Looking to diversify beyond DBL? The mutual funds below have historically moved differently from DBL, 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 DBL
21 mutual funds have low correlation with DBL (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.24, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.24 | -0.05 | 0.02 | 85 | Commodities | DBL vs DBCMX | |
| CrossingBridge Low Duration High Yield Fund | 0.01 | 0.07 | 0.08 | 96 | Multisector Bonds | DBL vs CBLDX | |
| Nationwide Strategic Income A | 0.03 | 0.06 | 0.03 | 99 | Multisector Bonds | DBL vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.03 | 0.10 | 0.06 | 99 | Multisector Bonds | DBL vs NWXHX | |
| DoubleLine Low Duration Bond Fund | 0.10 | 0.16 | 0.19 | 98 | Short-Term Bond | DBL vs DBLSX |
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