DLY vs. NWXHX
DLY (DoubleLine Yield Opportunities Fund) and NWXHX (Nationwide Amundi Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, DLY returned 2.54%/yr vs 6.62%/yr for NWXHX. At a 0.06 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 0.61%/yr for NWXHX.
Performance
DLY vs. NWXHX - Performance Comparison
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Returns By Period
In the year-to-date period, DLY achieves a 1.29% return, which is significantly lower than NWXHX's 2.57% return.
DLY
- 1D
- -0.36%
- 1M
- 1.34%
- 6M
- -0.66%
- YTD
- 1.29%
- 1Y
- -0.49%
- 3Y*
- 8.84%
- 5Y*
- 2.54%
- 10Y*
- —
NWXHX
- 1D
- 0.00%
- 1M
- 0.29%
- 6M
- 2.07%
- YTD
- 2.57%
- 1Y
- 6.13%
- 3Y*
- 8.25%
- 5Y*
- 6.62%
- 10Y*
- 6.61%
DLY vs. NWXHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 1.29% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
NWXHX Nationwide Amundi Strategic Income Fund | 2.57% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 2.62% |
Correlation
The correlation between DLY and NWXHX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.06 |
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Return for Risk
DLY vs. NWXHX — Risk / Return Rank
DLY
NWXHX
DLY vs. NWXHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and Nationwide Amundi Strategic Income Fund (NWXHX). 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 | NWXHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.27 | ||
| Sortino ratioReturn per unit of downside risk | -9.42 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 2.60 | -1.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 15.16 | -15.21 |
| Martin ratioReturn relative to average drawdown | -0.13 | 52.07 | -52.20 |
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Drawdowns
DLY vs. NWXHX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than NWXHX's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for DLY and NWXHX.
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Drawdown Indicators
| DLY | NWXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -22.96% | -5.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -0.41% | -8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -1.99% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -5.52% | -23.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.96% | — |
Current DrawdownCurrent decline from peak | -2.88% | -0.10% | -2.78% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -1.03% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 0.12% | +3.50% |
Volatility
DLY vs. NWXHX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.87% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.31%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than NWXHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | NWXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 0.31% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 0.90% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 1.18% | +7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 3.70% | +9.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 4.40% | +10.54% |
DLY vs. NWXHX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than NWXHX's 0.61% expense ratio.
Dividends
DLY vs. NWXHX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.07%, more than NWXHX's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.07% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% |
NWXHX Nationwide Amundi Strategic Income Fund | 5.27% | 5.19% | 5.09% | 4.57% | 16.34% | 4.20% | 4.92% | 3.94% | 4.59% | 8.67% | 7.55% |
Frequently Asked Questions
DLY and NWXHX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.87%) compared to NWXHX (0.31%). In terms of maximum drawdown, DLY dropped -28.61% vs NWXHX's -22.96%.
NWXHX currently has the higher Sharpe Ratio (5.21 vs -0.06), 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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