DSL vs. AM
DSL (DoubleLine Income Solutions Fund) is High Yield Bonds fund managed by DoubleLine, while AM (Antero Midstream Corporation) is a stock. Over the past 10 years, DSL returned 5.21%/yr vs 7.20%/yr for AM. At a 0.23 correlation, their price movements are largely independent.
Performance
DSL vs. AM - Performance Comparison
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Returns By Period
In the year-to-date period, DSL achieves a 1.29% return, which is significantly lower than AM's 22.62% return. Over the past 10 years, DSL has underperformed AM with an annualized return of 5.21%, while AM has yielded a comparatively higher 7.20% annualized return.
DSL
- 1D
- -0.09%
- 1M
- -1.36%
- YTD
- 1.29%
- 6M
- 2.38%
- 1Y
- -0.92%
- 3Y*
- 8.54%
- 5Y*
- 0.87%
- 10Y*
- 5.21%
AM
- 1D
- -0.88%
- 1M
- 1.96%
- YTD
- 22.62%
- 6M
- 16.77%
- 1Y
- 19.29%
- 3Y*
- 32.87%
- 5Y*
- 24.10%
- 10Y*
- 7.20%
DSL vs. AM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 1.29% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | -6.49% | 25.10% | -6.04% | 16.39% |
AM Antero Midstream Corporation | 22.62% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 27.59% | -60.29% | -22.28% | -2.32% |
Correlation
The correlation between DSL and AM is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2014 | 0.23 |
The correlation between DSL and AM shifts across timeframes, from 0.05 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DSL vs. AM — Risk / Return Rank
DSL
AM
DSL vs. AM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and Antero Midstream Corporation (AM). 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.
| DSL | AM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.17 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.53 | -1.61 |
| Martin ratioReturn relative to average drawdown | -0.17 | 3.18 | -3.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DSL | AM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.93 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.91 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.17 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.13 | +0.07 |
Drawdowns
DSL vs. AM - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, smaller than the maximum AM drawdown of -93.01%. Use the drawdown chart below to compare losses from any high point for DSL and AM.
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Drawdown Indicators
| DSL | AM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -93.01% | +43.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -12.67% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -13.98% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -21.91% | -12.27% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -93.01% | +43.50% |
Current DrawdownCurrent decline from peak | -6.46% | -8.68% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -31.42% | +22.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 6.10% | -0.51% |
Volatility
DSL vs. AM - Volatility Comparison
The current volatility for DoubleLine Income Solutions Fund (DSL) is 3.53%, while Antero Midstream Corporation (AM) has a volatility of 5.87%. This indicates that DSL experiences smaller price fluctuations and is considered to be less risky than AM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSL | AM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 5.87% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 14.39% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 20.88% | -11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 26.55% | -11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 42.01% | -21.91% |
Dividends
DSL vs. AM - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.14%, more than AM's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 4.22% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
DSL DoubleLine Income Solutions Fund | 12.14% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
Frequently Asked Questions
DSL and AM have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AM has higher volatility (5.87%) compared to DSL (3.53%). In terms of maximum drawdown, DSL dropped -49.51% vs AM's -93.01%.
AM currently has the higher Sharpe Ratio (0.93 vs -0.10), 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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