DLY vs. BILDX
DLY (DoubleLine Yield Opportunities Fund) and BILDX (DoubleLine Infrastructure Income Fund) are both mutual funds - DLY is a Multisector Bonds fund actively managed by DoubleLine, while BILDX is a Intermediate Core-Plus Bond fund managed by DoubleLine. Over the past 5 years, DLY returned 2.27%/yr vs 1.59%/yr for BILDX. At a 0.22 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 0.57%/yr for BILDX.
Performance
DLY vs. BILDX - Performance Comparison
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Returns By Period
In the year-to-date period, DLY achieves a 1.68% return, which is significantly higher than BILDX's 0.85% return.
DLY
- 1D
- -0.35%
- 1M
- 2.22%
- 6M
- -0.44%
- YTD
- 1.68%
- 1Y
- 0.92%
- 3Y*
- 8.68%
- 5Y*
- 2.27%
- 10Y*
- —
BILDX
- 1D
- 0.00%
- 1M
- -0.01%
- 6M
- 0.74%
- YTD
- 0.85%
- 1Y
- 4.69%
- 3Y*
- 6.14%
- 5Y*
- 1.59%
- 10Y*
- —
DLY vs. BILDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 1.68% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
BILDX DoubleLine Infrastructure Income Fund | 0.85% | 7.59% | 4.41% | 8.89% | -11.54% | 0.14% | 2.93% |
Correlation
The correlation between DLY and BILDX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.22 |
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Return for Risk
DLY vs. BILDX — Risk / Return Rank
DLY
BILDX
DLY vs. BILDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and DoubleLine Infrastructure Income Fund (BILDX). 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.
| DLY | BILDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.26 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.98 | -1.87 |
| Martin ratioReturn relative to average drawdown | 0.25 | 6.24 | -5.98 |
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Drawdowns
DLY vs. BILDX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than BILDX's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for DLY and BILDX.
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Drawdown Indicators
| DLY | BILDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -15.68% | -12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -2.21% | -6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -3.21% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -15.68% | -12.93% |
Current DrawdownCurrent decline from peak | -2.50% | -0.68% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -2.97% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 0.70% | +2.91% |
Volatility
DLY vs. BILDX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.84% compared to DoubleLine Infrastructure Income Fund (BILDX) at 1.07%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than BILDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | BILDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.07% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 2.36% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.24% | 3.08% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 4.43% | +9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 4.08% | +10.87% |
DLY vs. BILDX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than BILDX's 0.57% expense ratio.
Dividends
DLY vs. BILDX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 9.95%, more than BILDX's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BILDX DoubleLine Infrastructure Income Fund | 4.98% | 4.64% | 4.11% | 3.42% | 3.31% | 3.45% | 2.89% | 3.40% | 3.18% | 3.22% |
DLY DoubleLine Yield Opportunities Fund | 9.95% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DLY and BILDX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.84%) compared to BILDX (1.07%). In terms of maximum drawdown, DLY dropped -28.61% vs BILDX's -15.68%.
BILDX currently has the higher Sharpe Ratio (1.42 vs 0.11), 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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