DLY vs. CBRDX
DLY (DoubleLine Yield Opportunities Fund) and CBRDX (CrossingBridge Responsible Credit Fund) are both Multisector Bonds funds. Over the past 3 years, DLY returned 8.13%/yr vs 5.96%/yr for CBRDX. At a 0.22 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 0.89%/yr for CBRDX.
Performance
DLY vs. CBRDX - 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 CBRDX's 0.27% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
CBRDX
- 1D
- 0.11%
- 1M
- 0.08%
- YTD
- 0.27%
- 6M
- 0.27%
- 1Y
- 3.19%
- 3Y*
- 5.96%
- 5Y*
- —
- 10Y*
- —
DLY vs. CBRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | -0.70% | 0.63% | 16.29% | 25.48% | -23.08% | -2.44% |
CBRDX CrossingBridge Responsible Credit Fund | 0.27% | 5.01% | 7.21% | 8.00% | 1.49% | 1.14% |
Correlation
The correlation between DLY and CBRDX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.22 |
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Return for Risk
DLY vs. CBRDX — Risk / Return Rank
DLY
CBRDX
DLY vs. CBRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and CrossingBridge Responsible Credit Fund (CBRDX). 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 | CBRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.48 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.26 | -3.51 |
| Martin ratioReturn relative to average drawdown | -0.62 | 8.47 | -9.09 |
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Drawdowns
DLY vs. CBRDX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than CBRDX's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for DLY and CBRDX.
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Drawdown Indicators
| DLY | CBRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -2.46% | -26.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -1.05% | -7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -2.46% | -8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | — | — |
Current DrawdownCurrent decline from peak | -4.79% | -0.94% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -0.35% | -7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.40% | +3.16% |
Volatility
DLY vs. CBRDX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.62% compared to CrossingBridge Responsible Credit Fund (CBRDX) at 0.69%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than CBRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | CBRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.69% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 1.35% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 1.82% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 2.07% | +11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 2.07% | +12.93% |
DLY vs. CBRDX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than CBRDX's 0.89% expense ratio.
Dividends
DLY vs. CBRDX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, more than CBRDX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CBRDX CrossingBridge Responsible Credit Fund | 6.63% | 7.52% | 8.57% | 8.57% | 6.67% | 1.34% | 0.00% |
DLY DoubleLine Yield Opportunities Fund | 10.18% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% |
Frequently Asked Questions
DLY and CBRDX have a correlation of 0.23, 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 CBRDX (0.69%). In terms of maximum drawdown, DLY dropped -28.61% vs CBRDX's -2.46%.
CBRDX currently has the higher Sharpe Ratio (1.88 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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