PDI vs. DSL
PDI (PIMCO Dynamic Income Fund) is a stock, while DSL (DoubleLine Income Solutions Fund) is High Yield Bonds fund managed by DoubleLine. Over the past 10 years, PDI returned 7.56%/yr vs 5.21%/yr for DSL. At a 0.40 correlation, their price movements are largely independent.
Performance
PDI vs. DSL - Performance Comparison
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Returns By Period
In the year-to-date period, PDI achieves a 0.27% return, which is significantly lower than DSL's 1.29% return. Over the past 10 years, PDI has outperformed DSL with an annualized return of 7.56%, while DSL has yielded a comparatively lower 5.21% annualized return.
PDI
- 1D
- -0.54%
- 1M
- -4.51%
- YTD
- 0.27%
- 6M
- -0.40%
- 1Y
- 1.93%
- 3Y*
- 10.92%
- 5Y*
- 2.42%
- 10Y*
- 7.56%
DSL
- 1D
- -0.09%
- 1M
- -1.36%
- YTD
- 1.29%
- 6M
- 2.38%
- 1Y
- -0.92%
- 3Y*
- 8.54%
- 5Y*
- 0.87%
- 10Y*
- 5.21%
PDI vs. DSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 0.27% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
DSL DoubleLine Income Solutions Fund | 1.29% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | -6.49% | 25.10% | -6.04% | 16.39% |
Correlation
The correlation between PDI and DSL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2013 | 0.40 |
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Return for Risk
PDI vs. DSL — Risk / Return Rank
PDI
DSL
PDI vs. DSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Fund (PDI) and DoubleLine Income Solutions Fund (DSL). 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.
| PDI | DSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.99 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.08 | +0.26 |
| Martin ratioReturn relative to average drawdown | 0.39 | -0.17 | +0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDI | DSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | -0.10 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.06 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.26 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.21 | +0.38 |
Drawdowns
PDI vs. DSL - Drawdown Comparison
The maximum PDI drawdown since its inception was -46.47%, smaller than the maximum DSL drawdown of -49.51%. Use the drawdown chart below to compare losses from any high point for PDI and DSL.
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Drawdown Indicators
| PDI | DSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -49.51% | +3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -11.16% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -14.43% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -34.18% | +6.95% |
Max Drawdown (10Y)Largest decline over 10 years | -46.47% | -49.51% | +3.04% |
Current DrawdownCurrent decline from peak | -7.57% | -6.46% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -8.74% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 5.59% | -0.61% |
Volatility
PDI vs. DSL - Volatility Comparison
The current volatility for PIMCO Dynamic Income Fund (PDI) is 3.21%, while DoubleLine Income Solutions Fund (DSL) has a volatility of 3.53%. This indicates that PDI experiences smaller price fluctuations and is considered to be less risky than DSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDI | DSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.53% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 7.56% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 9.28% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 14.84% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 20.10% | -1.05% |
Dividends
PDI vs. DSL - Dividend Comparison
PDI's dividend yield for the trailing twelve months is around 15.84%, more than DSL's 12.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 12.14% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
PDI PIMCO Dynamic Income Fund | 15.84% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
PDI and DSL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSL has higher volatility (3.53%) compared to PDI (3.21%). In terms of maximum drawdown, PDI dropped -46.47% vs DSL's -49.51%.
PDI currently has the higher Sharpe Ratio (0.17 vs -0.10), 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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