PDVAX vs. DBSCX
PDVAX (PIMCO Diversified Income Fund Class A) and DBSCX (Doubleline Selective Credit Fund) are both Multisector Bonds funds. Over the past 10 years, PDVAX returned 3.87%/yr vs 4.59%/yr for DBSCX. At a 0.45 correlation, their price movements are largely independent. PDVAX charges 1.21%/yr vs 0.05%/yr for DBSCX.
Performance
PDVAX vs. DBSCX - Performance Comparison
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Returns By Period
In the year-to-date period, PDVAX achieves a 1.58% return, which is significantly lower than DBSCX's 1.99% return. Over the past 10 years, PDVAX has underperformed DBSCX with an annualized return of 3.87%, while DBSCX has yielded a comparatively higher 4.59% annualized return.
PDVAX
- 1D
- 0.10%
- 1M
- 1.45%
- YTD
- 1.58%
- 6M
- 2.22%
- 1Y
- 8.30%
- 3Y*
- 8.08%
- 5Y*
- 2.01%
- 10Y*
- 3.87%
DBSCX
- 1D
- 0.13%
- 1M
- 0.66%
- YTD
- 1.99%
- 6M
- 2.07%
- 1Y
- 6.43%
- 3Y*
- 7.71%
- 5Y*
- 3.82%
- 10Y*
- 4.59%
PDVAX vs. DBSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDVAX PIMCO Diversified Income Fund Class A | 1.58% | 9.98% | 5.93% | 9.55% | -14.97% | -0.06% | 5.98% | 12.59% | -1.37% | 8.43% |
DBSCX Doubleline Selective Credit Fund | 1.99% | 8.46% | 7.78% | 8.55% | -8.10% | 4.13% | 1.83% | 5.68% | 3.03% | 8.75% |
Correlation
The correlation between PDVAX and DBSCX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.45 |
The correlation between PDVAX and DBSCX shifts across timeframes, from 0.45 (all time) to 0.75 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PDVAX vs. DBSCX — Risk / Return Rank
PDVAX
DBSCX
PDVAX vs. DBSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Diversified Income Fund Class A (PDVAX) 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.
| PDVAX | DBSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.75 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 4.89 | -2.53 |
| Martin ratioReturn relative to average drawdown | 9.47 | 19.84 | -10.37 |
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Drawdowns
PDVAX vs. DBSCX - Drawdown Comparison
The maximum PDVAX drawdown since its inception was -22.13%, which is greater than DBSCX's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for PDVAX and DBSCX.
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Drawdown Indicators
| PDVAX | DBSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.13% | -14.12% | -8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -1.32% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -1.91% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -9.52% | -11.33% |
Max Drawdown (10Y)Largest decline over 10 years | -20.85% | -14.12% | -6.73% |
Current DrawdownCurrent decline from peak | -0.20% | -0.13% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -1.24% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.32% | +0.56% |
Volatility
PDVAX vs. DBSCX - Volatility Comparison
PIMCO Diversified Income Fund Class A (PDVAX) has a higher volatility of 1.21% compared to Doubleline Selective Credit Fund (DBSCX) at 0.65%. This indicates that PDVAX's price experiences larger fluctuations and is considered to be riskier than DBSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDVAX | DBSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.65% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 1.54% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 2.01% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 2.72% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 2.91% | +1.95% |
PDVAX vs. DBSCX - Expense Ratio Comparison
PDVAX has a 1.21% expense ratio, which is higher than DBSCX's 0.05% expense ratio.
Dividends
PDVAX vs. DBSCX - Dividend Comparison
PDVAX's dividend yield for the trailing twelve months is around 5.11%, less than DBSCX's 6.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBSCX Doubleline Selective Credit Fund | 6.55% | 6.50% | 7.09% | 6.77% | 6.67% | 4.68% | 4.64% | 6.04% | 7.43% | 9.01% | 9.73% | 9.53% |
PDVAX PIMCO Diversified Income Fund Class A | 5.11% | 5.03% | 4.79% | 3.92% | 3.56% | 3.17% | 3.28% | 4.65% | 4.05% | 4.45% | 4.55% | 7.25% |
Frequently Asked Questions
PDVAX and DBSCX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDVAX has higher volatility (1.21%) compared to DBSCX (0.65%). In terms of maximum drawdown, PDVAX dropped -22.13% vs DBSCX's -14.12%.
DBSCX currently has the higher Sharpe Ratio (3.21 vs 2.19), 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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