Looking to diversify beyond DBL? The mutual funds below have the lowest correlation with DBL — 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 DBL.
Best Diversifiers for DBL
20 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.24 | -0.04 | 0.02 | 71 | Commodities | DBL vs DBCMX | |
| CrossingBridge Low Duration High Yield Fund | 0.01 | 0.08 | 0.08 | 97 | Multisector Bonds | DBL vs CBLDX | |
| Nationwide Strategic Income A | 0.02 | 0.05 | 0.03 | 99 | Multisector Bonds | DBL vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.04 | 0.08 | 0.06 | 99 | Multisector Bonds | DBL vs NWXHX | |
| DoubleLine Low Duration Bond Fund | 0.11 | 0.18 | 0.19 | 98 | Short-Term Bond | DBL vs DBLSX |
See all 22 diversifiers for DBL
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DBL
Add DBL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DBL