Looking to diversify beyond DBLLX? The mutual funds below have the lowest correlation with DBLLX — 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 DBLLX.
Best Diversifiers for DBLLX
3 mutual funds have low correlation with DBLLX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.24, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.24 | -0.04 | 0.05 | 87 | Commodities | DBLLX vs DBCMX | |
| DoubleLine Shiller Enhanced International CAPE | 0.22 | 0.33 | 0.31 | 58 | Europe Equities | DBLLX vs DSEUX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.27 | 0.32 | 0.32 | 97 | Emerging Markets Bonds | DBLLX vs EELDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.32 | 0.30 | 0.31 | 97 | Emerging Markets Bonds | DBLLX vs EIDOX | |
| Artisan Emerging Markets Debt Opportunities Fund | 0.34 | 0.36 | — | 96 | Emerging Markets Bonds | DBLLX vs APFOX |
See all 61 diversifiers for DBLLX
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