DLTNX vs. DODIX
DLTNX (DoubleLine Total Return Bond Fund Class N) and DODIX (Dodge & Cox Income Fund) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 10 years, DLTNX returned 1.38%/yr vs 2.63%/yr for DODIX. Their correlation of 0.84 means they have usually moved in the same direction. DLTNX charges 0.75%/yr vs 0.41%/yr for DODIX.
Performance
DLTNX vs. DODIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DLTNX having a -0.47% return and DODIX slightly higher at -0.46%. Over the past 10 years, DLTNX has underperformed DODIX with an annualized return of 1.38%, while DODIX has yielded a comparatively higher 2.63% annualized return.
DLTNX
- 1D
- 0.00%
- 1M
- -0.69%
- 6M
- -0.80%
- YTD
- -0.47%
- 1Y
- 2.15%
- 3Y*
- 4.34%
- 5Y*
- 0.05%
- 10Y*
- 1.38%
- ALL TIME*
- 3.20%
DODIX
- 1D
- 0.00%
- 1M
- -1.18%
- 6M
- -0.77%
- YTD
- -0.46%
- 1Y
- 2.62%
- 3Y*
- 4.70%
- 5Y*
- 0.78%
- 10Y*
- 2.63%
- ALL TIME*
- 5.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DLTNX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLTNX DoubleLine Total Return Bond Fund Class N | -0.47% | 7.66% | 2.94% | 4.96% | -12.77% | -0.01% | 3.87% | 5.74% | 1.50% | 3.44% |
DODIX Dodge & Cox Income Fund | -0.46% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Correlation
The correlation between DLTNX and DODIX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2010 | 0.84 |
The correlation between DLTNX and DODIX shifts across timeframes, from 0.84 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DLTNX vs. DODIX — Risk / Return Rank
DLTNX
DODIX
DLTNX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class N (DLTNX) and Dodge & Cox Income Fund (DODIX). 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 | DODIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.11 | -0.13 |
| Martin ratioReturn relative to average drawdown | 2.39 | 2.77 | -0.38 |
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Drawdowns
DLTNX vs. DODIX - Drawdown Comparison
The maximum DLTNX drawdown since its inception was -16.94%, roughly equal to the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for DLTNX and DODIX.
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Drawdown Indicators
| DLTNX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.94% | -16.89% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.17% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -5.29% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.94% | -16.89% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -16.94% | -16.89% | -0.05% |
Current DrawdownCurrent decline from peak | -2.44% | -2.58% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -1.50% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.27% | +0.05% |
Volatility
DLTNX vs. DODIX - Volatility Comparison
The current volatility for DoubleLine Total Return Bond Fund Class N (DLTNX) is 1.01%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.10%. This indicates that DLTNX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLTNX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.10% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 3.20% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 4.08% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 5.59% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 4.47% | -0.09% |
DLTNX vs. DODIX - Expense Ratio Comparison
DLTNX has a 0.75% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Dividends
DLTNX vs. DODIX - Dividend Comparison
DLTNX's dividend yield for the trailing twelve months is around 4.28%, less than DODIX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLTNX DoubleLine Total Return Bond Fund Class N | 4.28% | 4.62% | 4.77% | 4.11% | 3.59% | 2.87% | 3.13% | 3.49% | 3.48% | 3.40% | 3.47% | 3.85% |
DODIX Dodge & Cox Income Fund | 4.35% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Frequently Asked Questions
With a correlation of 0.94, DLTNX and DODIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DODIX has higher volatility (1.10%) compared to DLTNX (1.01%). In terms of maximum drawdown, DLTNX dropped -16.94% vs DODIX's -16.89%.
DODIX currently has the higher Sharpe Ratio (0.87 vs 0.84), 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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