DSL vs. PHK
DSL (DoubleLine Income Solutions Fund) is High Yield Bonds fund managed by DoubleLine, while PHK (PIMCO High Income Fund) is a stock. Over the past 10 years, DSL returned 4.86%/yr vs 3.57%/yr for PHK. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
DSL vs. PHK - 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 PHK's 2.75% return. Over the past 10 years, DSL has outperformed PHK with an annualized return of 4.86%, while PHK has yielded a comparatively lower 3.57% 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%
PHK
- 1D
- 0.00%
- 1M
- 1.25%
- 6M
- -0.30%
- YTD
- 2.75%
- 1Y
- 7.24%
- 3Y*
- 9.69%
- 5Y*
- 3.42%
- 10Y*
- 3.57%
- ALL TIME*
- 7.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.15M | $6.19M | $5.58M | |
| $3.63M | $5.33M | $3.89M |
DSL vs. PHK - 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% |
PHK PIMCO High Income Fund | 2.75% | 12.63% | 9.46% | 18.84% | -14.41% | 10.97% | -10.10% | 3.44% | 20.86% | -8.66% |
Correlation
The correlation between DSL and PHK is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
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. PHK — Risk / Return Rank
DSL
PHK
DSL vs. PHK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and PIMCO High Income Fund (PHK). 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 | PHK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.15 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.81 | -0.94 |
| Martin ratioReturn relative to average drawdown | -0.24 | 2.63 | -2.87 |
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Drawdowns
DSL vs. PHK - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, smaller than the maximum PHK drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for DSL and PHK.
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Drawdown Indicators
| DSL | PHK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -75.29% | +25.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -9.22% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -16.41% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -26.76% | -7.42% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -51.30% | +1.79% |
Current DrawdownCurrent decline from peak | -6.31% | -1.27% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -9.73% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 2.84% | +3.15% |
Volatility
DSL vs. PHK - Volatility Comparison
DoubleLine Income Solutions Fund (DSL) has a higher volatility of 3.08% compared to PIMCO High Income Fund (PHK) at 2.46%. This indicates that DSL's price experiences larger fluctuations and is considered to be riskier than PHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSL | PHK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.46% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 10.09% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 11.33% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 14.29% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 20.50% | -0.41% |
Dividends
DSL vs. PHK - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.37%, which matches PHK's 12.39% 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% |
PHK PIMCO High Income Fund | 12.39% | 11.85% | 11.85% | 11.54% | 12.18% | 9.37% | 10.62% | 10.57% | 12.09% | 13.29% | 13.54% | 16.98% |
Frequently Asked Questions
DSL and PHK have a correlation of 0.29, 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 PHK (2.46%). In terms of maximum drawdown, DSL dropped -49.51% vs PHK's -75.29%.
PHK currently has the higher Sharpe Ratio (0.66 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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