DSEEX vs. BMSIX

Last updated Jun 4, 2026

DSEEX (DoubleLine Shiller Enhanced CAPE) and BMSIX (BlackRock Income Fund) are both mutual funds - DSEEX is a Large Cap Blend Equities fund managed by DoubleLine, while BMSIX is a Multisector Bonds fund managed by BlackRock. Over the past 10 years, DSEEX returned 12.01%/yr vs 3.84%/yr for BMSIX. At a 0.35 correlation, their price movements are largely independent. DSEEX charges 0.54%/yr vs 0.62%/yr for BMSIX.

Performance

DSEEX vs. BMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Shiller Enhanced CAPE (DSEEX) and BlackRock Income Fund (BMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSEEX achieves a -2.04% return, which is significantly lower than BMSIX's 0.57% return. Over the past 10 years, DSEEX has outperformed BMSIX with an annualized return of 12.01%, while BMSIX has yielded a comparatively lower 3.84% annualized return.

DSEEX

• 1D: -0.45%
• 1M: -1.66%
• YTD: -2.04%
• 6M: -1.93%
• 1Y: 3.18%
• 3Y*: 11.51%
• 5Y*: 5.35%
• 10Y*: 12.01%

BMSIX

• 1D: 0.11%
• 1M: 0.54%
• YTD: 0.57%
• 6M: 1.06%
• 1Y: 6.10%
• 3Y*: 7.03%
• 5Y*: 1.86%
• 10Y*: 3.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DSEEX vs. BMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSEEX DoubleLine Shiller Enhanced CAPE	-2.04%	9.49%	12.84%	27.03%	-23.24%	24.91%	16.27%	37.28%	-3.99%	21.61%
BMSIX BlackRock Income Fund	0.57%	8.38%	5.96%	7.84%	-10.08%	-0.29%	6.94%	12.03%	-1.03%	6.62%

Correlation

The correlation between DSEEX and BMSIX is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Nov 4, 2013	0.35

The correlation between DSEEX and BMSIX shifts across timeframes, from 0.35 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DSEEX vs. BMSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DSEEX

DSEEX Risk / Return Rank: 4
DSEEX Sharpe Ratio Rank: 4
DSEEX Sortino Ratio Rank: 4
DSEEX Omega Ratio Rank: 4
DSEEX Calmar Ratio Rank: 4
DSEEX Martin Ratio Rank: 5

BMSIX

BMSIX Risk / Return Rank: 59
BMSIX Sharpe Ratio Rank: 56
BMSIX Sortino Ratio Rank: 76
BMSIX Omega Ratio Rank: 70
BMSIX Calmar Ratio Rank: 43
BMSIX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DSEEX vs. BMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller Enhanced CAPE (DSEEX) and BlackRock Income Fund (BMSIX). 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.

	DSEEX	BMSIX	Difference
Sharpe ratio: Return per unit of total volatility	0.30	2.19	-1.90
Sortino ratio: Return per unit of downside risk	0.51	3.64	-3.13
Omega ratio: Gain probability vs. loss probability	1.06	1.47	-0.41
Calmar ratio: Return relative to maximum drawdown	0.31	2.48	-2.18
Martin ratio: Return relative to average drawdown	1.12	10.59	-9.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSEEX vs. BMSIX - Sharpe Ratio Comparison

The current DSEEX Sharpe Ratio is 0.30, which is lower than the BMSIX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of DSEEX and BMSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DSEEX	BMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	2.19	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.50	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.93	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.22	-0.62

Drawdowns

DSEEX vs. BMSIX - Drawdown Comparison

The maximum DSEEX drawdown since its inception was -41.66%, which is greater than BMSIX's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for DSEEX and BMSIX.

Drawdown Indicators

	DSEEX	BMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.66%	-18.60%	-23.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.80%	-2.51%	-8.29%
Max Drawdown (3Y) Largest decline over 3 years	-14.57%	-2.58%	-11.99%
Max Drawdown (5Y) Largest decline over 5 years	-41.66%	-16.52%	-25.14%
Max Drawdown (10Y) Largest decline over 10 years	-41.66%	-18.60%	-23.06%
Current Drawdown Current decline from peak	-5.33%	-0.14%	-5.19%
Average Drawdown Average peak-to-trough decline	-8.47%	-2.04%	-6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	0.59%	+2.38%

Volatility

DSEEX vs. BMSIX - Volatility Comparison

DoubleLine Shiller Enhanced CAPE (DSEEX) has a higher volatility of 2.67% compared to BlackRock Income Fund (BMSIX) at 1.01%. This indicates that DSEEX's price experiences larger fluctuations and is considered to be riskier than BMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSEEX	BMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	1.01%	+1.66%
Volatility (6M) Calculated over the trailing 6-month period	8.29%	2.29%	+6.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	2.85%	+8.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.84%	3.76%	+19.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.71%	4.15%	+17.56%

DSEEX vs. BMSIX - Expense Ratio Comparison

DSEEX has a 0.54% expense ratio, which is lower than BMSIX's 0.62% expense ratio.

Dividends

DSEEX vs. BMSIX - Dividend Comparison

DSEEX's dividend yield for the trailing twelve months is around 5.04%, less than BMSIX's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMSIX BlackRock Income Fund	5.63%	5.66%	5.99%	4.38%	3.71%	5.31%	4.19%	4.90%	5.13%	4.03%	4.49%	4.35%
DSEEX DoubleLine Shiller Enhanced CAPE	5.04%	4.93%	4.92%	4.59%	16.41%	28.54%	1.73%	7.57%	15.27%	9.09%	4.09%	4.43%

Frequently Asked Questions

Can I hold both DSEEX and BMSIX in my portfolio?

DSEEX and BMSIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSEEX or BMSIX?

DSEEX has higher volatility (2.67%) compared to BMSIX (1.01%). In terms of maximum drawdown, DSEEX dropped -41.66% vs BMSIX's -18.60%.

Which has better risk-adjusted returns?

BMSIX currently has the higher Sharpe Ratio (2.19 vs 0.30), 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.