DSEEX vs. DLY
DSEEX (DoubleLine Shiller Enhanced CAPE) and DLY (DoubleLine Yield Opportunities Fund) are both mutual funds - DSEEX is a Large Cap Blend Equities fund managed by DoubleLine, while DLY is a Multisector Bonds fund actively managed by DoubleLine. Over the past 5 years, DSEEX returned 5.27%/yr vs 2.08%/yr for DLY. Their 0.37 correlation means their historical movements had little consistent relationship. DSEEX charges 0.54%/yr vs 2.91%/yr for DLY.
Performance
DSEEX vs. DLY - 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 DLY's 1.51% 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%
DLY
- 1D
- 0.80%
- 1M
- -0.10%
- 6M
- -0.92%
- YTD
- 1.51%
- 1Y
- -0.08%
- 3Y*
- 8.59%
- 5Y*
- 2.08%
- 10Y*
- —
- ALL TIME*
- 3.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.47M | $2.37M | $2.26M | |
| $0.00 | $0.00 | $0.00 |
DSEEX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DSEEX DoubleLine Shiller Enhanced CAPE | 1.86% | 9.49% | 12.84% | 27.03% | -23.24% | 24.91% | 20.63% |
DLY DoubleLine Yield Opportunities Fund | 1.51% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
Correlation
The correlation between DSEEX and DLY is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.37 |
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Return for Risk
DSEEX vs. DLY — Risk / Return Rank
DSEEX
DLY
DSEEX vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller Enhanced CAPE (DSEEX) and DoubleLine Yield Opportunities Fund (DLY). 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 | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | -0.01 | +0.34 |
| Martin ratioReturn relative to average drawdown | 1.12 | -0.02 | +1.14 |
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Drawdowns
DSEEX vs. DLY - Drawdown Comparison
The maximum DSEEX drawdown since its inception was -41.66%, which is greater than DLY's maximum drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for DSEEX and DLY.
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Drawdown Indicators
| DSEEX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.66% | -28.61% | -13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -8.74% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | -10.81% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -41.66% | -28.61% | -13.05% |
Max Drawdown (10Y)Largest decline over 10 years | -41.66% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -2.67% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -7.71% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.67% | -0.46% |
Volatility
DSEEX vs. DLY - Volatility Comparison
DoubleLine Shiller Enhanced CAPE (DSEEX) has a higher volatility of 4.73% compared to DoubleLine Yield Opportunities Fund (DLY) at 2.14%. This indicates that DSEEX's price experiences larger fluctuations and is considered to be riskier than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSEEX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 2.14% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 7.06% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.98% | 8.18% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 13.54% | +9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 14.91% | +6.83% |
DSEEX vs. DLY - Expense Ratio Comparison
DSEEX has a 0.54% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
DSEEX vs. DLY - Dividend Comparison
DSEEX's dividend yield for the trailing twelve months is around 4.88%, less than DLY's 10.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.05% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 DLY have a correlation of 0.40, 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 DLY (2.14%). In terms of maximum drawdown, DSEEX dropped -41.66% vs DLY's -28.61%.
DSEEX currently has the higher Sharpe Ratio (0.30 vs -0.01), 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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