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
22 mutual funds have low correlation with DBL (below 0.3), 2 of which are negatively correlated. The least correlated is CrossingBridge Low Duration High Yield Fund (CBLDX) (Multisector Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Low Duration High Yield Fund | -0.01 | 0.08 | 0.08 | 97 | Multisector Bonds | DBL vs CBLDX | |
| Nationwide Strategic Income A | -0.01 | 0.05 | 0.03 | 99 | Multisector Bonds | DBL vs NWXEX | |
| Potomac Managed Volatility Fund | 0.01 | 0.20 | 0.12 | 54 | Multisector Bonds | DBL vs CRMVX | |
| CrossingBridge Responsible Credit Fund | 0.03 | 0.11 | — | 58 | Multisector Bonds | DBL vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.06 | 0.09 | 0.06 | 99 | Multisector Bonds | DBL vs NWXHX |
See all 22 diversifiers for DBL
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