Looking to diversify beyond DBLFX? The mutual funds below have historically moved differently from DBLFX, 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 DBLFX
1 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 -0.32, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.32 | -0.18 | -0.10 | 86 | Commodities | DBLFX vs DBCMX | |
| Vanguard 500 Index Fund Admiral Shares | 0.33 | 0.22 | 0.18 | 59 | S&P 500, Large Cap Blend Equities | DBLFX vs VFIAX | |
| DoubleLine Shiller Enhanced International CAPE | 0.37 | 0.40 | 0.34 | 94 | Europe Equities | DBLFX vs DSEUX | |
| Holbrook Income Fund Class I | 0.40 | 0.33 | 0.39 | 98 | Intermediate Core-Plus Bond | DBLFX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.46 | 0.24 | 0.18 | 81 | Intermediate Core-Plus Bond | DBLFX vs LCTRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBLFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.39, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.39 | -0.17 | -0.13 | 73 | Energy |
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