DSL vs. FOCIX
DSL (DoubleLine Income Solutions Fund) and FOCIX (Fairholme Focused Income Fund) are both High Yield Bonds funds. Over the past 10 years, DSL returned 4.86%/yr vs 7.03%/yr for FOCIX. Their 0.25 correlation means their historical movements had little consistent relationship. DSL charges 2.28%/yr vs 1.00%/yr for FOCIX.
Performance
DSL vs. FOCIX - Performance Comparison
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Returns By Period
In the year-to-date period, DSL achieves a 1.45% return, which is significantly lower than FOCIX's 9.48% return. Over the past 10 years, DSL has underperformed FOCIX with an annualized return of 4.86%, while FOCIX has yielded a comparatively higher 7.03% annualized return.
DSL
- 1D
- -0.28%
- 1M
- -2.10%
- 6M
- -1.37%
- YTD
- 1.45%
- 1Y
- -1.01%
- 3Y*
- 7.37%
- 5Y*
- 1.14%
- 10Y*
- 4.86%
- ALL TIME*
- 3.86%
FOCIX
- 1D
- -1.19%
- 1M
- 1.09%
- 6M
- 7.04%
- YTD
- 9.48%
- 1Y
- 12.35%
- 3Y*
- 11.54%
- 5Y*
- 10.19%
- 10Y*
- 7.03%
- ALL TIME*
- 7.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.15M | $6.19M | $5.58M | |
| $0.00 | $0.00 | $0.00 |
DSL vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 1.45% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | -6.49% | 25.10% | -6.04% | 16.39% |
FOCIX Fairholme Focused Income Fund | 9.48% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Correlation
The correlation between DSL and FOCIX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.25 |
Over the past year, the correlation between DSL and FOCIX has dropped to 0.05 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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Return for Risk
DSL vs. FOCIX — Risk / Return Rank
DSL
FOCIX
DSL vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and Fairholme Focused Income Fund (FOCIX). 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.
| DSL | FOCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 3.51 | -3.64 |
| Martin ratioReturn relative to average drawdown | -0.24 | 9.80 | -10.04 |
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Drawdowns
DSL vs. FOCIX - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for DSL and FOCIX.
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Drawdown Indicators
| DSL | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -18.78% | -30.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -3.33% | -7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -7.96% | -6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -12.36% | -21.82% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -18.61% | -30.90% |
Current DrawdownCurrent decline from peak | -6.31% | -1.19% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -4.73% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 1.19% | +4.80% |
Volatility
DSL vs. FOCIX - Volatility Comparison
DoubleLine Income Solutions Fund (DSL) and Fairholme Focused Income Fund (FOCIX) have volatilities of 3.08% and 3.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSL | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.17% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 6.37% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 7.91% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 9.60% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 9.13% | +10.96% |
DSL vs. FOCIX - Expense Ratio Comparison
DSL has a 2.28% expense ratio, which is higher than FOCIX's 1.00% expense ratio.
Dividends
DSL vs. FOCIX - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.37%, more than FOCIX's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 12.37% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
FOCIX Fairholme Focused Income Fund | 1.15% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Frequently Asked Questions
DSL and FOCIX 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.
FOCIX has higher volatility (3.17%) compared to DSL (3.08%). In terms of maximum drawdown, DSL dropped -49.51% vs FOCIX's -18.78%.
FOCIX currently has the higher Sharpe Ratio (1.48 vs -0.15), 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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