DLY vs. RFXIX
DLY (DoubleLine Yield Opportunities Fund) and RFXIX (Rational Special Situations Income Fund) are both Multisector Bonds funds. Over the past 5 years, DLY returned 1.89%/yr vs 4.24%/yr for RFXIX. At a 0.15 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 1.76%/yr for RFXIX.
Performance
DLY vs. RFXIX - Performance Comparison
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Returns By Period
In the year-to-date period, DLY achieves a 0.09% return, which is significantly lower than RFXIX's 2.07% return.
DLY
- 1D
- 0.73%
- 1M
- 0.12%
- YTD
- 0.09%
- 6M
- 0.44%
- 1Y
- -1.75%
- 3Y*
- 8.35%
- 5Y*
- 1.89%
- 10Y*
- —
RFXIX
- 1D
- 0.11%
- 1M
- 0.40%
- YTD
- 2.07%
- 6M
- 1.87%
- 1Y
- 5.00%
- 3Y*
- 5.81%
- 5Y*
- 4.24%
- 10Y*
- —
DLY vs. RFXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 0.09% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
RFXIX Rational Special Situations Income Fund | 2.07% | 4.73% | 8.95% | 4.08% | -0.85% | 5.30% | -0.27% |
Correlation
The correlation between DLY and RFXIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
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 | 0.15 |
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Return for Risk
DLY vs. RFXIX — Risk / Return Rank
DLY
RFXIX
DLY vs. RFXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and Rational Special Situations Income Fund (RFXIX). 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 | RFXIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.77 | ||
| Sortino ratioReturn per unit of downside risk | -5.56 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 2.06 | -1.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 6.87 | -7.07 |
| Martin ratioReturn relative to average drawdown | -0.49 | 28.10 | -28.59 |
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Drawdowns
DLY vs. RFXIX - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than RFXIX's maximum drawdown of -12.91%. Use the drawdown chart below to compare losses from any high point for DLY and RFXIX.
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Drawdown Indicators
| DLY | RFXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -12.91% | -15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -0.72% | -8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -1.05% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -4.93% | -23.68% |
Current DrawdownCurrent decline from peak | -4.03% | 0.00% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -0.86% | -6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.18% | +3.40% |
Volatility
DLY vs. RFXIX - Volatility Comparison
DoubleLine Yield Opportunities Fund (DLY) has a higher volatility of 1.79% compared to Rational Special Situations Income Fund (RFXIX) at 0.37%. This indicates that DLY's price experiences larger fluctuations and is considered to be riskier than RFXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLY | RFXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 0.37% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 0.78% | +6.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.17% | 1.40% | +6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 1.96% | +11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 2.93% | +12.06% |
DLY vs. RFXIX - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than RFXIX's 1.76% expense ratio.
Dividends
DLY vs. RFXIX - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.10%, more than RFXIX's 5.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.10% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% |
RFXIX Rational Special Situations Income Fund | 5.38% | 5.02% | 6.69% | 7.85% | 6.08% | 5.04% | 4.99% | 1.39% |
Frequently Asked Questions
DLY and RFXIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.79%) compared to RFXIX (0.37%). In terms of maximum drawdown, DLY dropped -28.61% vs RFXIX's -12.91%.
RFXIX currently has the higher Sharpe Ratio (3.55 vs -0.21), 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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