DLY vs. JMSIX
DLY (DoubleLine Yield Opportunities Fund) and JMSIX (JPMorgan Income Fund) are both Multisector Bonds funds. Over the past 5 years, DLY returned 1.85%/yr vs 2.78%/yr for JMSIX. At a 0.30 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 0.40%/yr for JMSIX.
Performance
DLY vs. JMSIX - 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 JMSIX's 0.99% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
JMSIX
- 1D
- -0.12%
- 1M
- 0.50%
- YTD
- 0.99%
- 6M
- 1.61%
- 1Y
- 5.18%
- 3Y*
- 7.17%
- 5Y*
- 2.78%
- 10Y*
- 3.96%
DLY vs. JMSIX - 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% |
JMSIX JPMorgan Income Fund | 0.99% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 1.80% |
Correlation
The correlation between DLY and JMSIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.30 |
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Return for Risk
DLY vs. JMSIX — Risk / Return Rank
DLY
JMSIX
DLY vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and JPMorgan Income Fund (JMSIX). 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 | JMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.54 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.28 | -3.53 |
| Martin ratioReturn relative to average drawdown | -0.62 | 13.51 | -14.14 |
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Drawdowns
DLY vs. JMSIX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for DLY and JMSIX.
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Drawdown Indicators
| DLY | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -18.40% | -10.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -1.62% | -7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -2.31% | -8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -11.39% | -17.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.40% | — |
Current DrawdownCurrent decline from peak | -4.79% | -0.47% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -2.56% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.39% | +3.17% |
Volatility
DLY vs. JMSIX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.62% compared to JPMorgan Income Fund (JMSIX) at 0.76%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.76% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 1.93% | +4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 2.55% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 3.73% | +9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 3.87% | +11.13% |
DLY vs. JMSIX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Dividends
DLY vs. JMSIX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, more than JMSIX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JMSIX JPMorgan Income Fund | 6.04% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% |
Frequently Asked Questions
DLY and JMSIX have a correlation of 0.33, 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 JMSIX (0.76%). In terms of maximum drawdown, DLY dropped -28.61% vs JMSIX's -18.40%.
JMSIX currently has the higher Sharpe Ratio (2.09 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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