PLDTX vs. DLSNX

Last updated Aug 4, 2026

PLDTX (PIMCO Low Duration II Fund) and DLSNX (DoubleLine Low Duration Bond Fund Class N) are both Short-Term Bond funds. Over the past 10 years, PLDTX returned 1.76%/yr vs 2.52%/yr for DLSNX. Their 0.48 correlation means their historical movements had little consistent relationship. PLDTX charges 0.50%/yr vs 0.70%/yr for DLSNX.

Performance

PLDTX vs. DLSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Low Duration II Fund (PLDTX) and DoubleLine Low Duration Bond Fund Class N (DLSNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLDTX achieves a 0.10% return, which is significantly lower than DLSNX's 0.90% return. Over the past 10 years, PLDTX has underperformed DLSNX with an annualized return of 1.76%, while DLSNX has yielded a comparatively higher 2.52% annualized return.

PLDTX

• 1D: -0.11%
• 1M: -0.43%
• 6M: -0.09%
• YTD: 0.10%
• 1Y: 2.20%
• 3Y*: 4.28%
• 5Y*: 1.56%
• 10Y*: 1.76%
• ALL TIME*: 3.62%

DLSNX

• 1D: -0.42%
• 1M: -0.31%
• 6M: 0.59%
• YTD: 0.90%
• 1Y: 2.87%
• 3Y*: 4.90%
• 5Y*: 2.87%
• 10Y*: 2.52%
• ALL TIME*: 2.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DLSNX DoubleLine Low Duration Bond Fund Class N	$0.00	$0.00	$0.00
PLDTX PIMCO Low Duration II Fund	$0.00	$0.00	$0.00

PLDTX vs. DLSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLDTX PIMCO Low Duration II Fund	0.10%	5.47%	4.55%	4.21%	-5.14%	-1.03%	3.44%	3.83%	0.63%	1.66%
DLSNX DoubleLine Low Duration Bond Fund Class N	0.90%	5.49%	5.06%	6.50%	-3.04%	0.56%	1.76%	4.47%	1.15%	2.30%

Correlation

The correlation between PLDTX and DLSNX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.57
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011	0.48

The correlation between PLDTX and DLSNX shifts across timeframes, from 0.48 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PLDTX vs. DLSNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PLDTX

PLDTX Risk / Return Rank: 48
PLDTX Sharpe Ratio Rank: 41
PLDTX Sortino Ratio Rank: 57
PLDTX Omega Ratio Rank: 59
PLDTX Calmar Ratio Rank: 43
PLDTX Martin Ratio Rank: 42

DLSNX

DLSNX Risk / Return Rank: 95
DLSNX Sharpe Ratio Rank: 94
DLSNX Sortino Ratio Rank: 93
DLSNX Omega Ratio Rank: 96
DLSNX Calmar Ratio Rank: 95
DLSNX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PLDTX vs. DLSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration II Fund (PLDTX) 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.

	PLDTX	DLSNX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.50	-1.16
Sortino ratio: Return per unit of downside risk	2.26	3.70	-1.44
Omega ratio: Gain probability vs. loss probability	1.30	1.63	-0.33
Calmar ratio: Return relative to maximum drawdown	1.86	4.43	-2.57
Martin ratio: Return relative to average drawdown	6.57	20.24	-13.67

PLDTX vs. DLSNX - Sharpe Ratio Comparison

The current PLDTX Sharpe Ratio is 1.34, which is lower than the DLSNX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of PLDTX and DLSNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLDTX vs. DLSNX - Drawdown Comparison

The maximum PLDTX drawdown since its inception was -7.60%, roughly equal to the maximum DLSNX drawdown of -7.46%. Use the drawdown chart below to compare losses from any high point for PLDTX and DLSNX.

Drawdown Indicators

	PLDTX	DLSNX	Difference
Max Drawdown Largest peak-to-trough decline	-7.60%	-7.46%	-0.14%
Max Drawdown (1Y) Largest decline over 1 year	-1.49%	-0.72%	-0.77%
Max Drawdown (3Y) Largest decline over 3 years	-1.49%	-0.72%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	-7.42%	-4.91%	-2.51%
Max Drawdown (10Y) Largest decline over 10 years	-7.60%	-7.46%	-0.14%
Current Drawdown Current decline from peak	-0.59%	-0.42%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.71%	-0.41%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	0.16%	+0.26%

Volatility

PLDTX vs. DLSNX - Volatility Comparison

PIMCO Low Duration II Fund (PLDTX) and DoubleLine Low Duration Bond Fund Class N (DLSNX) have volatilities of 0.56% and 0.56%, 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.

Volatility by Period

	PLDTX	DLSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	0.56%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	1.63%	1.03%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	2.09%	1.28%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.42%	1.44%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.97%	1.58%	+0.39%

PLDTX vs. DLSNX - Expense Ratio Comparison

PLDTX has a 0.50% expense ratio, which is lower than DLSNX's 0.70% expense ratio.

Dividends

PLDTX vs. DLSNX - Dividend Comparison

PLDTX's dividend yield for the trailing twelve months is around 3.50%, less than DLSNX's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLSNX DoubleLine Low Duration Bond Fund Class N	3.91%	4.40%	4.85%	4.25%	2.24%	1.47%	2.12%	2.96%	2.67%	2.18%	2.27%	2.22%
PLDTX PIMCO Low Duration II Fund	3.50%	3.79%	3.99%	3.55%	1.28%	0.29%	1.23%	2.72%	2.18%	1.45%	1.76%	1.60%

Frequently Asked Questions

Can I hold both PLDTX and DLSNX in my portfolio?

PLDTX and DLSNX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLDTX or DLSNX?

DLSNX has higher volatility (0.56%) compared to PLDTX (0.56%). In terms of maximum drawdown, PLDTX dropped -7.60% vs DLSNX's -7.46%.

Which has better risk-adjusted returns?

DLSNX currently has the higher Sharpe Ratio (2.50 vs 1.34), 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.