Looking to diversify beyond DBLDX? The mutual funds below have historically moved differently from DBLDX, 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 DBLDX
4 mutual funds have low correlation with DBLDX (below 0.3), 2 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.28, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.28 | -0.17 | -0.15 | 86 | Commodities | DBLDX vs DBCMX | |
| GMO U.S. Treasury Fund | -0.02 | 0.01 | 0.02 | 99 | Government Bonds | DBLDX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.18 | 0.42 | 0.41 | 99 | Government Bonds | DBLDX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.29 | 0.11 | 0.31 | 99 | Government Bonds | DBLDX vs DFFGX | |
| Davis Government Bond Fund | 0.30 | 0.46 | 0.54 | 78 | Government Bonds | DBLDX vs RFBAX |
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