DSL vs. VWEAX
DSL (DoubleLine Income Solutions Fund) and VWEAX (Vanguard High-Yield Corporate Fund Admiral Shares) are both High Yield Bonds funds. Over the past 10 years, DSL returned 4.86%/yr vs 4.94%/yr for VWEAX. Their 0.38 correlation means their historical movements had little consistent relationship. DSL charges 2.28%/yr vs 0.12%/yr for VWEAX.
Performance
DSL vs. VWEAX - Performance Comparison
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Returns By Period
In the year-to-date period, DSL achieves a 1.45% return, which is significantly higher than VWEAX's 0.81% return. Both investments have delivered pretty close results over the past 10 years, with DSL having a 4.86% annualized return and VWEAX not far ahead at 4.94%.
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%
VWEAX
- 1D
- 0.18%
- 1M
- -0.73%
- 6M
- 0.65%
- YTD
- 0.81%
- 1Y
- 4.62%
- 3Y*
- 7.57%
- 5Y*
- 3.82%
- 10Y*
- 4.94%
- ALL TIME*
- 5.99%
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. VWEAX - 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 0.81% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Correlation
The correlation between DSL and VWEAX 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. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
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. VWEAX — Risk / Return Rank
DSL
VWEAX
DSL vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 | VWEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.06 | -2.19 |
| Martin ratioReturn relative to average drawdown | -0.24 | 9.91 | -10.15 |
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Drawdowns
DSL vs. VWEAX - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, which is greater than VWEAX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for DSL and VWEAX.
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Drawdown Indicators
| DSL | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -30.05% | -19.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -2.52% | -8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -3.32% | -11.11% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -13.77% | -20.41% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -19.68% | -29.83% |
Current DrawdownCurrent decline from peak | -6.31% | -0.91% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -2.11% | -6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 0.52% | +5.47% |
Volatility
DSL vs. VWEAX - Volatility Comparison
DoubleLine Income Solutions Fund (DSL) has a higher volatility of 3.08% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.68%. This indicates that DSL's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSL | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 0.68% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 2.69% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 3.32% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 4.93% | +9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 5.25% | +14.84% |
DSL vs. VWEAX - Expense Ratio Comparison
DSL has a 2.28% expense ratio, which is higher than VWEAX's 0.12% expense ratio.
Dividends
DSL vs. VWEAX - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.37%, more than VWEAX's 5.87% 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.87% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Frequently Asked Questions
DSL and VWEAX 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.
DSL has higher volatility (3.08%) compared to VWEAX (0.68%). In terms of maximum drawdown, DSL dropped -49.51% vs VWEAX's -30.05%.
VWEAX currently has the higher Sharpe Ratio (1.57 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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