DLY vs. DNP
DLY (DoubleLine Yield Opportunities Fund) is Multisector Bonds fund actively managed by DoubleLine, while DNP (DNP Select Income Fund Inc.) is a stock. Over the past 5 years, DLY returned 1.85%/yr vs 8.63%/yr for DNP. At a 0.25 correlation, their price movements are largely independent.
Performance
DLY vs. DNP - 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 DNP's 11.93% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
DNP
- 1D
- 0.93%
- 1M
- 0.79%
- YTD
- 11.93%
- 6M
- 11.98%
- 1Y
- 20.64%
- 3Y*
- 10.99%
- 5Y*
- 8.63%
- 10Y*
- 8.08%
DLY vs. DNP - 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% | -1.90% |
DNP DNP Select Income Fund Inc. | 11.93% | 22.61% | 13.36% | -18.56% | 10.96% | 14.05% | -15.69% |
Correlation
The correlation between DLY and DNP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.25 |
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Return for Risk
DLY vs. DNP — Risk / Return Rank
DLY
DNP
DLY vs. DNP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and DNP Select Income Fund Inc. (DNP). 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 | DNP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.23 | -3.48 |
| Martin ratioReturn relative to average drawdown | -0.62 | 13.55 | -14.17 |
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Drawdowns
DLY vs. DNP - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, smaller than the maximum DNP drawdown of -48.49%. Use the drawdown chart below to compare losses from any high point for DLY and DNP.
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Drawdown Indicators
| DLY | DNP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -48.49% | +19.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -6.42% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -18.29% | +7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -24.31% | -4.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.56% | — |
Current DrawdownCurrent decline from peak | -4.79% | 0.00% | -4.79% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -8.51% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.53% | +2.03% |
Volatility
DLY vs. DNP - Volatility Comparison
The current volatility for DoubleLine Yield Opportunities Fund (DLY) is 1.62%, while DNP Select Income Fund Inc. (DNP) has a volatility of 3.06%. This indicates that DLY experiences smaller price fluctuations and is considered to be less risky than DNP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | DNP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 3.06% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 7.96% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 9.89% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 14.50% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 17.14% | -2.14% |
Dividends
DLY vs. DNP - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, more than DNP's 7.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.18% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DNP DNP Select Income Fund Inc. | 7.20% | 7.81% | 8.84% | 9.20% | 6.93% | 7.18% | 7.60% | 6.11% | 7.50% | 7.22% | 7.62% | 8.71% |
Frequently Asked Questions
DLY and DNP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DNP has higher volatility (3.06%) compared to DLY (1.62%). In terms of maximum drawdown, DLY dropped -28.61% vs DNP's -48.49%.
DNP currently has the higher Sharpe Ratio (2.10 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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