Looking to diversify beyond DBELX? The mutual funds below have historically moved differently from DBELX, 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 DBELX
1 mutual funds have low correlation with DBELX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.19, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.19 | 0.05 | 0.17 | 85 | Commodities | DBELX vs DBCMX | |
| DoubleLine Low Duration Bond Fund | 0.34 | 0.32 | 0.33 | 98 | Short-Term Bond | DBELX vs DBLSX | |
| Doubleline Selective Credit Fund | 0.37 | 0.38 | 0.32 | 96 | Multisector Bonds | DBELX vs DBSCX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.40 | 0.40 | 0.39 | 98 | Emerging Markets Bonds | DBELX vs DBLLX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.42 | 0.41 | 0.47 | 57 | Emerging Markets Bonds | DBELX vs EDD |
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