DLY vs. PDI
DLY (DoubleLine Yield Opportunities Fund) is Multisector Bonds fund actively managed by DoubleLine, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 5 years, DLY returned 1.85%/yr vs 2.45%/yr for PDI. At a 0.38 correlation, their price movements are largely independent.
Performance
DLY vs. PDI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DLY achieves a -0.70% return, which is significantly higher than PDI's -1.30% return.
DLY
- 1D
- 0.07%
- 1M
- -0.68%
- YTD
- -0.70%
- 6M
- -0.15%
- 1Y
- -2.21%
- 3Y*
- 8.13%
- 5Y*
- 1.85%
- 10Y*
- —
PDI
- 1D
- -0.12%
- 1M
- -1.03%
- YTD
- -1.30%
- 6M
- -1.19%
- 1Y
- 0.13%
- 3Y*
- 9.89%
- 5Y*
- 2.45%
- 10Y*
- 7.32%
DLY vs. PDI - 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% |
PDI PIMCO Dynamic Income Fund | -1.30% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -8.02% |
Correlation
The correlation between DLY and PDI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.38 |
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. PDI — Risk / Return Rank
DLY
PDI
DLY vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and PIMCO Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.01 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.01 | -0.27 |
| Martin ratioReturn relative to average drawdown | -0.62 | 0.02 | -0.65 |
Loading charts...
Drawdowns
DLY vs. PDI - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for DLY and PDI.
Loading charts...
Drawdown Indicators
| DLY | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -46.47% | +17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -10.95% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -17.55% | +6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -27.19% | -1.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -4.79% | -9.01% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -6.22% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 5.24% | -1.68% |
Volatility
DLY vs. PDI - Volatility Comparison
The current volatility for DoubleLine Yield Opportunities Fund (DLY) is 1.62%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 2.87%. This indicates that DLY experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DLY | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.87% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 8.49% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.14% | 11.43% | -3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 15.56% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 19.05% | -4.05% |
Dividends
DLY vs. PDI - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.18%, less than PDI's 16.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
PDI PIMCO Dynamic Income Fund | 16.31% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
DLY and PDI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (2.87%) compared to DLY (1.62%). In terms of maximum drawdown, DLY dropped -28.61% vs PDI's -46.47%.
PDI currently has the higher Sharpe Ratio (0.01 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 PDI
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