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 1.85%/yr vs 1.71%/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 -0.70% return, which is significantly lower than BILDX's 0.75% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
BILDX
- 1D
- -0.32%
- 1M
- 0.41%
- YTD
- 0.75%
- 6M
- 0.90%
- 1Y
- 4.78%
- 3Y*
- 5.98%
- 5Y*
- 1.71%
- 10Y*
- —
DLY vs. BILDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | -0.70% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
BILDX DoubleLine Infrastructure Income Fund | 0.75% | 7.59% | 4.41% | 8.89% | -11.54% | 0.14% | 2.93% |
Correlation
The correlation between DLY and BILDX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
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 | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.27 | -2.53 |
| Martin ratioReturn relative to average drawdown | -0.62 | 7.15 | -7.77 |
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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% | -3.31% | -7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -15.68% | -12.93% |
Current DrawdownCurrent decline from peak | -4.79% | -0.78% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -2.98% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.70% | +2.86% |
Volatility
DLY vs. BILDX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.62% compared to DoubleLine Infrastructure Income Fund (BILDX) at 0.94%. 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 | 1.62% | 0.94% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 2.28% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 3.08% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 4.42% | +9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 4.09% | +10.91% |
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 10.18%, more than BILDX's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BILDX DoubleLine Infrastructure Income Fund | 4.94% | 4.64% | 4.11% | 3.42% | 3.31% | 3.45% | 2.89% | 3.40% | 3.18% | 3.22% |
DLY DoubleLine Yield Opportunities Fund | 10.18% | 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 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.62%) compared to BILDX (0.94%). In terms of maximum drawdown, DLY dropped -28.61% vs BILDX's -15.68%.
BILDX currently has the higher Sharpe Ratio (1.63 vs -0.27), 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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