Looking to diversify beyond DBLFX? The mutual funds below have the lowest correlation with DBLFX — 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 DBLFX.
Best Diversifiers for DBLFX
2 mutual funds have low correlation with DBLFX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.26, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.26 | -0.15 | -0.09 | 87 | Commodities | DBLFX vs DBCMX | |
| Vanguard 500 Index Fund Admiral Shares | 0.27 | 0.21 | 0.16 | 73 | S&P 500, Large Cap Blend Equities | DBLFX vs VFIAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.31 | 0.20 | 0.15 | 90 | Intermediate Core-Plus Bond | DBLFX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.32 | 0.18 | 0.13 | 92 | Intermediate Core-Plus Bond | DBLFX vs LCTIX | |
| Holbrook Income Fund Class I | 0.34 | 0.34 | 0.38 | 98 | Intermediate Core-Plus Bond | DBLFX vs HOBIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DBLFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DBLFX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.28, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.28 | -0.12 | -0.12 | 76 | Energy |
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