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
1 mutual funds have low correlation with DBELX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.23 | 0.24 | 0.27 | 63 | Emerging Markets Bonds | DBELX vs EDF | |
| DoubleLine Low Duration Bond Fund | 0.34 | 0.32 | 0.32 | 97 | Short-Term Bond | DBELX vs DBLSX | |
| Doubleline Selective Credit Fund | 0.35 | 0.37 | 0.31 | 95 | Multisector Bonds | DBELX vs DBSCX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.38 | 0.38 | 0.39 | 98 | Emerging Markets Bonds | DBELX vs DBLLX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.44 | 0.40 | 0.42 | 96 | Emerging Markets Bonds | DBELX vs SHCDX |
See all 20 diversifiers for DBELX
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