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DSL vs. BINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DSL vs. BINC

Last updated Jun 9, 2026

DSL (DoubleLine Income Solutions Fund) and BINC (iShares Flexible Income Active ETF) are both funds - DSL is a High Yield Bonds fund managed by DoubleLine, while BINC is a Multisector Bonds fund actively managed by iShares. Over the past 3 years, DSL returned 8.54%/yr vs 6.84%/yr for BINC. At a 0.41 correlation, their price movements are largely independent. DSL charges 2.28%/yr vs 0.40%/yr for BINC.

Performance

DSL vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Income Solutions Fund (DSL) and iShares Flexible Income Active ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, DSL achieves a 1.29% return, which is significantly higher than BINC's 0.61% 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%

BINC

1D
-0.12%
1M
-0.31%
YTD
0.61%
6M
1.20%
1Y
5.51%
3Y*
6.84%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DSL vs. BINC - Yearly Performance Comparison

2026 (YTD)202520242023
DSL
DoubleLine Income Solutions Fund		1.29%-0.01%15.00%15.10%
BINC
iShares Flexible Income Active ETF		0.61%7.57%5.76%7.12%

Correlation

The correlation between DSL and BINC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (All Time)
Calculated using the full available price history since May 23, 2023

0.41

Compare stocks, funds, or ETFs

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DoubleLine Income Solutions Fund

iShares Flexible Income Active ETF

Often compared with DSL:
DSL vs. DLYDSL vs. PDIDSL vs. FHAIXDSL vs. PHKDSL vs. AAPLDSL vs. MODSL vs. VOO
Often compared with BINC:
BINC vs. JPIEBINC vs. PYLDBINC vs. BNDBINC vs. JAAABINC vs. JEPIBINC vs. PONAXBINC vs. AGG

Return for Risk

DSL vs. BINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DSL
DSL Risk / Return Rank: 22
Overall Rank
DSL Sharpe Ratio Rank: 33
Sharpe Ratio Rank
DSL Sortino Ratio Rank: 22
Sortino Ratio Rank
DSL Omega Ratio Rank: 22
Omega Ratio Rank
DSL Calmar Ratio Rank: 33
Calmar Ratio Rank
DSL Martin Ratio Rank: 33
Martin Ratio Rank
BINC
BINC Risk / Return Rank: 7171
Overall Rank
BINC Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
BINC Sortino Ratio Rank: 8686
Sortino Ratio Rank
BINC Omega Ratio Rank: 8686
Omega Ratio Rank
BINC Calmar Ratio Rank: 4646
Calmar Ratio Rank
BINC Martin Ratio Rank: 5252
Martin Ratio Rank
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.

DSL vs. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and iShares Flexible Income Active ETF (BINC). 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.

DSLBINCDifference
Sharpe ratioReturn per unit of total volatility
-0.10
2.43

-2.53

Sortino ratioReturn per unit of downside risk
-0.08
3.52

-3.59

Omega ratioGain probability vs. loss probability

0.99

1.48

-0.49

Calmar ratioReturn relative to maximum drawdown

-0.08

2.06

-2.14

Martin ratioReturn relative to average drawdown

-0.17

8.08

-8.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSL vs. BINC - Sharpe Ratio Comparison

The current DSL Sharpe Ratio is -0.10, which is lower than the BINC Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of DSL and BINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DSLBINCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.10

2.43

-2.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.06

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

2.32

-2.12

Drawdowns

DSL vs. BINC - Drawdown Comparison

The maximum DSL drawdown since its inception was -49.51%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for DSL and BINC.

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Drawdown Indicators

DSLBINCDifference

Max Drawdown

Largest peak-to-trough decline

-49.51%

-2.69%

-46.82%

Max Drawdown (1Y)

Largest decline over 1 year

-11.16%

-2.69%

-8.47%

Max Drawdown (3Y)

Largest decline over 3 years

-14.43%

-2.69%

-11.74%

Max Drawdown (5Y)

Largest decline over 5 years

-34.18%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-49.51%

—

—

Current Drawdown

Current decline from peak

-6.46%

-0.77%

-5.69%

Average Drawdown

Average peak-to-trough decline

-8.74%

-0.36%

-8.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.59%

0.68%

+4.91%

Volatility

DSL vs. BINC - Volatility Comparison

DoubleLine Income Solutions Fund (DSL) has a higher volatility of 3.53% compared to iShares Flexible Income Active ETF (BINC) at 0.70%. This indicates that DSL's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DSLBINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

0.70%

+2.83%

Volatility (6M)

Calculated over the trailing 6-month period

7.56%

1.85%

+5.71%

Volatility (1Y)

Calculated over the trailing 1-year period

9.28%

2.28%

+7.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.84%

3.00%

+11.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.10%

3.00%

+17.10%

DSL vs. BINC - Expense Ratio Comparison

DSL has a 2.28% expense ratio, which is higher than BINC's 0.40% expense ratio.

Dividends

DSL vs. BINC - Dividend Comparison

DSL's dividend yield for the trailing twelve months is around 12.14%, more than BINC's 5.88% yield.

PositionTTM20252024202320222021202020192018201720162015
BINC
iShares Flexible Income Active ETF		5.88%5.86%6.14%3.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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 BINC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DSL has higher volatility (3.53%) compared to BINC (0.70%). In terms of maximum drawdown, DSL dropped -49.51% vs BINC's -2.69%.

BINC currently has the higher Sharpe Ratio (2.43 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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