DSL vs. QQQ
DSL (DoubleLine Income Solutions Fund) and QQQ (Invesco QQQ ETF) are both funds - DSL is a High Yield Bonds fund managed by DoubleLine, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, DSL returned 4.86%/yr vs 20.44%/yr for QQQ. Their 0.38 correlation means their historical movements had little consistent relationship. DSL charges 2.28%/yr vs 0.18%/yr for QQQ.
Performance
DSL vs. QQQ - 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 QQQ's 12.26% return. Over the past 10 years, DSL has underperformed QQQ with an annualized return of 4.86%, while QQQ has yielded a comparatively higher 20.44% 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%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.15M | $6.19M | $5.58M | |
| $30.32B | $28.40B | $31.45B |
DSL vs. QQQ - 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% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between DSL and QQQ is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.38 |
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Return for Risk
DSL vs. QQQ — Risk / Return Rank
DSL
QQQ
DSL vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.21 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.88 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.24 | 6.00 | -6.24 |
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Drawdowns
DSL vs. QQQ - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DSL and QQQ.
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Drawdown Indicators
| DSL | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -82.97% | +33.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -11.96% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -22.77% | +8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -35.12% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -35.12% | -14.39% |
Current DrawdownCurrent decline from peak | -6.31% | -7.69% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -32.62% | +23.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 3.74% | +2.25% |
Volatility
DSL vs. QQQ - Volatility Comparison
The current volatility for DoubleLine Income Solutions Fund (DSL) is 3.08%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that DSL experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSL | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 6.87% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 16.08% | -7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 19.38% | -9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 22.90% | -8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 22.50% | -2.41% |
DSL vs. QQQ - Expense Ratio Comparison
DSL has a 2.28% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
DSL vs. QQQ - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.37%, more than QQQ's 0.44% 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% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
DSL and QQQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (6.87%) compared to DSL (3.08%). In terms of maximum drawdown, DSL dropped -49.51% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.16 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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