LFLIX vs. DLY
LFLIX (BrandywineGLOBAL - Flexible Bond Fund) and DLY (DoubleLine Yield Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, LFLIX returned 2.34%/yr vs 1.82%/yr for DLY. At a 0.33 correlation, their price movements are largely independent. LFLIX charges 0.75%/yr vs 2.91%/yr for DLY.
Performance
LFLIX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, LFLIX achieves a 3.03% return, which is significantly higher than DLY's -0.77% return.
LFLIX
- 1D
- -0.21%
- 1M
- 1.38%
- YTD
- 3.03%
- 6M
- 3.59%
- 1Y
- 8.28%
- 3Y*
- 6.56%
- 5Y*
- 2.34%
- 10Y*
- —
DLY
- 1D
- -0.51%
- 1M
- -0.75%
- YTD
- -0.77%
- 6M
- -0.43%
- 1Y
- -2.41%
- 3Y*
- 8.11%
- 5Y*
- 1.82%
- 10Y*
- —
LFLIX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 3.03% | 8.82% | 2.95% | 9.57% | -10.87% | 1.05% | 11.98% |
DLY DoubleLine Yield Opportunities Fund | -0.77% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -1.90% |
Correlation
The correlation between LFLIX and DLY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.33 |
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Return for Risk
LFLIX vs. DLY — Risk / Return Rank
LFLIX
DLY
LFLIX vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Flexible Bond Fund (LFLIX) and DoubleLine Yield Opportunities Fund (DLY). 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.
| LFLIX | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.95 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | -0.28 | +3.38 |
| Martin ratioReturn relative to average drawdown | 10.72 | -0.68 | +11.40 |
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Drawdowns
LFLIX vs. DLY - Drawdown Comparison
The maximum LFLIX drawdown since its inception was -16.73%, smaller than the maximum DLY drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for LFLIX and DLY.
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Drawdown Indicators
| LFLIX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.73% | -28.61% | +11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -8.74% | +6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -10.81% | +3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -28.61% | +11.88% |
Current DrawdownCurrent decline from peak | -0.52% | -4.86% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -7.80% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 3.54% | -2.76% |
Volatility
LFLIX vs. DLY - Volatility Comparison
The current volatility for BrandywineGLOBAL - Flexible Bond Fund (LFLIX) is 1.42%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.63%. This indicates that LFLIX experiences smaller price fluctuations and is considered to be less risky than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFLIX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.63% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 6.89% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 8.16% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 13.58% | -7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 15.01% | -9.92% |
LFLIX vs. DLY - Expense Ratio Comparison
LFLIX has a 0.75% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
LFLIX vs. DLY - Dividend Comparison
LFLIX's dividend yield for the trailing twelve months is around 6.93%, less than DLY's 10.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 10.19% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% |
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 6.93% | 6.67% | 8.94% | 5.36% | 3.28% | 2.90% | 3.62% | 6.04% | 3.67% | 3.06% |
Frequently Asked Questions
LFLIX and DLY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.63%) compared to LFLIX (1.42%). In terms of maximum drawdown, LFLIX dropped -16.73% vs DLY's -28.61%.
LFLIX currently has the higher Sharpe Ratio (2.04 vs -0.30), 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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