HICOX vs. DBSCX
HICOX (Colorado Bond Shares A Tax Exempt Fund) and DBSCX (Doubleline Selective Credit Fund) are both mutual funds - HICOX is a Municipal Bonds fund managed by Freedom Funds, while DBSCX is a Multisector Bonds fund managed by DoubleLine. Over the past 10 years, HICOX returned 4.13%/yr vs 4.54%/yr for DBSCX. At a 0.32 correlation, their price movements are largely independent. HICOX charges 0.55%/yr vs 0.05%/yr for DBSCX.
Performance
HICOX vs. DBSCX - Performance Comparison
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Returns By Period
In the year-to-date period, HICOX achieves a 2.68% return, which is significantly higher than DBSCX's 1.85% return. Over the past 10 years, HICOX has underperformed DBSCX with an annualized return of 4.13%, while DBSCX has yielded a comparatively higher 4.54% annualized return.
HICOX
- 1D
- 0.00%
- 1M
- 1.33%
- YTD
- 2.68%
- 6M
- 2.80%
- 1Y
- 6.68%
- 3Y*
- 6.02%
- 5Y*
- 3.11%
- 10Y*
- 4.13%
DBSCX
- 1D
- -0.13%
- 1M
- 0.52%
- YTD
- 1.85%
- 6M
- 1.93%
- 1Y
- 6.01%
- 3Y*
- 7.62%
- 5Y*
- 3.80%
- 10Y*
- 4.54%
HICOX vs. DBSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 2.68% | 4.36% | 8.64% | 5.10% | -6.14% | 4.44% | 4.69% | 6.42% | 4.64% | 5.63% |
DBSCX Doubleline Selective Credit Fund | 1.85% | 8.46% | 7.78% | 8.55% | -8.10% | 4.13% | 1.83% | 5.68% | 3.03% | 8.75% |
Correlation
The correlation between HICOX and DBSCX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.32 |
The correlation between HICOX and DBSCX shifts across timeframes, from 0.24 (1 year) to 0.46 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HICOX vs. DBSCX — Risk / Return Rank
HICOX
DBSCX
HICOX vs. DBSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) and Doubleline Selective Credit Fund (DBSCX). 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.
| HICOX | DBSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 2.00 | 1.72 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.39 | 4.78 | +1.61 |
| Martin ratioReturn relative to average drawdown | 24.44 | 19.37 | +5.07 |
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Drawdowns
HICOX vs. DBSCX - Drawdown Comparison
The maximum HICOX drawdown since its inception was -11.00%, smaller than the maximum DBSCX drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for HICOX and DBSCX.
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Drawdown Indicators
| HICOX | DBSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.00% | -14.12% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -1.32% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -1.91% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -9.66% | -9.52% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -9.66% | -14.12% | +4.46% |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -1.24% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.33% | -0.05% |
Volatility
HICOX vs. DBSCX - Volatility Comparison
Colorado Bond Shares A Tax Exempt Fund (HICOX) and Doubleline Selective Credit Fund (DBSCX) have volatilities of 0.62% and 0.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HICOX | DBSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.63% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.55% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 2.02% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 2.72% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 2.91% | +0.18% |
HICOX vs. DBSCX - Expense Ratio Comparison
HICOX has a 0.55% expense ratio, which is higher than DBSCX's 0.05% expense ratio.
Dividends
HICOX vs. DBSCX - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 4.29%, less than DBSCX's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 6.56% | 6.50% | 7.09% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% |
HICOX Colorado Bond Shares A Tax Exempt Fund | 4.29% | 3.98% | 6.34% | 2.53% | 2.85% | 3.60% | 3.64% | 4.11% | 4.54% | 4.56% | 5.49% | 4.32% |
Frequently Asked Questions
HICOX and DBSCX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBSCX has higher volatility (0.63%) compared to HICOX (0.62%). In terms of maximum drawdown, HICOX dropped -11.00% vs DBSCX's -14.12%.
HICOX currently has the higher Sharpe Ratio (3.18 vs 3.13), 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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