DLY vs. WDI
DLY (DoubleLine Yield Opportunities Fund) and WDI (Western Asset Diversified Income Fund) are both Multisector Bonds funds. Over the past 5 years, DLY returned 2.54%/yr vs 3.42%/yr for WDI. At a 0.44 correlation, their price movements are largely independent. DLY charges 2.91%/yr vs 1.73%/yr for WDI.
Performance
DLY vs. WDI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DLY achieves a 1.29% return, which is significantly lower than WDI's 3.78% return.
DLY
- 1D
- -0.36%
- 1M
- 1.34%
- 6M
- -0.66%
- YTD
- 1.29%
- 1Y
- -0.49%
- 3Y*
- 8.84%
- 5Y*
- 2.54%
- 10Y*
- —
WDI
- 1D
- -0.59%
- 1M
- 1.19%
- 6M
- 4.62%
- YTD
- 3.78%
- 1Y
- 3.23%
- 3Y*
- 12.25%
- 5Y*
- 3.42%
- 10Y*
- —
DLY vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 1.29% | 0.63% | 16.29% | 25.48% | -23.08% | -2.29% |
WDI Western Asset Diversified Income Fund | 3.78% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between DLY and WDI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.44 |
The correlation between DLY and WDI has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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. WDI — Risk / Return Rank
DLY
WDI
DLY vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) and Western Asset Diversified Income Fund (WDI). 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 | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.38 | -0.44 |
| Martin ratioReturn relative to average drawdown | -0.13 | 0.93 | -1.07 |
Loading charts...
Drawdowns
DLY vs. WDI - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, smaller than the maximum WDI drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for DLY and WDI.
Loading charts...
Drawdown Indicators
| DLY | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -32.45% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -8.47% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -14.14% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -32.45% | +3.84% |
Current DrawdownCurrent decline from peak | -2.88% | -1.52% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -10.21% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.46% | +0.16% |
Volatility
DLY vs. WDI - Volatility Comparison
The current volatility for DoubleLine Yield Opportunities Fund (DLY) is 1.87%, while Western Asset Diversified Income Fund (WDI) has a volatility of 2.38%. This indicates that DLY experiences smaller price fluctuations and is considered to be less risky than WDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DLY | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 2.38% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 7.77% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 9.55% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 12.96% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 12.89% | +2.05% |
DLY vs. WDI - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than WDI's 1.73% expense ratio.
Dividends
DLY vs. WDI - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 10.07%, less than WDI's 13.13% 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% |
WDI Western Asset Diversified Income Fund | 13.13% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% |
Frequently Asked Questions
DLY and WDI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDI has higher volatility (2.38%) compared to DLY (1.87%). In terms of maximum drawdown, DLY dropped -28.61% vs WDI's -32.45%.
WDI currently has the higher Sharpe Ratio (0.34 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.
Find the right allocation for DLY and WDI
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