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
1 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 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.22 | -0.06 | 0.02 | 87 | Commodities | DBLGX vs DBCMX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.34 | 0.60 | 0.65 | 87 | Global Bonds | DBLGX vs PRSNX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.40 | 0.42 | 0.41 | 98 | Global Bonds | DBLGX vs DGFFX | |
| Dunham International Opportunity Bond Fund | 0.42 | 0.54 | 0.53 | 59 | Global Bonds | DBLGX vs DAIOX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 0.51 | 0.40 | 0.60 | 86 | Global Bonds | DBLGX vs DFSHX |
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