DLY vs. LCRDX
DLY (DoubleLine Yield Opportunities Fund) and LCRDX (Lord Abbett Credit Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, DLY returned 2.06%/yr vs 3.36%/yr for LCRDX. At a 0.35 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 1.39%/yr for LCRDX.
Performance
DLY vs. LCRDX - Performance Comparison
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Returns By Period
In the year-to-date period, DLY achieves a -0.45% return, which is significantly lower than LCRDX's 2.26% return.
DLY
- 1D
- -0.07%
- 1M
- -1.30%
- YTD
- -0.45%
- 6M
- 0.01%
- 1Y
- -2.61%
- 3Y*
- 9.13%
- 5Y*
- 2.06%
- 10Y*
- —
LCRDX
- 1D
- 0.00%
- 1M
- 0.89%
- YTD
- 2.26%
- 6M
- 1.57%
- 1Y
- 7.65%
- 3Y*
- 8.23%
- 5Y*
- 3.36%
- 10Y*
- —
DLY vs. LCRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | -0.45% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -3.06% |
LCRDX Lord Abbett Credit Opportunities Fund | 2.26% | 5.03% | 10.16% | 11.25% | -13.00% | 12.19% | 9.08% |
Correlation
The correlation between DLY and LCRDX 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 | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.35 |
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Return for Risk
DLY vs. LCRDX — Risk / Return Rank
DLY
LCRDX
DLY vs. LCRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and Lord Abbett Credit Opportunities Fund (LCRDX). 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 | LCRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.40 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 2.18 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.77 | 4.94 | -5.70 |
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 | LCRDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | 1.84 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.72 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.92 | -0.74 |
Drawdowns
DLY vs. LCRDX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than LCRDX's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for DLY and LCRDX.
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Drawdown Indicators
| DLY | LCRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -22.75% | -5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -3.64% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -6.95% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -13.62% | -14.99% |
Current DrawdownCurrent decline from peak | -4.55% | -0.06% | -4.49% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -4.28% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 1.60% | +1.81% |
Volatility
DLY vs. LCRDX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.92% compared to Lord Abbett Credit Opportunities Fund (LCRDX) at 1.32%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than LCRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | LCRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.32% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 3.17% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 4.30% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 4.68% | +8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 5.82% | +9.23% |
DLY vs. LCRDX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than LCRDX's 1.39% expense ratio.
Dividends
DLY vs. LCRDX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.07%, less than LCRDX's 10.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.07% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% |
LCRDX Lord Abbett Credit Opportunities Fund | 10.35% | 9.81% | 9.09% | 9.54% | 5.10% | 9.71% | 4.24% |
Frequently Asked Questions
DLY and LCRDX 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 (1.92%) compared to LCRDX (1.32%). In terms of maximum drawdown, DLY dropped -28.61% vs LCRDX's -22.75%.
LCRDX currently has the higher Sharpe Ratio (1.84 vs -0.32), 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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