DLY vs. LFLIX
DLY (DoubleLine Yield Opportunities Fund) and LFLIX (BrandywineGLOBAL - Flexible Bond Fund) are both Multisector Bonds funds. Over the past 5 years, DLY returned 1.85%/yr vs 2.34%/yr for LFLIX. At a 0.33 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 0.75%/yr for LFLIX.
Performance
DLY vs. LFLIX - 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 LFLIX's 3.03% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
LFLIX
- 1D
- 0.00%
- 1M
- 1.38%
- YTD
- 3.03%
- 6M
- 3.48%
- 1Y
- 8.16%
- 3Y*
- 6.53%
- 5Y*
- 2.34%
- 10Y*
- —
DLY vs. LFLIX - 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% |
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 3.03% | 8.82% | 2.95% | 9.57% | -10.87% | 1.05% | 11.98% |
Correlation
The correlation between DLY and LFLIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.33 |
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Return for Risk
DLY vs. LFLIX — Risk / Return Rank
DLY
LFLIX
DLY vs. LFLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and BrandywineGLOBAL - Flexible Bond Fund (LFLIX). 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 | LFLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.40 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.06 | -3.31 |
| Martin ratioReturn relative to average drawdown | -0.62 | 10.56 | -11.18 |
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Drawdowns
DLY vs. LFLIX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than LFLIX's maximum drawdown of -16.73%. Use the drawdown chart below to compare losses from any high point for DLY and LFLIX.
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Drawdown Indicators
| DLY | LFLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -16.73% | -11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -2.72% | -6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -7.54% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -16.73% | -11.88% |
Current DrawdownCurrent decline from peak | -4.79% | -0.52% | -4.27% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -2.85% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.79% | +2.77% |
Volatility
DLY vs. LFLIX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.62% compared to BrandywineGLOBAL - Flexible Bond Fund (LFLIX) at 1.30%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than LFLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | LFLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.30% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 3.47% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 4.13% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 5.74% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 5.09% | +9.91% |
DLY vs. LFLIX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than LFLIX's 0.75% expense ratio.
Dividends
DLY vs. LFLIX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, more than LFLIX's 6.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 6.93% | 6.67% | 8.94% | 5.36% | 3.28% | 2.90% | 3.62% | 6.04% | 3.67% | 3.06% |
Frequently Asked Questions
DLY and LFLIX have a correlation of 0.39, 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 LFLIX (1.30%). In terms of maximum drawdown, DLY dropped -28.61% vs LFLIX's -16.73%.
LFLIX currently has the higher Sharpe Ratio (2.02 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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