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 2.54%/yr vs 9.47%/yr for DBCMX. At a 0.13 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 1.29% return, which is significantly lower than DBCMX's 27.98% return.
DLY
- 1D
- -0.36%
- 1M
- 1.34%
- 6M
- -0.66%
- YTD
- 1.29%
- 1Y
- -0.49%
- 3Y*
- 8.84%
- 5Y*
- 2.54%
- 10Y*
- —
DBCMX
- 1D
- 0.22%
- 1M
- 4.64%
- 6M
- 24.36%
- YTD
- 27.98%
- 1Y
- 32.75%
- 3Y*
- 10.18%
- 5Y*
- 9.47%
- 10Y*
- 6.89%
DLY vs. DBCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 1.29% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
DBCMX DoubleLine Strategic Commodity Fund | 27.98% | 6.10% | 0.45% | -3.96% | 13.40% | 31.24% | 4.34% |
Correlation
The correlation between DLY and DBCMX is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.13 |
The correlation between DLY and DBCMX shifts across timeframes, from -0.09 (1 year) to 0.13 (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 | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.82 | -2.88 |
| Martin ratioReturn relative to average drawdown | -0.13 | 10.53 | -10.66 |
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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 | -2.88% | -4.55% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -13.20% | +5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.21% | +0.41% |
Volatility
DLY vs. DBCMX - Volatility Comparison
The current volatility for DoubleLine Yield Opportunities Fund (DLY) is 1.87%, while DoubleLine Strategic Commodity Fund (DBCMX) has a volatility of 4.68%. 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 | 1.87% | 4.68% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 12.79% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 14.46% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 16.32% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 14.60% | +0.34% |
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 10.07%, more than DBCMX's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBCMX DoubleLine Strategic Commodity Fund | 2.37% | 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 | 10.07% | 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 -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBCMX has higher volatility (4.68%) compared to DLY (1.87%). In terms of maximum drawdown, DLY dropped -28.61% vs DBCMX's -37.62%.
DBCMX currently has the higher Sharpe Ratio (2.34 vs -0.06), 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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