Looking to diversify beyond DBLIX? The mutual funds below have the lowest correlation with DBLIX — 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 DBLIX.
Best Diversifiers for DBLIX
18 mutual funds have low correlation with DBLIX (below 0.3), 6 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.13 | 0.18 | 0.12 | 99 | Multisector Bonds | DBLIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.10 | 0.21 | 0.13 | 99 | Multisector Bonds | DBLIX vs NWXHX | |
| DoubleLine Strategic Commodity Fund | -0.09 | -0.07 | -0.03 | 86 | Commodities | DBLIX vs DBCMX | |
| CrossingBridge Responsible Credit Fund | -0.08 | 0.08 | — | 65 | Multisector Bonds | DBLIX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | -0.01 | 0.15 | 0.13 | 97 | Multisector Bonds | DBLIX vs CBLDX |
See all 32 diversifiers for DBLIX
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