Looking to diversify beyond DBLDX? The mutual funds below have the lowest correlation with DBLDX — 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 DBLDX.
Best Diversifiers for DBLDX
4 mutual funds have low correlation with DBLDX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.23, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.23 | -0.15 | -0.15 | 87 | Commodities | DBLDX vs DBCMX | |
| GMO U.S. Treasury Fund | 0.03 | 0.00 | 0.02 | 99 | Government Bonds | DBLDX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.18 | 0.43 | 0.41 | 99 | Government Bonds | DBLDX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.19 | 0.07 | 0.32 | 62 | Government Bonds | DBLDX vs DFFGX | |
| Davis Government Bond Fund | 0.37 | 0.48 | 0.53 | 69 | Government Bonds | DBLDX vs RFBAX |
See all 15 diversifiers for DBLDX
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