DLY vs. ESIIX
DLY (DoubleLine Yield Opportunities Fund) and ESIIX (Eaton Vance Strategic Income Fund Class I) are both Multisector Bonds funds. Both are actively managed. Over the past 5 years, DLY returned 1.85%/yr vs 5.43%/yr for ESIIX. At a 0.21 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 1.21%/yr for ESIIX.
Performance
DLY vs. ESIIX - 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 ESIIX's 2.33% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
ESIIX
- 1D
- -0.15%
- 1M
- 0.74%
- YTD
- 2.33%
- 6M
- 2.69%
- 1Y
- 9.39%
- 3Y*
- 8.76%
- 5Y*
- 5.43%
- 10Y*
- 5.26%
DLY vs. ESIIX - 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% |
ESIIX Eaton Vance Strategic Income Fund Class I | 2.33% | 12.46% | 6.66% | 8.52% | -2.32% | 1.59% | 7.09% |
Correlation
The correlation between DLY and ESIIX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.21 |
The correlation between DLY and ESIIX shifts across timeframes, from 0.21 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DLY vs. ESIIX — Risk / Return Rank
DLY
ESIIX
DLY vs. ESIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and Eaton Vance Strategic Income Fund Class I (ESIIX). 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 | ESIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.62 | ||
| Sortino ratioReturn per unit of downside risk | -5.24 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.76 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.94 | -4.19 |
| Martin ratioReturn relative to average drawdown | -0.62 | 14.84 | -15.46 |
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Drawdowns
DLY vs. ESIIX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than ESIIX's maximum drawdown of -26.87%. Use the drawdown chart below to compare losses from any high point for DLY and ESIIX.
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Drawdown Indicators
| DLY | ESIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -26.87% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -2.44% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -2.46% | -8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -6.18% | -22.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.25% | — |
Current DrawdownCurrent decline from peak | -4.79% | -0.44% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -4.71% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.65% | +2.91% |
Volatility
DLY vs. ESIIX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.62% compared to Eaton Vance Strategic Income Fund Class I (ESIIX) at 0.90%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than ESIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | ESIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.90% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 2.30% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 2.87% | +5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 3.21% | +10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 3.17% | +11.83% |
DLY vs. ESIIX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than ESIIX's 1.21% expense ratio.
Dividends
DLY vs. ESIIX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, more than ESIIX's 7.38% 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% |
ESIIX Eaton Vance Strategic Income Fund Class I | 7.38% | 7.01% | 7.23% | 7.19% | 5.82% | 4.57% | 4.44% | 5.29% | 4.25% | 3.95% | 4.18% | 4.59% |
Frequently Asked Questions
DLY and ESIIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.62%) compared to ESIIX (0.90%). In terms of maximum drawdown, DLY dropped -28.61% vs ESIIX's -26.87%.
ESIIX currently has the higher Sharpe Ratio (3.35 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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