Looking to diversify beyond DBLGX? The mutual funds below have historically moved differently from DBLGX, 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 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 -0.25, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.25 | -0.09 | 0.00 | 85 | Commodities | DBLGX vs DBCMX | |
| DFA Two Year Global Fixed Income Portfolio | 0.22 | 0.09 | 0.36 | 100 | Global Bonds | DBLGX vs DFGFX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.41 | 0.45 | 0.52 | 98 | Emerging Markets Bonds | DBLGX vs DBLLX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.42 | 0.59 | 0.64 | 75 | Global Bonds | DBLGX vs PRSNX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.48 | 0.44 | 0.42 | 98 | Global Bonds | DBLGX vs DGFFX |
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