combined. DLTNX charges 0.75%/yr vs 0.65%/yr for DBLIX.

Performance

DLTNX vs. DBLIX - Performance Comparison

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

Returns By Period

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%

DBLIX

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

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

DLTNX vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DLTNX DoubleLine Total Return Bond Fund Class N	-0.21%	7.66%	2.94%	4.96%	-12.77%	-0.01%	3.87%	-0.72%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-5.09%	0.39%

Correlation

The correlation between DLTNX and DBLIX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	0.69

The correlation between DLTNX and DBLIX shifts across timeframes, from 0.50 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DLTNX vs. DBLIX — Risk / Return Rank

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

DLTNX

DLTNX Risk / Return Rank: 16
DLTNX Sharpe Ratio Rank: 17
DLTNX Sortino Ratio Rank: 17
DLTNX Omega Ratio Rank: 17
DLTNX Calmar Ratio Rank: 15
DLTNX Martin Ratio Rank: 14

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.

DLTNX vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class N (DLTNX) 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.

	DLTNX	DBLIX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	—	—
Sortino ratio: Return per unit of downside risk	1.61	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.27	—	—
Martin ratio: Return relative to average drawdown	3.61	—	—

Drawdowns

Drawdown Indicators

	DLTNX	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.94%	—	—
Current Drawdown Current decline from peak	-2.18%	—	—
Average Drawdown Average peak-to-trough decline	-2.54%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	—	—

Volatility

Volatility by Period

	DLTNX	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.77%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.54%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.38%	—	—

DLTNX vs. DBLIX - Expense Ratio Comparison

DLTNX has a 0.75% expense ratio, which is higher than DBLIX's 0.65% expense ratio.

Dividends

DLTNX vs. DBLIX - Dividend Comparison

DLTNX's dividend yield for the trailing twelve months is around 4.64%, 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%
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

Can I hold both DLTNX and DBLIX in my portfolio?

DLTNX and DBLIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.