DLY vs. DBLIX

Last updated Aug 4, 2026

DLY (DoubleLine Yield Opportunities Fund) and DBLIX (DoubleLine Income Fund) are both Multisector Bonds funds from DoubleLine. Their 0.15 correlation means their historical movements had little consistent relationship. DLY charges 2.91%/yr vs 0.65%/yr for DBLIX.

Performance

DLY vs. DBLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Yield Opportunities Fund (DLY) and DoubleLine Income Fund (DBLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DLY

• 1D: 0.00%
• 1M: 0.55%
• 6M: -0.40%
• YTD: 2.38%
• 1Y: 0.78%
• 3Y*: 8.53%
• 5Y*: 2.28%
• 10Y*: —
• ALL TIME*: 3.29%

DBLIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DLY DoubleLine Yield Opportunities Fund	$2.57M	$2.54M	$2.33M

DLY vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DLY DoubleLine Yield Opportunities Fund	2.38%	0.63%	16.29%	25.48%	-23.08%	8.56%	-1.90%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-7.00%

Correlation

The correlation between DLY and DBLIX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (3Y) Balances recent behavior with more history.	0.18
Correlation (5Y) Shows whether the relationship held over a longer period.	0.19
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020	0.15

The correlation between DLY and DBLIX shifts across timeframes, from 0.09 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DLY vs. DBLIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DLY

DLY Risk / Return Rank: 5
DLY Sharpe Ratio Rank: 5
DLY Sortino Ratio Rank: 5
DLY Omega Ratio Rank: 5
DLY Calmar Ratio Rank: 5
DLY Martin Ratio Rank: 5

DBLIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DLY vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and DoubleLine Income Fund (DBLIX). 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	DBLIX	Difference
Sharpe ratio: Return per unit of total volatility	0.10	—	—
Sortino ratio: Return per unit of downside risk	0.20	—	—
Omega ratio: Gain probability vs. loss probability	1.02	—	—
Calmar ratio: Return relative to maximum drawdown	0.09	—	—
Martin ratio: Return relative to average drawdown	0.21	—	—

Drawdowns

Drawdown Indicators

	DLY	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.61%	—	—
Current Drawdown Current decline from peak	-1.83%	—	—
Average Drawdown Average peak-to-trough decline	-7.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	—	—

Volatility

Volatility by Period

	DLY	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.24%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.90%	—	—

DLY vs. DBLIX - Expense Ratio Comparison

DLY has a 2.91% expense ratio, which is higher than DBLIX's 0.65% expense ratio.

Dividends

DLY vs. DBLIX - Dividend Comparison

DLY's dividend yield for the trailing twelve months is around 9.96%, more than DBLIX's 3.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DBLIX DoubleLine Income Fund	3.10%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%
DLY DoubleLine Yield Opportunities Fund	9.96%	9.63%	8.85%	9.84%	10.67%	7.49%	5.67%	0.00%

Frequently Asked Questions

Can I hold both DLY and DBLIX in my portfolio?

DLY and DBLIX 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.