DLY vs. DSEUX
DLY (DoubleLine Yield Opportunities Fund) and DSEUX (DoubleLine Shiller Enhanced International CAPE) are both mutual funds - DLY is a Multisector Bonds fund actively managed by DoubleLine, while DSEUX is a Europe Equities fund managed by DoubleLine. Over the past 5 years, DLY returned 1.85%/yr vs 6.19%/yr for DSEUX. At a 0.28 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 0.61%/yr for DSEUX.
Performance
DLY vs. DSEUX - 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 DSEUX's 10.65% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
DSEUX
- 1D
- 0.14%
- 1M
- -4.60%
- YTD
- 10.65%
- 6M
- 11.43%
- 1Y
- 26.86%
- 3Y*
- 14.11%
- 5Y*
- 6.19%
- 10Y*
- —
DLY vs. DSEUX - 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% |
DSEUX DoubleLine Shiller Enhanced International CAPE | 10.65% | 29.25% | -3.73% | 17.30% | -17.38% | 18.40% | 17.40% |
Correlation
The correlation between DLY and DSEUX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.28 |
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Return for Risk
DLY vs. DSEUX — Risk / Return Rank
DLY
DSEUX
DLY vs. DSEUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and DoubleLine Shiller Enhanced International CAPE (DSEUX). 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 | DSEUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.74 | -3.99 |
| Martin ratioReturn relative to average drawdown | -0.62 | 11.70 | -12.32 |
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Drawdowns
DLY vs. DSEUX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, smaller than the maximum DSEUX drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for DLY and DSEUX.
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Drawdown Indicators
| DLY | DSEUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -36.27% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -7.31% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -17.84% | +7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -31.48% | +2.87% |
Current DrawdownCurrent decline from peak | -4.79% | -5.39% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -6.89% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.33% | +1.23% |
Volatility
DLY vs. DSEUX - Volatility Comparison
The current volatility for DoubleLine Yield Opportunities Fund (DLY) is 1.62%, while DoubleLine Shiller Enhanced International CAPE (DSEUX) has a volatility of 3.58%. This indicates that DLY experiences smaller price fluctuations and is considered to be less risky than DSEUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | DSEUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 3.58% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 10.38% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 13.56% | -5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 16.77% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 16.99% | -1.99% |
DLY vs. DSEUX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than DSEUX's 0.61% expense ratio.
Dividends
DLY vs. DSEUX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, more than DSEUX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DSEUX DoubleLine Shiller Enhanced International CAPE | 4.15% | 4.72% | 6.88% | 5.40% | 4.30% | 2.14% | 1.87% | 3.04% | 9.19% | 5.71% |
Frequently Asked Questions
DLY and DSEUX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSEUX has higher volatility (3.58%) compared to DLY (1.62%). In terms of maximum drawdown, DLY dropped -28.61% vs DSEUX's -36.27%.
DSEUX currently has the higher Sharpe Ratio (2.02 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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