Looking to diversify beyond DBLEX? The mutual funds below have historically moved differently from DBLEX, 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 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 -0.21, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.21 | -0.05 | 0.03 | 85 | Commodities | DBLEX vs DBCMX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.35 | 0.32 | 0.33 | 57 | Emerging Markets Bonds | DBLEX vs EDD | |
| Ashmore Emerging Markets Corporate Income Fund | 0.36 | 0.48 | 0.58 | 50 | Emerging Markets Bonds | DBLEX vs EMCIX | |
| DoubleLine Low Duration Bond Fund | 0.36 | 0.40 | 0.46 | 98 | Short-Term Bond | DBLEX vs DBLSX | |
| Doubleline Selective Credit Fund | 0.36 | 0.51 | 0.48 | 96 | Multisector Bonds | DBLEX vs DBSCX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DBLEX
Add DBLEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DBLEX