Looking to diversify beyond DBELX? The mutual funds below have the lowest correlation with DBELX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DBELX.
Best Diversifiers for DBELX
2 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 -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.14 | 0.07 | 0.18 | 70 | Commodities | DBELX vs DBCMX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.21 | 0.24 | 0.27 | 61 | Emerging Markets Bonds | DBELX vs EDF | |
| DoubleLine Low Duration Bond Fund | 0.35 | 0.33 | 0.32 | 98 | Short-Term Bond | DBELX vs DBLSX | |
| Doubleline Selective Credit Fund | 0.36 | 0.38 | 0.31 | 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 |
See all 21 diversifiers for DBELX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DBELX
Add DBELX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DBELX