DLY vs. FSCO
DLY (DoubleLine Yield Opportunities Fund) is Multisector Bonds fund actively managed by DoubleLine, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past 3 years, DLY returned 9.23%/yr vs 15.58%/yr for FSCO. At a 0.19 correlation, their price movements are largely independent.
Performance
DLY vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, DLY achieves a -0.02% return, which is significantly higher than FSCO's -17.37% return.
DLY
- 1D
- -0.21%
- 1M
- -1.36%
- YTD
- -0.02%
- 6M
- 0.51%
- 1Y
- -1.88%
- 3Y*
- 9.23%
- 5Y*
- 2.07%
- 10Y*
- —
FSCO
- 1D
- -1.60%
- 1M
- -5.72%
- YTD
- -17.37%
- 6M
- -13.72%
- 1Y
- -22.32%
- 3Y*
- 15.58%
- 5Y*
- —
- 10Y*
- —
DLY vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | -0.02% | 0.63% | 16.29% | 25.48% | -1.80% |
FSCO FS Credit Opportunities Corp. | -17.37% | 3.68% | 34.88% | 36.98% | 7.16% |
Correlation
The correlation between DLY and FSCO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2022 | 0.19 |
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Return for Risk
DLY vs. FSCO — Risk / Return Rank
DLY
FSCO
DLY vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and FS Credit Opportunities Corp. (FSCO). 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 | FSCO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.23 | -0.83 | +0.59 |
Sortino ratioReturn per unit of downside risk | -0.28 | -1.03 | +0.74 |
Omega ratioGain probability vs. loss probability | 0.96 | 0.86 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.64 | +0.38 |
Martin ratioReturn relative to average drawdown | -0.67 | -1.35 | +0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DLY | FSCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | -0.83 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.58 | -0.40 |
Drawdowns
DLY vs. FSCO - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, smaller than the maximum FSCO drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for DLY and FSCO.
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Drawdown Indicators
| DLY | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -35.53% | +6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -35.53% | +26.79% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -35.53% | +24.72% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | — | — |
Current DrawdownCurrent decline from peak | -4.14% | -27.85% | +23.71% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -7.80% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 16.80% | -13.41% |
Volatility
DLY vs. FSCO - Volatility Comparison
The current volatility for DoubleLine Yield Opportunities Fund (DLY) is 1.92%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 5.31%. This indicates that DLY experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 5.31% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 22.73% | -15.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 27.05% | -18.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 27.72% | -14.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 27.72% | -12.66% |
Dividends
DLY vs. FSCO - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.03%, less than FSCO's 15.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.03% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% |
FSCO FS Credit Opportunities Corp. | 15.96% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% |
Frequently Asked Questions
DLY and FSCO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (5.31%) compared to DLY (1.92%). In terms of maximum drawdown, DLY dropped -28.61% vs FSCO's -35.53%.
DLY currently has the higher Sharpe Ratio (-0.23 vs -0.83), 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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