VMSAX vs. DBLIX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) and DoubleLine Income Fund (DBLIX).

VMSAX is an actively managed fund by Vanguard. It was launched on Oct 12, 2021. DBLIX is managed by DoubleLine. It was launched on Sep 2, 2019.

Performance

VMSAX vs. DBLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) and DoubleLine Income Fund (DBLIX). The values are adjusted to include any dividend payments, if applicable.

VMSAX vs. DBLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares	-0.99%	9.08%	6.86%	10.53%	-8.42%
DBLIX DoubleLine Income Fund	0.48%	6.49%	10.61%	9.69%	-12.74%

Returns By Period

VMSAX

• 1D: 0.22%
• 1M: -1.98%
• YTD: -0.99%
• 6M: 0.66%
• 1Y: 6.00%
• 3Y*: 7.21%
• 5Y*: —
• 10Y*: —

DBLIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VMSAX vs. DBLIX - Expense Ratio Comparison

VMSAX has a 0.30% expense ratio, which is lower than DBLIX's 0.65% expense ratio.

DBLIX

DoubleLine Income Fund

VMSAX

Vanguard Multi-Sector Income Bond Fund Admiral Shares

Return for Risk

VMSAX vs. DBLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMSAX

VMSAX Risk / Return Rank: 35
VMSAX Sharpe Ratio Rank: 6
VMSAX Sortino Ratio Rank: 44
VMSAX Omega Ratio Rank: 98
VMSAX Calmar Ratio Rank: 8
VMSAX Martin Ratio Rank: 17

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.

VMSAX vs. DBLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) and DoubleLine Income Fund (DBLIX). 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.

	VMSAX	DBLIX	Difference
Sharpe ratio Return per unit of total volatility	0.05	—	—
Sortino ratio Return per unit of downside risk	1.32	—	—
Omega ratio Gain probability vs. loss probability	2.07	—	—
Calmar ratio Return relative to maximum drawdown	0.11	—	—
Martin ratio Return relative to average drawdown	1.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VMSAX	DBLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	—	—

Correlation

The correlation between VMSAX and DBLIX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VMSAX vs. DBLIX - Dividend Comparison

VMSAX's dividend yield for the trailing twelve months is around 5.17%, which matches DBLIX's 5.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares	5.17%	5.66%	6.48%	5.52%	3.76%	0.00%	0.00%	0.00%
DBLIX DoubleLine Income Fund	5.20%	6.33%	6.32%	7.44%	5.45%	4.76%	4.10%	1.30%

Drawdowns

Drawdown Indicators

	VMSAX	DBLIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.84%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-54.84%	—	—
Current Drawdown Current decline from peak	-2.03%	—	—
Average Drawdown Average peak-to-trough decline	-3.21%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	—	—

Volatility

Volatility by Period

	VMSAX	DBLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	112.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	133.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.65%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.65%	—	—