MIXIX vs. DLSNX
MIXIX (MainStay Short Term Bond Fund) and DLSNX (DoubleLine Low Duration Bond Fund Class N) are both Short-Term Bond funds. Over the past 10 years, MIXIX returned 2.22%/yr vs 2.58%/yr for DLSNX. At a 0.48 correlation, their price movements are largely independent. MIXIX charges 0.40%/yr vs 0.70%/yr for DLSNX.
Performance
MIXIX vs. DLSNX - Performance Comparison
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Returns By Period
In the year-to-date period, MIXIX achieves a 0.95% return, which is significantly lower than DLSNX's 1.22% return. Over the past 10 years, MIXIX has underperformed DLSNX with an annualized return of 2.22%, while DLSNX has yielded a comparatively higher 2.58% annualized return.
MIXIX
- 1D
- 0.11%
- 1M
- 0.04%
- 6M
- 0.84%
- YTD
- 0.95%
- 1Y
- 3.46%
- 3Y*
- 4.83%
- 5Y*
- 2.14%
- 10Y*
- 2.22%
DLSNX
- 1D
- 0.10%
- 1M
- 0.15%
- 6M
- 1.01%
- YTD
- 1.22%
- 1Y
- 3.79%
- 3Y*
- 5.10%
- 5Y*
- 2.94%
- 10Y*
- 2.58%
MIXIX vs. DLSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIXIX MainStay Short Term Bond Fund | 0.95% | 5.26% | 5.03% | 4.80% | -4.17% | -0.40% | 3.25% | 8.49% | -0.57% | 3.00% |
DLSNX DoubleLine Low Duration Bond Fund Class N | 1.22% | 5.49% | 5.06% | 6.50% | -3.04% | 0.56% | 1.76% | 4.47% | 1.15% | 2.30% |
Correlation
The correlation between MIXIX and DLSNX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.48 |
Over the past year, MIXIX and DLSNX have become more correlated (0.68) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
MIXIX vs. DLSNX — Risk / Return Rank
MIXIX
DLSNX
MIXIX vs. DLSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Short Term Bond Fund (MIXIX) and DoubleLine Low Duration Bond Fund Class N (DLSNX). 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.
| MIXIX | DLSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.84 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 5.27 | -1.41 |
| Martin ratioReturn relative to average drawdown | 17.37 | 24.79 | -7.42 |
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Drawdowns
MIXIX vs. DLSNX - Drawdown Comparison
The maximum MIXIX drawdown since its inception was -9.13%, which is greater than DLSNX's maximum drawdown of -7.46%. Use the drawdown chart below to compare losses from any high point for MIXIX and DLSNX.
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Drawdown Indicators
| MIXIX | DLSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.13% | -7.46% | -1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.72% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -0.87% | -0.72% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -6.71% | -4.91% | -1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -9.13% | -7.46% | -1.67% |
Current DrawdownCurrent decline from peak | -0.11% | -0.10% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -0.41% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.15% | +0.04% |
Volatility
MIXIX vs. DLSNX - Volatility Comparison
MainStay Short Term Bond Fund (MIXIX) and DoubleLine Low Duration Bond Fund Class N (DLSNX) have volatilities of 0.48% and 0.46%, 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
| MIXIX | DLSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.46% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 0.93% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 1.20% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 1.42% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 1.58% | +1.00% |
MIXIX vs. DLSNX - Expense Ratio Comparison
MIXIX has a 0.40% expense ratio, which is lower than DLSNX's 0.70% expense ratio.
Dividends
MIXIX vs. DLSNX - Dividend Comparison
MIXIX's dividend yield for the trailing twelve months is around 4.43%, more than DLSNX's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLSNX DoubleLine Low Duration Bond Fund Class N | 4.28% | 4.40% | 4.85% | 4.25% | 2.24% | 1.47% | 2.12% | 2.96% | 2.67% | 2.18% | 2.27% | 2.22% |
MIXIX MainStay Short Term Bond Fund | 4.43% | 4.47% | 5.14% | 4.45% | 2.25% | 1.35% | 11.03% | 4.83% | 2.68% | 2.58% | 3.92% | 3.61% |
Frequently Asked Questions
MIXIX and DLSNX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIXIX has higher volatility (0.48%) compared to DLSNX (0.46%). In terms of maximum drawdown, MIXIX dropped -9.13% vs DLSNX's -7.46%.
DLSNX currently has the higher Sharpe Ratio (3.18 vs 2.31), 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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