DLY vs. DBCMX
DLY (DoubleLine Yield Opportunities Fund) and DBCMX (DoubleLine Strategic Commodity Fund) are both mutual funds - DLY is a Multisector Bonds fund actively managed by DoubleLine, while DBCMX is a Commodities fund managed by DoubleLine. Over the past 5 years, DLY returned 1.89%/yr vs 8.03%/yr for DBCMX. At a 0.14 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 1.02%/yr for DBCMX.
Performance
DLY vs. DBCMX - Performance Comparison
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Returns By Period
In the year-to-date period, DLY achieves a 0.09% return, which is significantly lower than DBCMX's 18.01% return.
DLY
- 1D
- 0.73%
- 1M
- 0.12%
- YTD
- 0.09%
- 6M
- 0.44%
- 1Y
- -1.75%
- 3Y*
- 8.35%
- 5Y*
- 1.89%
- 10Y*
- —
DBCMX
- 1D
- -1.50%
- 1M
- -7.99%
- YTD
- 18.01%
- 6M
- 18.44%
- 1Y
- 24.84%
- 3Y*
- 8.85%
- 5Y*
- 8.03%
- 10Y*
- 6.14%
DLY vs. DBCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 0.09% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
DBCMX DoubleLine Strategic Commodity Fund | 18.01% | 6.10% | 0.45% | -3.96% | 13.40% | 31.24% | 4.34% |
Correlation
The correlation between DLY and DBCMX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.14 |
The correlation between DLY and DBCMX shifts across timeframes, from -0.07 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DLY vs. DBCMX — Risk / Return Rank
DLY
DBCMX
DLY vs. DBCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and DoubleLine Strategic Commodity Fund (DBCMX). 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 | DBCMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.31 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.08 | -2.28 |
| Martin ratioReturn relative to average drawdown | -0.49 | 10.41 | -10.90 |
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Drawdowns
DLY vs. DBCMX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, smaller than the maximum DBCMX drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for DLY and DBCMX.
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Drawdown Indicators
| DLY | DBCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -37.62% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -11.98% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -14.75% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -27.60% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.62% | — |
Current DrawdownCurrent decline from peak | -4.03% | -11.98% | +7.95% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -13.23% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.39% | +1.19% |
Volatility
DLY vs. DBCMX - Volatility Comparison
The current volatility for DoubleLine Yield Opportunities Fund (DLY) is 1.79%, while DoubleLine Strategic Commodity Fund (DBCMX) has a volatility of 4.05%. This indicates that DLY experiences smaller price fluctuations and is considered to be less risky than DBCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | DBCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 4.05% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 12.62% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.17% | 14.05% | -5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 16.29% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 14.63% | +0.36% |
DLY vs. DBCMX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than DBCMX's 1.02% expense ratio.
Dividends
DLY vs. DBCMX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.10%, more than DBCMX's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 2.57% | 3.04% | 2.89% | 3.30% | 46.88% | 13.53% | 0.00% | 1.04% | 1.21% | 5.23% | 0.51% |
DLY DoubleLine Yield Opportunities Fund | 10.10% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DLY and DBCMX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBCMX has higher volatility (4.05%) compared to DLY (1.79%). In terms of maximum drawdown, DLY dropped -28.61% vs DBCMX's -37.62%.
DBCMX currently has the higher Sharpe Ratio (1.79 vs -0.21), 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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