DSEEX vs. DBLTX
DSEEX (DoubleLine Shiller Enhanced CAPE) and DBLTX (DoubleLine Total Return Bond Fund Class I) are both mutual funds - DSEEX is a Large Cap Blend Equities fund managed by DoubleLine, while DBLTX is a Total Bond Market fund managed by DoubleLine. Over the past 10 years, DSEEX returned 11.74%/yr vs 1.61%/yr for DBLTX. Their 0.00 correlation means their historical movements had little consistent relationship. DSEEX charges 0.54%/yr vs 0.50%/yr for DBLTX.
Performance
DSEEX vs. DBLTX - Performance Comparison
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Returns By Period
In the year-to-date period, DSEEX achieves a 1.86% return, which is significantly higher than DBLTX's -0.46% return. Over the past 10 years, DSEEX has outperformed DBLTX with an annualized return of 11.74%, while DBLTX has yielded a comparatively lower 1.61% annualized return.
DSEEX
- 1D
- -0.44%
- 1M
- 2.19%
- 6M
- -0.45%
- YTD
- 1.86%
- 1Y
- 4.74%
- 3Y*
- 9.83%
- 5Y*
- 5.27%
- 10Y*
- 11.74%
- ALL TIME*
- 12.36%
DBLTX
- 1D
- -0.23%
- 1M
- -0.80%
- 6M
- -0.68%
- YTD
- -0.46%
- 1Y
- 3.28%
- 3Y*
- 4.60%
- 5Y*
- 0.27%
- 10Y*
- 1.61%
- ALL TIME*
- 3.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DSEEX vs. DBLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSEEX DoubleLine Shiller Enhanced CAPE | 1.86% | 9.49% | 12.84% | 27.03% | -23.24% | 24.91% | 16.27% | 37.28% | -3.99% | 21.61% |
DBLTX DoubleLine Total Return Bond Fund Class I | -0.46% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 4.13% | 5.81% | 1.76% | 3.80% |
Correlation
The correlation between DSEEX and DBLTX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.00 |
Over the past year, DSEEX and DBLTX have become more correlated (0.45) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
DSEEX vs. DBLTX — Risk / Return Rank
DSEEX
DBLTX
DSEEX vs. DBLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller Enhanced CAPE (DSEEX) and DoubleLine Total Return Bond Fund Class I (DBLTX). 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.
| DSEEX | DBLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.97 | -0.63 |
| Martin ratioReturn relative to average drawdown | 1.12 | 2.33 | -1.21 |
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Drawdowns
DSEEX vs. DBLTX - Drawdown Comparison
The maximum DSEEX drawdown since its inception was -41.66%, which is greater than DBLTX's maximum drawdown of -16.49%. Use the drawdown chart below to compare losses from any high point for DSEEX and DBLTX.
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Drawdown Indicators
| DSEEX | DBLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.66% | -16.49% | -25.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -3.17% | -7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | -5.33% | -9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -41.66% | -16.49% | -25.17% |
Max Drawdown (10Y)Largest decline over 10 years | -41.66% | -16.49% | -25.17% |
Current DrawdownCurrent decline from peak | -1.57% | -2.46% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -2.37% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 1.31% | +1.90% |
Volatility
DSEEX vs. DBLTX - Volatility Comparison
DoubleLine Shiller Enhanced CAPE (DSEEX) has a higher volatility of 4.73% compared to DoubleLine Total Return Bond Fund Class I (DBLTX) at 1.09%. This indicates that DSEEX's price experiences larger fluctuations and is considered to be riskier than DBLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSEEX | DBLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 1.09% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 3.01% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.98% | 3.82% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 5.62% | +17.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 4.42% | +17.32% |
DSEEX vs. DBLTX - Expense Ratio Comparison
DSEEX has a 0.54% expense ratio, which is higher than DBLTX's 0.50% expense ratio.
Dividends
DSEEX vs. DBLTX - Dividend Comparison
DSEEX's dividend yield for the trailing twelve months is around 4.88%, less than DBLTX's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.95% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
DSEEX DoubleLine Shiller Enhanced CAPE | 4.88% | 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
DSEEX and DBLTX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSEEX has higher volatility (4.73%) compared to DBLTX (1.09%). In terms of maximum drawdown, DSEEX dropped -41.66% vs DBLTX's -16.49%.
DBLTX currently has the higher Sharpe Ratio (0.81 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.
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