DLY vs MUSI
DoubleLine Yield Opportunities Fund vs American Century Multisector Income ETF
Which is better, DLY or MUSI?
Each has led over a different period.
MUSI has a lower expense ratio. DLY led over the full window, MUSI over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DLY | MUSI |
|---|---|---|
| Expense Ratio | 2.67% | 0.38%Best |
| AUM | $731M | $262M |
| Dividend Yield | 9.55% | 5.49% |
| Holdings | 470 | 419 |
| Volatility (annualized) | 12.7% | 5.4%Best |
| Max Drawdown | -28.6% | -13.9%Best |
| $10,000 over 5.2 years | $10,983Best | $10,894 |
| Fund Family | DoubleLine Funds | American Century Investments |
| Category | Fixed Income | Fixed Income |
| Inception | Feb 26, 2020 | Jun 29, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight, Style.
The two price series end 33 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DLY has data through Oct 14, 2026 and MUSI through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 5.2 years row, are measured over the window both funds cover: Jul 1, 2021 to Sep 11, 2026 (5.2 years).
Risk: Volatility and Drawdowns
DLY has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 5.4% for MUSI. 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 -13.9% for MUSI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DLY charges 2.67% per year while MUSI charges 0.38%. On a $10,000 position that is $267 vs $38 annually, a gap of $229 per year that compounds over a long holding period. On income, DLY currently yields 9.55% against 5.49% for MUSI.
Holdings Overlap
We hold position weights for 114 holdings in DLY and 150 in MUSI, totalling 31.4% and 40.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 114 positions we hold weights for in DLY and 150 in MUSI, against full books of 470 and 419.
Top Shared Holdings
| Stock | Weight in DLY | Weight in MUSI | Difference |
|---|---|---|---|
| PETM 7.5 09/15/32Petsmart Llc/Petsmart Fi Sr Secured 144A 09/32 7.5 | 0.28% | 0.15% | 0.13% |
| GTN 7.25 08/15/33 14Gray Media Inc 144A 7.25 Aug 15, 2033 | 0.18% | 0.21% | 0.03% |
| BRANDI 10.375 08/01/Brand Industrial Services Inc 10.38% 01Aug2030 | 0.17% | 0.07% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of DLY and MUSI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DLY or MUSI?
DLY has an expense ratio of 2.67% while MUSI charges 0.38%. MUSI is the cheaper option, by $229 a year on a $10,000 investment.
Which is riskier, DLY or MUSI?
DLY has been the more volatile fund at 12.7% annualized versus 5.4% for MUSI. Worst drawdown: DLY -28.6% vs MUSI -13.9%.
Should I hold both DLY and MUSI?
DLY and MUSI have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DLY or MUSI?
DLY yields 9.55% while MUSI yields 5.49%, so DLY currently pays the higher dividend yield.
Is MUSI better than DLY?
MUSI has a lower expense ratio. DLY led over the full window, MUSI over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.