DLY vs. CRMVX
DLY (DoubleLine Yield Opportunities Fund) and CRMVX (Potomac Managed Volatility Fund) are both Multisector Bonds funds. Over the past 5 years, DLY returned 1.85%/yr vs 2.56%/yr for CRMVX. At a 0.20 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 1.62%/yr for CRMVX.
Performance
DLY vs. CRMVX - 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 CRMVX's 2.01% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
CRMVX
- 1D
- 0.00%
- 1M
- -0.00%
- YTD
- 2.01%
- 6M
- 2.04%
- 1Y
- 7.13%
- 3Y*
- 4.23%
- 5Y*
- 2.56%
- 10Y*
- —
DLY vs. CRMVX - 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% | 9.13% |
CRMVX Potomac Managed Volatility Fund | 2.01% | 4.91% | 1.22% | 0.25% | 4.76% | 0.61% | 3.98% |
Correlation
The correlation between DLY and CRMVX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.20 |
The correlation between DLY and CRMVX shifts across timeframes, from 0.17 (1 year) to 0.27 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DLY vs. CRMVX — Risk / Return Rank
DLY
CRMVX
DLY vs. CRMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and Potomac Managed Volatility Fund (CRMVX). 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 | CRMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.28 | -3.53 |
| Martin ratioReturn relative to average drawdown | -0.62 | 11.96 | -12.59 |
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Drawdowns
DLY vs. CRMVX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, smaller than the maximum CRMVX drawdown of -97.39%. Use the drawdown chart below to compare losses from any high point for DLY and CRMVX.
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Drawdown Indicators
| DLY | CRMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -97.39% | +68.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -2.25% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -97.39% | +86.58% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -97.39% | +68.78% |
Current DrawdownCurrent decline from peak | -4.79% | -97.10% | +92.31% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -24.72% | +16.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.62% | +2.94% |
Volatility
DLY vs. CRMVX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) and Potomac Managed Volatility Fund (CRMVX) have volatilities of 1.62% and 1.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | CRMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.68% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 3.23% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 4.24% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 1,600.31% | -1,586.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 1,463.11% | -1,448.11% |
DLY vs. CRMVX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than CRMVX's 1.62% expense ratio.
Dividends
DLY vs. CRMVX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, more than CRMVX's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CRMVX Potomac Managed Volatility Fund | 5.64% | 5.75% | 3.75% | 2.74% | 0.57% | 2.59% | 0.95% |
DLY DoubleLine Yield Opportunities Fund | 10.18% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% |
Frequently Asked Questions
DLY and CRMVX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRMVX has higher volatility (1.68%) compared to DLY (1.62%). In terms of maximum drawdown, DLY dropped -28.61% vs CRMVX's -97.39%.
CRMVX currently has the higher Sharpe Ratio (1.74 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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