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 0.18%/yr vs 2.54%/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
Loading charts...
Returns By Period
In the year-to-date period, DLTNX achieves a -0.13% return, which is significantly lower than DLY's 1.29% return.
DLTNX
- 1D
- -0.11%
- 1M
- 0.08%
- 6M
- -0.13%
- YTD
- -0.13%
- 1Y
- 4.09%
- 3Y*
- 4.23%
- 5Y*
- 0.18%
- 10Y*
- 1.46%
DLY
- 1D
- -0.36%
- 1M
- 1.34%
- 6M
- -0.66%
- YTD
- 1.29%
- 1Y
- -0.49%
- 3Y*
- 8.84%
- 5Y*
- 2.54%
- 10Y*
- —
DLTNX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLTNX DoubleLine Total Return Bond Fund Class N | -0.13% | 7.66% | 2.94% | 4.96% | -12.77% | -0.01% | 1.41% |
DLY DoubleLine Yield Opportunities Fund | 1.29% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
Correlation
The correlation between DLTNX and DLY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.19 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.00 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.06 | +1.33 |
| Martin ratioReturn relative to average drawdown | 3.36 | -0.13 | +3.50 |
Loading charts...
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.
Loading charts...
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 | -2.10% | -2.88% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -7.74% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 3.62% | -2.40% |
Volatility
DLTNX vs. DLY - Volatility Comparison
The current volatility for DoubleLine Total Return Bond Fund Class N (DLTNX) is 1.25%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.87%. 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.
Loading charts...
Volatility by Period
| DLTNX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.87% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 6.92% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 8.21% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 13.56% | -8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 14.94% | -10.56% |
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 4.67%, less than DLY's 10.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLTNX DoubleLine Total Return Bond Fund Class N | 4.67% | 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 | 10.07% | 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 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.87%) compared to DLTNX (1.25%). In terms of maximum drawdown, DLTNX dropped -16.94% vs DLY's -28.61%.
DLTNX currently has the higher Sharpe Ratio (1.09 vs -0.06), 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.
Find the right allocation for DLTNX and DLY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer