FHAIX vs. DSL
FHAIX (Franklin High Income Fund) and DSL (DoubleLine Income Solutions Fund) are both High Yield Bonds funds. Over the past 10 years, FHAIX returned 5.51%/yr vs 4.86%/yr for DSL. Their 0.31 correlation means their historical movements had little consistent relationship. FHAIX charges 0.77%/yr vs 2.28%/yr for DSL.
Performance
FHAIX vs. DSL - Performance Comparison
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Returns By Period
In the year-to-date period, FHAIX achieves a 0.86% return, which is significantly lower than DSL's 1.45% return. Over the past 10 years, FHAIX has outperformed DSL with an annualized return of 5.51%, while DSL has yielded a comparatively lower 4.86% annualized return.
FHAIX
- 1D
- 0.00%
- 1M
- -0.60%
- 6M
- 0.35%
- YTD
- 0.86%
- 1Y
- 4.76%
- 3Y*
- 7.50%
- 5Y*
- 3.99%
- 10Y*
- 5.51%
- ALL TIME*
- 5.98%
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%
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 |
FHAIX vs. DSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | 0.86% | 7.28% | 7.83% | 13.84% | -9.29% | 5.77% | 6.76% | 14.29% | -3.19% | 6.73% |
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% |
Correlation
The correlation between FHAIX and DSL is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2013 | 0.31 |
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Return for Risk
FHAIX vs. DSL — Risk / Return Rank
FHAIX
DSL
FHAIX vs. DSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) and DoubleLine Income Solutions Fund (DSL). 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.
| FHAIX | DSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.98 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | -0.13 | +1.81 |
| Martin ratioReturn relative to average drawdown | 8.08 | -0.24 | +8.32 |
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Drawdowns
FHAIX vs. DSL - Drawdown Comparison
The maximum FHAIX drawdown since its inception was -31.52%, smaller than the maximum DSL drawdown of -49.51%. Use the drawdown chart below to compare losses from any high point for FHAIX and DSL.
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Drawdown Indicators
| FHAIX | DSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -49.51% | +17.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -11.16% | +8.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -14.43% | +9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -34.18% | +19.86% |
Max Drawdown (10Y)Largest decline over 10 years | -19.49% | -49.51% | +30.02% |
Current DrawdownCurrent decline from peak | -0.65% | -6.31% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -8.70% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 5.99% | -5.40% |
Volatility
FHAIX vs. DSL - Volatility Comparison
The current volatility for Franklin High Income Fund (FHAIX) is 1.17%, while DoubleLine Income Solutions Fund (DSL) has a volatility of 3.08%. This indicates that FHAIX experiences smaller price fluctuations and is considered to be less risky than DSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAIX | DSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 3.08% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 8.23% | -4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 9.80% | -5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 14.81% | -8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.20% | 20.09% | -13.89% |
FHAIX vs. DSL - Expense Ratio Comparison
FHAIX has a 0.77% expense ratio, which is lower than DSL's 2.28% expense ratio.
Dividends
FHAIX vs. DSL - Dividend Comparison
FHAIX's dividend yield for the trailing twelve months is around 5.90%, less than DSL's 12.37% 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% |
FHAIX Franklin High Income Fund | 5.90% | 4.71% | 6.37% | 6.09% | 5.97% | 5.63% | 5.19% | 5.45% | 5.99% | 5.49% | 5.84% | 7.19% |
Frequently Asked Questions
FHAIX and DSL have a correlation of 0.27, 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 FHAIX (1.17%). In terms of maximum drawdown, FHAIX dropped -31.52% vs DSL's -49.51%.
FHAIX currently has the higher Sharpe Ratio (1.07 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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