DLY vs VTI
DoubleLine Yield Opportunities Fund vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | DLY | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 3.38% | 0.03% | |
| AUM | $735M | $663.5B | |
| Dividend Yield | 9.24% | 1.07% | |
| Holdings | 490 | 3,543 | |
| YTD Return | +2.84% | +14.22% | |
| 1Y Return | +0.93% | +22.19% | |
| 3Y Return (annualized) | +7.28% | +21.27% | |
| 5Y Return (annualized) | +2.40% | +12.23% | |
| Volatility (annualized) | 13.3% | 15.3% | |
| Max Drawdown | -28.6% | -56.6% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 26, 2020 | May 24, 2001 |
DLY vs VTI Performance
DoubleLine Yield Opportunities Fund (DLY) is a ETF from DoubleLine Funds and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year DLY returned +0.93% while VTI returned +22.19%. Year to date, DLY is up 2.84% versus a gain of 14.22% for VTI.
Over three years, DLY compounded at +7.28% per year against +21.27% for VTI; over five years the annualized figures are +2.40% and +12.23% respectively. Across the full 7-year window we track, VTI has the edge at +8.14% annualized vs +2.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.3% for DLY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.6% for DLY and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DLY charges 3.38% per year while VTI charges 0.03%. On a $10,000 position that is $338 vs $3 annually, a gap of $335 per year that compounds over a long holding period. On income, DLY currently yields 9.24% against 1.07% for VTI.
Holdings Overlap
DLY and VTI share 1 holdings out of 2783 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DLY | Weight in VTI | Difference |
|---|---|---|---|
| AGNC | 0.90% | 0.02% | 0.88% |
Frequently Asked Questions
Which is cheaper, DLY or VTI?
DLY has an expense ratio of 3.38% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $335 per year of difference.
Which performed better, DLY or VTI?
Over the past year DLY returned +0.93% vs +22.19% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (7 years), DLY annualized +2.25% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, DLY or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 13.3% for DLY. Worst drawdown: DLY -28.6% vs VTI -56.6%.
Should I hold both DLY and VTI?
DLY and VTI have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DLY and VTI?
DLY and VTI share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2783 unique securities.
Which pays a higher dividend, DLY or VTI?
DLY yields 9.24% while VTI yields 1.07%, so DLY currently pays the higher dividend yield.
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