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 2.27%/yr vs 2.25%/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 3.18% return, which is significantly higher than DLY's 2.04% return.
LFLIX
- 1D
- 0.21%
- 1M
- 0.25%
- 6M
- 2.53%
- YTD
- 3.18%
- 1Y
- 7.89%
- 3Y*
- 6.82%
- 5Y*
- 2.27%
- 10Y*
- —
DLY
- 1D
- 0.07%
- 1M
- 2.58%
- 6M
- 0.52%
- YTD
- 2.04%
- 1Y
- 1.28%
- 3Y*
- 8.50%
- 5Y*
- 2.25%
- 10Y*
- —
LFLIX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 3.18% | 8.82% | 2.95% | 9.57% | -10.87% | 1.05% | 11.98% |
DLY DoubleLine Yield Opportunities Fund | 2.04% | 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 | 0.34 |
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 | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.03 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 0.12 | +2.71 |
| Martin ratioReturn relative to average drawdown | 9.96 | 0.28 | +9.68 |
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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 | -0.38% | -2.16% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -7.76% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 3.61% | -2.84% |
Volatility
LFLIX vs. DLY - Volatility Comparison
The current volatility for BrandywineGLOBAL - Flexible Bond Fund (LFLIX) is 1.00%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.77%. 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 | 1.00% | 1.77% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 6.92% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 8.23% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 13.57% | -7.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 14.96% | -9.88% |
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 6.63%, less than DLY's 9.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 9.91% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% |
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 6.63% | 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 (1.77%) compared to LFLIX (1.00%). In terms of maximum drawdown, LFLIX dropped -16.73% vs DLY's -28.61%.
LFLIX currently has the higher Sharpe Ratio (1.90 vs 0.12), 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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