DLTNX vs. DLY
DLTNX (DoubleLine Total Return Bond Fund Class N) and DLY (DoubleLine Yield Opportunities Fund) are both mutual funds - DLTNX is a Intermediate Core-Plus 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, DLTNX returned 0.35%/yr vs 1.94%/yr for DLY. At a 0.19 correlation, their price movements are largely independent. DLTNX charges 0.75%/yr vs 2.91%/yr for DLY.
Performance
DLTNX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, DLTNX achieves a 0.02% return, which is significantly higher than DLY's -1.03% return.
DLTNX
- 1D
- 0.23%
- 1M
- -0.42%
- YTD
- 0.02%
- 6M
- 0.32%
- 1Y
- 4.79%
- 3Y*
- 4.32%
- 5Y*
- 0.35%
- 10Y*
- 1.55%
DLY
- 1D
- -0.58%
- 1M
- -2.21%
- YTD
- -1.03%
- 6M
- -0.98%
- 1Y
- -2.99%
- 3Y*
- 8.54%
- 5Y*
- 1.94%
- 10Y*
- —
DLTNX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLTNX DoubleLine Total Return Bond Fund Class N | 0.02% | 7.66% | 2.94% | 4.96% | -12.77% | -0.01% | 1.41% |
DLY DoubleLine Yield Opportunities Fund | -1.03% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -3.06% |
Correlation
The correlation between DLTNX and DLY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.19 |
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Return for Risk
DLTNX vs. DLY — Risk / Return Rank
DLTNX
DLY
DLTNX vs. DLY - 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 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.
| DLTNX | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.94 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | -0.34 | +1.76 |
| Martin ratioReturn relative to average drawdown | 4.38 | -0.87 | +5.25 |
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
| DLTNX | DLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | -0.37 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.14 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.17 | +0.68 |
Drawdowns
DLTNX vs. DLY - Drawdown Comparison
The maximum DLTNX drawdown since its inception was -16.94%, smaller than the maximum DLY drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for DLTNX and DLY.
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Drawdown Indicators
| DLTNX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.94% | -28.61% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -8.74% | +5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -6.65% | -10.81% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.94% | -28.61% | +11.67% |
Max Drawdown (10Y)Largest decline over 10 years | -16.94% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -5.10% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -7.82% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 3.43% | -2.39% |
Volatility
DLTNX vs. DLY - Volatility Comparison
The current volatility for DoubleLine Total Return Bond Fund Class N (DLTNX) is 1.38%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.94%. This indicates that DLTNX 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
| DLTNX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.94% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 6.87% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 8.11% | -4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 13.57% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 15.04% | -10.68% |
DLTNX vs. DLY - Expense Ratio Comparison
DLTNX has a 0.75% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
DLTNX vs. DLY - Dividend Comparison
DLTNX's dividend yield for the trailing twelve months is around 4.63%, less than DLY's 10.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLTNX DoubleLine Total Return Bond Fund Class N | 4.63% | 4.62% | 4.77% | 4.11% | 3.59% | 2.87% | 3.13% | 3.49% | 3.48% | 3.40% | 3.47% | 3.85% |
DLY DoubleLine Yield Opportunities Fund | 10.13% | 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
DLTNX and DLY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.94%) compared to DLTNX (1.38%). In terms of maximum drawdown, DLTNX dropped -16.94% vs DLY's -28.61%.
DLTNX currently has the higher Sharpe Ratio (1.22 vs -0.37), 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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