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DSL vs. DSEUX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DSL vs. DSEUX

Last updated Jun 25, 2026

DSL (DoubleLine Income Solutions Fund) and DSEUX (DoubleLine Shiller Enhanced International CAPE) are both mutual funds - DSL is a High Yield Bonds fund managed by DoubleLine, while DSEUX is a Europe Equities fund managed by DoubleLine. Over the past 5 years, DSL returned 1.04%/yr vs 6.07%/yr for DSEUX. At a 0.29 correlation, their price movements are largely independent. DSL charges 2.28%/yr vs 0.61%/yr for DSEUX.

Performance

DSL vs. DSEUX - Performance Comparison

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

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Returns By Period

In the year-to-date period, DSL achieves a 1.56% return, which is significantly lower than DSEUX's 10.72% return.

DSL

1D
-0.19%
1M
0.18%
YTD
1.56%
6M
1.92%
1Y
-0.66%
3Y*
8.22%
5Y*
1.04%
10Y*
5.34%

DSEUX

1D
0.07%
1M
-4.53%
YTD
10.72%
6M
11.50%
1Y
25.30%
3Y*
14.13%
5Y*
6.07%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DSL vs. DSEUX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DSL
DoubleLine Income Solutions Fund		1.56%-0.01%15.00%23.41%-22.61%7.39%-6.49%25.10%-6.04%16.39%
DSEUX
DoubleLine Shiller Enhanced International CAPE		10.72%29.25%-3.73%17.30%-17.38%18.40%10.73%23.17%-12.64%20.96%

Correlation

The correlation between DSL and DSEUX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

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

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Dec 27, 2016

0.29

Compare stocks, funds, or ETFs

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DoubleLine Income Solutions Fund

DoubleLine Shiller Enhanced International CAPE

Often compared with DSL:
DSL vs. DLYDSL vs. PDIDSL vs. FHAIXDSL vs. PHKDSL vs. AAPLDSL vs. MODSL vs. VOO
Often compared with DSEUX:
DSEUX vs. SPYDSEUX vs. AEDAXDSEUX vs. PTSIXDSEUX vs. UEPIXDSEUX vs. DFCSXDSEUX vs. DSEEXDSEUX vs. CEE

Return for Risk

DSL vs. DSEUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DSL
DSL Risk / Return Rank: 33
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
DSEUX
DSEUX Risk / Return Rank: 6464
Overall Rank
DSEUX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DSEUX Sortino Ratio Rank: 5757
Sortino Ratio Rank
DSEUX Omega Ratio Rank: 5252
Omega Ratio Rank
DSEUX Calmar Ratio Rank: 8585
Calmar Ratio Rank
DSEUX Martin Ratio Rank: 6565
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. DSEUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and DoubleLine Shiller Enhanced International CAPE (DSEUX). 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.

DSLDSEUXDifference
Sharpe ratioReturn per unit of total volatility
-0.07
2.00

-2.07

Sortino ratioReturn per unit of downside risk
-0.04
2.78

-2.81

Omega ratioGain probability vs. loss probability

1.00

1.34

-0.35

Calmar ratioReturn relative to maximum drawdown

-0.06

3.70

-3.76

Martin ratioReturn relative to average drawdown

-0.12

11.48

-11.60

DSL vs. DSEUX - Sharpe Ratio Comparison

The current DSL Sharpe Ratio is -0.07, which is lower than the DSEUX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of DSL and DSEUX, 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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Drawdowns

DSL vs. DSEUX - Drawdown Comparison

The maximum DSL drawdown since its inception was -49.51%, which is greater than DSEUX's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for DSL and DSEUX.

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Drawdown Indicators

DSLDSEUXDifference

Max Drawdown

Largest peak-to-trough decline

-49.51%

-36.27%

-13.24%

Max Drawdown (1Y)

Largest decline over 1 year

-11.16%

-7.31%

-3.85%

Max Drawdown (3Y)

Largest decline over 3 years

-14.43%

-17.84%

+3.41%

Max Drawdown (5Y)

Largest decline over 5 years

-34.18%

-31.48%

-2.70%

Max Drawdown (10Y)

Largest decline over 10 years

-49.51%

—

—

Current Drawdown

Current decline from peak

-6.21%

-5.32%

-0.89%

Average Drawdown

Average peak-to-trough decline

-8.73%

-6.89%

-1.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.73%

2.35%

+3.38%

Volatility

DSL vs. DSEUX - Volatility Comparison

The current volatility for DoubleLine Income Solutions Fund (DSL) is 2.18%, while DoubleLine Shiller Enhanced International CAPE (DSEUX) has a volatility of 3.34%. This indicates that DSL experiences smaller price fluctuations and is considered to be less risky than DSEUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DSLDSEUXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.18%

3.34%

-1.16%

Volatility (6M)

Calculated over the trailing 6-month period

7.66%

10.37%

-2.71%

Volatility (1Y)

Calculated over the trailing 1-year period

9.33%

13.53%

-4.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.85%

16.77%

-1.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.10%

16.99%

+3.11%

DSL vs. DSEUX - Expense Ratio Comparison

DSL has a 2.28% expense ratio, which is higher than DSEUX's 0.61% expense ratio.

Dividends

DSL vs. DSEUX - Dividend Comparison

DSL's dividend yield for the trailing twelve months is around 12.23%, more than DSEUX's 4.15% yield.

PositionTTM20252024202320222021202020192018201720162015
DSEUX
DoubleLine Shiller Enhanced International CAPE		4.15%4.72%6.88%5.40%4.30%2.14%1.87%3.04%9.19%5.71%0.00%0.00%
DSL
DoubleLine Income Solutions Fund		12.23%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 DSEUX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DSEUX has higher volatility (3.34%) compared to DSL (2.18%). In terms of maximum drawdown, DSL dropped -49.51% vs DSEUX's -36.27%.

DSEUX currently has the higher Sharpe Ratio (2.00 vs -0.07), 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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