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QFITX vs. DFLEX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QFITX vs. DFLEX

Last updated Jun 24, 2026

QFITX (Quantified Tactical Fixed Income Fund) and DFLEX (DoubleLine Flexible Income Fund) are both Nontraditional Bonds funds. Over the past 5 years, QFITX returned -1.30%/yr vs 3.19%/yr for DFLEX. At a 0.26 correlation, their price movements are largely independent. QFITX charges 1.56%/yr vs 0.74%/yr for DFLEX.

Performance

QFITX vs. DFLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantified Tactical Fixed Income Fund (QFITX) and DoubleLine Flexible Income Fund (DFLEX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QFITX achieves a -4.59% return, which is significantly lower than DFLEX's 1.72% return.

QFITX

1D
0.00%
1M
-0.51%
YTD
-4.59%
6M
-4.52%
1Y
-6.65%
3Y*
-6.12%
5Y*
-1.30%
10Y*
—

DFLEX

1D
0.00%
1M
0.57%
YTD
1.72%
6M
1.83%
1Y
5.29%
3Y*
7.36%
5Y*
3.19%
10Y*
3.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QFITX vs. DFLEX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
QFITX
Quantified Tactical Fixed Income Fund		-4.59%-7.64%-1.03%-6.54%-22.87%36.77%10.36%2.31%
DFLEX
DoubleLine Flexible Income Fund		1.72%6.58%8.65%7.84%-8.48%3.79%2.93%1.42%

Correlation

The correlation between QFITX and DFLEX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2019

0.26

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Quantified Tactical Fixed Income Fund

DoubleLine Flexible Income Fund

Often compared with QFITX:
QFITX vs. VOOQFITX vs. QSTFXQFITX vs. APFPXQFITX vs. SFHYXQFITX vs. SUBFXQFITX vs. OTRFXQFITX vs. CBYYX
Often compared with DFLEX:
DFLEX vs. VIITXDFLEX vs. CGMSDFLEX vs. VFSUXDFLEX vs. DODLXDFLEX vs. VTSAXDFLEX vs. GMODXDFLEX vs. STBNX

Return for Risk

QFITX vs. DFLEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QFITX
QFITX Risk / Return Rank: 00
Overall Rank
QFITX Sharpe Ratio Rank: 00
Sharpe Ratio Rank
QFITX Sortino Ratio Rank: 00
Sortino Ratio Rank
QFITX Omega Ratio Rank: 00
Omega Ratio Rank
QFITX Calmar Ratio Rank: 11
Calmar Ratio Rank
QFITX Martin Ratio Rank: 00
Martin Ratio Rank
DFLEX
DFLEX Risk / Return Rank: 9898
Overall Rank
DFLEX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
DFLEX Sortino Ratio Rank: 9898
Sortino Ratio Rank
DFLEX Omega Ratio Rank: 9898
Omega Ratio Rank
DFLEX Calmar Ratio Rank: 9696
Calmar Ratio Rank
DFLEX Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QFITX vs. DFLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantified Tactical Fixed Income Fund (QFITX) and DoubleLine Flexible Income Fund (DFLEX). 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.

QFITXDFLEXDifference
Sharpe ratioReturn per unit of total volatility
-1.13
3.98

-5.10

Sortino ratioReturn per unit of downside risk
-1.50
6.76

-8.25

Omega ratioGain probability vs. loss probability

0.81

2.16

-1.35

Calmar ratioReturn relative to maximum drawdown

-0.71

5.97

-6.67

Martin ratioReturn relative to average drawdown

-1.46

26.70

-28.15

QFITX vs. DFLEX - Sharpe Ratio Comparison

The current QFITX Sharpe Ratio is -1.13, which is lower than the DFLEX Sharpe Ratio of 3.98. The chart below compares the historical Sharpe Ratios of QFITX and DFLEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QFITX vs. DFLEX - Drawdown Comparison

The maximum QFITX drawdown since its inception was -38.03%, which is greater than DFLEX's maximum drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for QFITX and DFLEX.

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Drawdown Indicators

QFITXDFLEXDifference

Max Drawdown

Largest peak-to-trough decline

-38.03%

-17.29%

-20.74%

Max Drawdown (1Y)

Largest decline over 1 year

-8.67%

-0.91%

-7.76%

Max Drawdown (3Y)

Largest decline over 3 years

-20.64%

-1.15%

-19.49%

Max Drawdown (5Y)

Largest decline over 5 years

-38.03%

-11.00%

-27.03%

Max Drawdown (10Y)

Largest decline over 10 years

—

-17.29%

—

Current Drawdown

Current decline from peak

-37.67%

-0.11%

-37.56%

Average Drawdown

Average peak-to-trough decline

-19.36%

-1.55%

-17.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.18%

0.20%

+3.98%

Volatility

QFITX vs. DFLEX - Volatility Comparison

Quantified Tactical Fixed Income Fund (QFITX) has a higher volatility of 1.10% compared to DoubleLine Flexible Income Fund (DFLEX) at 0.55%. This indicates that QFITX's price experiences larger fluctuations and is considered to be riskier than DFLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QFITXDFLEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.10%

0.55%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

4.18%

1.07%

+3.11%

Volatility (1Y)

Calculated over the trailing 1-year period

5.45%

1.37%

+4.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.20%

1.94%

+19.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.20%

2.73%

+17.47%

QFITX vs. DFLEX - Expense Ratio Comparison

QFITX has a 1.56% expense ratio, which is higher than DFLEX's 0.74% expense ratio.

Dividends

QFITX vs. DFLEX - Dividend Comparison

QFITX's dividend yield for the trailing twelve months is around 16.08%, more than DFLEX's 5.53% yield.

PositionTTM20252024202320222021202020192018201720162015
DFLEX
DoubleLine Flexible Income Fund		5.53%5.68%6.05%5.95%4.72%3.86%3.96%4.46%4.46%3.82%3.75%4.32%
QFITX
Quantified Tactical Fixed Income Fund		16.08%12.72%3.70%0.08%0.15%29.15%2.12%4.28%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QFITX and DFLEX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QFITX has higher volatility (1.10%) compared to DFLEX (0.55%). In terms of maximum drawdown, QFITX dropped -38.03% vs DFLEX's -17.29%.

DFLEX currently has the higher Sharpe Ratio (3.98 vs -1.13), 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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