DSL vs. VOO
DSL (DoubleLine Income Solutions Fund) and VOO (Vanguard S&P 500 ETF) are both funds - DSL is a High Yield Bonds fund managed by DoubleLine, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, DSL returned 4.86%/yr vs 15.14%/yr for VOO. Their 0.41 correlation means their historical movements had little consistent relationship. DSL charges 2.28%/yr vs 0.03%/yr for VOO.
Performance
DSL vs. VOO - 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 VOO's 10.16% return. Over the past 10 years, DSL has underperformed VOO with an annualized return of 4.86%, while VOO has yielded a comparatively higher 15.14% 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%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.15M | $6.19M | $5.58M | |
| $3.82B | $3.78B | $5.44B |
DSL vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between DSL and VOO is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.41 |
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Return for Risk
DSL vs. VOO — Risk / Return Rank
DSL
VOO
DSL vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.21 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.24 | 9.44 | -9.67 |
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Drawdowns
DSL vs. VOO - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DSL and VOO.
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Drawdown Indicators
| DSL | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -33.99% | -15.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -8.90% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -18.69% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -24.52% | -9.66% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -33.99% | -15.52% |
Current DrawdownCurrent decline from peak | -6.31% | -1.38% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -3.67% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 2.08% | +3.91% |
Volatility
DSL vs. VOO - Volatility Comparison
The current volatility for DoubleLine Income Solutions Fund (DSL) is 3.08%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.54%. This indicates that DSL experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSL | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.54% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 10.10% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 12.82% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 16.93% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 18.01% | +2.08% |
DSL vs. VOO - Expense Ratio Comparison
DSL has a 2.28% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
DSL vs. VOO - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.37%, more than VOO's 1.07% 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% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
DSL and VOO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (3.54%) compared to DSL (3.08%). In terms of maximum drawdown, DSL dropped -49.51% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 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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