Looking to diversify beyond DBLIX? The mutual funds below have historically moved differently from DBLIX, 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 DBLIX
23 mutual funds have low correlation with DBLIX (below 0.3), 5 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.09, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.09 | 0.18 | 0.13 | 99 | Multisector Bonds | DBLIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.07 | 0.21 | 0.14 | 99 | Multisector Bonds | DBLIX vs NWXHX | |
| AQR Global Equity Fund | -0.04 | 0.05 | 0.07 | 81 | Global Equities | DBLIX vs AQGIX | |
| CrossingBridge Low Duration High Yield Fund | -0.04 | 0.15 | 0.13 | 96 | Multisector Bonds | DBLIX vs CBLDX | |
| DoubleLine Strategic Commodity Fund | -0.03 | -0.08 | -0.03 | 85 | Commodities | DBLIX vs DBCMX |
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