GMODX vs. DFLEX
GMODX (GMO Opportunistic Income Fund) and DFLEX (DoubleLine Flexible Income Fund) are both Nontraditional Bonds funds. Over the past 10 years, GMODX returned 4.17%/yr vs 3.60%/yr for DFLEX. Their 0.40 correlation means their historical movements had little consistent relationship. GMODX charges 0.47%/yr vs 0.74%/yr for DFLEX.
Performance
GMODX vs. DFLEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GMODX achieves a 1.42% return, which is significantly lower than DFLEX's 1.97% return. Over the past 10 years, GMODX has outperformed DFLEX with an annualized return of 4.17%, while DFLEX has yielded a comparatively lower 3.60% annualized return.
GMODX
- 1D
- -0.04%
- 1M
- 0.08%
- 6M
- 1.16%
- YTD
- 1.42%
- 1Y
- 3.67%
- 3Y*
- 5.78%
- 5Y*
- 3.81%
- 10Y*
- 4.17%
- ALL TIME*
- 3.98%
DFLEX
- 1D
- 0.12%
- 1M
- 0.12%
- 6M
- 1.43%
- YTD
- 1.97%
- 1Y
- 4.43%
- 3Y*
- 7.23%
- 5Y*
- 3.12%
- 10Y*
- 3.60%
- ALL TIME*
- 3.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GMODX vs. DFLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMODX GMO Opportunistic Income Fund | 1.42% | 6.47% | 6.11% | 7.07% | -2.09% | 2.83% | 3.34% | 3.83% | 4.01% | 6.41% |
DFLEX DoubleLine Flexible Income Fund | 1.97% | 6.58% | 8.65% | 7.84% | -8.48% | 3.79% | 2.93% | 7.21% | 0.10% | 5.27% |
Correlation
The correlation between GMODX and DFLEX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2014 | 0.40 |
The correlation between GMODX and DFLEX shifts across timeframes, from 0.40 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GMODX vs. DFLEX — Risk / Return Rank
GMODX
DFLEX
GMODX vs. DFLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Opportunistic Income Fund (GMODX) and DoubleLine Flexible Income Fund (DFLEX). 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.
| GMODX | DFLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.92 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | 5.16 | +1.27 |
| Martin ratioReturn relative to average drawdown | 26.64 | 22.72 | +3.92 |
Loading charts...
Drawdowns
GMODX vs. DFLEX - Drawdown Comparison
The maximum GMODX drawdown since its inception was -8.79%, smaller than the maximum DFLEX drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for GMODX and DFLEX.
Loading charts...
Drawdown Indicators
| GMODX | DFLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.79% | -17.29% | +8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.65% | -0.91% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.97% | -1.15% | -3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -5.79% | -11.00% | +5.21% |
Max Drawdown (10Y)Largest decline over 10 years | -8.79% | -17.29% | +8.50% |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -1.54% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 0.21% | -0.05% |
Volatility
GMODX vs. DFLEX - Volatility Comparison
The current volatility for GMO Opportunistic Income Fund (GMODX) is 0.33%, while DoubleLine Flexible Income Fund (DFLEX) has a volatility of 0.39%. This indicates that GMODX experiences smaller price fluctuations and is considered to be less risky than DFLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GMODX | DFLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.39% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 1.11% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 1.39% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 1.94% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.04% | 2.73% | +0.31% |
GMODX vs. DFLEX - Expense Ratio Comparison
GMODX has a 0.47% expense ratio, which is lower than DFLEX's 0.74% expense ratio.
Dividends
GMODX vs. DFLEX - Dividend Comparison
GMODX's dividend yield for the trailing twelve months is around 4.56%, less than DFLEX's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFLEX DoubleLine Flexible Income Fund | 5.05% | 5.68% | 6.05% | 5.95% | 4.72% | 3.86% | 3.96% | 4.46% | 4.46% | 3.82% | 3.75% | 4.32% |
GMODX GMO Opportunistic Income Fund | 4.56% | 4.99% | 5.28% | 6.17% | 5.44% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% |
Frequently Asked Questions
GMODX and DFLEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFLEX has higher volatility (0.39%) compared to GMODX (0.33%). In terms of maximum drawdown, GMODX dropped -8.79% vs DFLEX's -17.29%.
DFLEX currently has the higher Sharpe Ratio (3.37 vs 3.19), 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.
Find the right allocation for GMODX and DFLEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer