DSL vs. MO
DSL (DoubleLine Income Solutions Fund) is High Yield Bonds fund managed by DoubleLine, while MO (Altria Group, Inc.) is a stock. Over the past 10 years, DSL returned 5.15%/yr vs 7.43%/yr for MO. At a 0.14 correlation, their price movements are largely independent.
Performance
DSL vs. MO - Performance Comparison
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Returns By Period
In the year-to-date period, DSL achieves a 3.44% return, which is significantly lower than MO's 28.63% return. Over the past 10 years, DSL has underperformed MO with an annualized return of 5.15%, while MO has yielded a comparatively higher 7.43% annualized return.
DSL
- 1D
- -0.54%
- 1M
- 1.10%
- 6M
- 2.89%
- YTD
- 3.44%
- 1Y
- 1.77%
- 3Y*
- 8.58%
- 5Y*
- 1.44%
- 10Y*
- 5.15%
MO
- 1D
- 0.11%
- 1M
- 1.40%
- 6M
- 26.69%
- YTD
- 28.63%
- 1Y
- 32.78%
- 3Y*
- 25.69%
- 5Y*
- 17.33%
- 10Y*
- 7.43%
DSL vs. MO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 3.44% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | -6.49% | 25.10% | -6.04% | 16.39% |
MO Altria Group, Inc. | 28.63% | 18.17% | 40.76% | -3.70% | 4.37% | 24.18% | -10.21% | 7.87% | -27.14% | 9.45% |
Correlation
The correlation between DSL and MO is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.14 |
The correlation between DSL and MO shifts across timeframes, from -0.09 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DSL vs. MO — Risk / Return Rank
DSL
MO
DSL vs. MO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and Altria Group, Inc. (MO). 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 | MO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.27 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.01 | -1.85 |
| Martin ratioReturn relative to average drawdown | 0.30 | 5.04 | -4.74 |
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Drawdowns
DSL vs. MO - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, smaller than the maximum MO drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for DSL and MO.
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Drawdown Indicators
| DSL | MO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -65.43% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -16.40% | +5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -16.40% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -25.83% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -53.69% | +4.18% |
Current DrawdownCurrent decline from peak | -4.47% | -2.94% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -11.91% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | 6.51% | -0.69% |
Volatility
DSL vs. MO - Volatility Comparison
The current volatility for DoubleLine Income Solutions Fund (DSL) is 2.50%, while Altria Group, Inc. (MO) has a volatility of 6.81%. This indicates that DSL experiences smaller price fluctuations and is considered to be less risky than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSL | MO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 6.81% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 18.14% | -10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 22.89% | -13.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 20.74% | -5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 23.04% | -2.95% |
Dividends
DSL vs. MO - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.01%, more than MO's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 12.01% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
MO Altria Group, Inc. | 5.90% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
Frequently Asked Questions
DSL and MO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MO has higher volatility (6.81%) compared to DSL (2.50%). In terms of maximum drawdown, DSL dropped -49.51% vs MO's -65.43%.
MO currently has the higher Sharpe Ratio (1.44 vs 0.19), 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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