DLY vs. DBLIX

Last updated Jun 4, 2026

DLY (DoubleLine Yield Opportunities Fund) and DBLIX (DoubleLine Income Fund) are both Multisector Bonds funds from DoubleLine. At a 0.15 correlation, their price movements are largely independent. 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: -0.36%
• 1M: -1.37%
• YTD: -0.38%
• 6M: 0.15%
• 1Y: -2.54%
• 3Y*: 9.10%
• 5Y*: 2.07%
• 10Y*: —

DBLIX

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

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

DLY vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DLY DoubleLine Yield Opportunities Fund	-0.38%	0.63%	16.29%	25.48%	-23.08%	8.56%	-3.06%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-13.31%	5.72%	-6.91%

Correlation

The correlation between DLY and DBLIX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.15

Return for Risk

DLY vs. DBLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DLY

DLY Risk / Return Rank: 1
DLY Sharpe Ratio Rank: 1
DLY Sortino Ratio Rank: 1
DLY Omega Ratio Rank: 1
DLY Calmar Ratio Rank: 1
DLY Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	DLY	DBLIX	Difference
Sharpe ratio Return per unit of total volatility	-0.32	—	—
Sortino ratio Return per unit of downside risk	-0.40	—	—
Omega ratio Gain probability vs. loss probability	0.95	—	—
Calmar ratio Return relative to maximum drawdown	-0.29	—	—
Martin ratio Return relative to average drawdown	-0.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DLY	DBLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	—	—

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	-4.48%	—	—
Average Drawdown Average peak-to-trough decline	-7.82%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	—	—

Volatility

Volatility by Period

	DLY	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.09%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.05%	—	—

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 10.07%, more than DBLIX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DBLIX DoubleLine Income Fund	4.11%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%
DLY DoubleLine Yield Opportunities Fund	10.07%	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 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.