Looking to diversify beyond DBLLX? The mutual funds below have historically moved differently from DBLLX, 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 DBLLX
2 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 -0.25, down from 0.05 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 | -0.06 | 0.05 | 86 | Commodities | DBLLX vs DBCMX | |
| DoubleLine Shiller Enhanced International CAPE | 0.23 | 0.32 | 0.31 | 94 | Europe Equities | DBLLX vs DSEUX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.35 | 0.29 | 0.26 | 53 | Emerging Markets Bonds | DBLLX vs EDD | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.35 | 0.33 | 0.32 | 98 | Emerging Markets Bonds | DBLLX vs EELDX | |
| Goldman Sachs Local Emerging Markets Debt Fund | 0.35 | 0.46 | 0.41 | 65 | Emerging Markets Bonds | DBLLX vs GIMDX |
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