Looking to diversify beyond DBLGX? The mutual funds below have the lowest correlation with DBLGX — 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 DBLGX.
Best Diversifiers for DBLGX
2 mutual funds have low correlation with DBLGX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.22, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.22 | -0.07 | 0.01 | 71 | Commodities | DBLGX vs DBCMX | |
| DFA Two Year Global Fixed Income Portfolio | 0.18 | 0.08 | 0.36 | 100 | Global Bonds | DBLGX vs DFGFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.39 | 0.60 | 0.65 | 86 | Global Bonds | DBLGX vs PRSNX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.40 | 0.45 | 0.52 | 98 | Emerging Markets Bonds | DBLGX vs DBLLX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.46 | 0.43 | 0.42 | 98 | Global Bonds | DBLGX vs DGFFX |
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