DSL vs. MDHVX
DSL (DoubleLine Income Solutions Fund) and MDHVX (MainStay MacKay Short Duration High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, DSL returned 4.86%/yr vs 4.39%/yr for MDHVX. Their 0.36 correlation means their historical movements had little consistent relationship. DSL charges 2.28%/yr vs 1.10%/yr for MDHVX.
Performance
DSL vs. MDHVX - 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 MDHVX's 1.89% return. Over the past 10 years, DSL has outperformed MDHVX with an annualized return of 4.86%, while MDHVX has yielded a comparatively lower 4.39% 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%
MDHVX
- 1D
- 0.11%
- 1M
- -0.21%
- 6M
- 1.56%
- YTD
- 1.89%
- 1Y
- 3.89%
- 3Y*
- 6.03%
- 5Y*
- 4.24%
- 10Y*
- 4.39%
- ALL TIME*
- 4.30%
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. MDHVX - 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% |
MDHVX MainStay MacKay Short Duration High Yield Fund | 1.89% | 5.38% | 6.51% | 9.86% | -2.81% | 4.38% | 2.92% | 9.00% | -0.13% | 4.30% |
Correlation
The correlation between DSL and MDHVX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.36 |
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Return for Risk
DSL vs. MDHVX — Risk / Return Rank
DSL
MDHVX
DSL vs. MDHVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and MainStay MacKay Short Duration High Yield Fund (MDHVX). 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 | MDHVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.51 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 3.53 | -3.66 |
| Martin ratioReturn relative to average drawdown | -0.24 | 16.88 | -17.12 |
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Drawdowns
DSL vs. MDHVX - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, which is greater than MDHVX's maximum drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for DSL and MDHVX.
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Drawdown Indicators
| DSL | MDHVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -18.04% | -31.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -1.06% | -10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -2.65% | -11.78% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -6.26% | -27.92% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -18.04% | -31.47% |
Current DrawdownCurrent decline from peak | -6.31% | -0.32% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -0.77% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 0.22% | +5.77% |
Volatility
DSL vs. MDHVX - Volatility Comparison
DoubleLine Income Solutions Fund (DSL) has a higher volatility of 3.08% compared to MainStay MacKay Short Duration High Yield Fund (MDHVX) at 0.46%. This indicates that DSL's price experiences larger fluctuations and is considered to be riskier than MDHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSL | MDHVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 0.46% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 1.33% | +6.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 1.80% | +8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 2.59% | +12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 3.41% | +16.68% |
DSL vs. MDHVX - Expense Ratio Comparison
DSL has a 2.28% expense ratio, which is higher than MDHVX's 1.10% expense ratio.
Dividends
DSL vs. MDHVX - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.37%, more than MDHVX's 4.80% 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% |
MDHVX MainStay MacKay Short Duration High Yield Fund | 4.80% | 5.47% | 6.01% | 5.53% | 4.31% | 3.80% | 4.44% | 4.37% | 4.33% | 4.03% | 4.95% | 4.87% |
Frequently Asked Questions
DSL and MDHVX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSL has higher volatility (3.08%) compared to MDHVX (0.46%). In terms of maximum drawdown, DSL dropped -49.51% vs MDHVX's -18.04%.
MDHVX currently has the higher Sharpe Ratio (2.07 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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