Looking to diversify beyond DBCMX? The mutual funds below have historically moved differently from DBCMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DBCMX
9 mutual funds have low correlation with DBCMX (below 0.3), 7 of which are negatively correlated. The least correlated is Doubleline Selective Credit Fund (DBSCX) (Multisector Bonds) with a 1Y correlation of -0.32, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | -0.32 | -0.17 | -0.12 | 96 | Multisector Bonds | DBCMX vs DBSCX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -0.27 | -0.06 | 0.04 | 69 | Emerging Markets Bonds | DBCMX vs DLENX | |
| DoubleLine Low Duration Bond Fund Class N | -0.25 | -0.11 | -0.05 | 97 | Short-Term Bond | DBCMX vs DLSNX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.25 | -0.06 | 0.05 | 98 | Emerging Markets Bonds | DBCMX vs DBLLX | |
| DoubleLine Low Duration Bond Fund | -0.24 | -0.13 | -0.05 | 98 | Short-Term Bond | DBCMX vs DBLSX |
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