Looking to diversify beyond DBLEX? The mutual funds below have the lowest correlation with DBLEX — 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 DBLEX.
Best Diversifiers for DBLEX
1 mutual funds have low correlation with DBLEX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.20, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.20 | -0.02 | 0.03 | 87 | Commodities | DBLEX vs DBCMX | |
| Doubleline Selective Credit Fund | 0.31 | 0.50 | 0.48 | 94 | Multisector Bonds | DBLEX vs DBSCX | |
| DoubleLine Low Duration Bond Fund | 0.34 | 0.39 | 0.46 | 97 | Short-Term Bond | DBLEX vs DBLSX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.38 | 0.40 | 0.38 | 97 | Emerging Markets Bonds | DBLEX vs EELDX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.39 | 0.49 | 0.58 | 62 | Emerging Markets Bonds | DBLEX vs EMCIX |
See all 59 diversifiers for DBLEX
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