DLY vs. JSVIX
DLY (DoubleLine Yield Opportunities Fund) and JSVIX (Easterly Income Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, DLY returned 1.85%/yr vs 3.26%/yr for JSVIX. At a 0.14 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 1.48%/yr for JSVIX.
Performance
DLY vs. JSVIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DLY achieves a -0.70% return, which is significantly lower than JSVIX's 0.37% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
JSVIX
- 1D
- -0.10%
- 1M
- 0.23%
- YTD
- 0.37%
- 6M
- 0.73%
- 1Y
- 4.47%
- 3Y*
- 6.38%
- 5Y*
- 3.26%
- 10Y*
- —
DLY vs. JSVIX - 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% |
JSVIX Easterly Income Opportunities Fund | 0.37% | 7.88% | 8.22% | 5.92% | -6.27% | 4.79% | 11.96% |
Correlation
The correlation between DLY and JSVIX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DLY vs. JSVIX — Risk / Return Rank
DLY
JSVIX
DLY vs. JSVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and Easterly Income Opportunities Fund (JSVIX). 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 | JSVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.67 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.16 | -3.42 |
| Martin ratioReturn relative to average drawdown | -0.62 | 7.68 | -8.31 |
Loading charts...
Drawdowns
DLY vs. JSVIX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than JSVIX's maximum drawdown of -8.75%. Use the drawdown chart below to compare losses from any high point for DLY and JSVIX.
Loading charts...
Drawdown Indicators
| DLY | JSVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -8.75% | -19.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -1.49% | -7.25% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -1.49% | -9.32% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -8.75% | -19.86% |
Current DrawdownCurrent decline from peak | -4.79% | -1.16% | -3.63% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -1.70% | -6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.61% | +2.95% |
Volatility
DLY vs. JSVIX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.62% compared to Easterly Income Opportunities Fund (JSVIX) at 0.52%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than JSVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DLY | JSVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.52% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 1.22% | +5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 1.72% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 2.49% | +11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 2.56% | +12.44% |
DLY vs. JSVIX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than JSVIX's 1.48% expense ratio.
Dividends
DLY vs. JSVIX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, more than JSVIX's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.18% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% |
JSVIX Easterly Income Opportunities Fund | 5.03% | 4.83% | 5.88% | 5.33% | 5.57% | 5.34% | 6.69% | 6.29% | 0.96% |
Frequently Asked Questions
DLY and JSVIX have a correlation of 0.14, 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 JSVIX (0.52%). In terms of maximum drawdown, DLY dropped -28.61% vs JSVIX's -8.75%.
JSVIX currently has the higher Sharpe Ratio (2.73 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.
Find the right allocation for DLY and JSVIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer