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DoubleLine Low Duration Bond Fund (DBLSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

Under normal circumstances, the advisor intends to invest primarily in fixed income and other income-producing instruments rated investment grade and unrated securities considered by the Adviser to be of comparable credit quality. The advisor intends to invest at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in bonds. The fund may, however, invest up to 50% of its total assets in fixed income and other income-producing instruments rated below investment grade and those that are unrated but determined by the Adviser to be of comparable credit quality.

Looking to diversify beyond DBLSX? The mutual funds below have the lowest correlation with DBLSX — 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 DBLSX.

Best Diversifiers for DBLSX

10 mutual funds have low correlation with DBLSX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.01, down from 0.36 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DFCFX
DFA Two-Year Fixed Income Portfolio0.010.050.36
65
Short-Term BondDBLSX vs DFCFX
LCCMX
Leader Short Term High Yield Bond Fund0.020.070.16
80
Short-Term BondDBLSX vs LCCMX
BGELX
Baillie Gifford Emerging Markets Equities Fund0.080.080.08
73
Emerging Markets DiversifiedDBLSX vs BGELX
GPARX
GuidePath Absolute Return Allocation Fund0.230.540.59
57
Short-Term BondDBLSX vs GPARX
FSTIX
Federated Hermes Short-Term Income Fund0.240.490.60
85
Short-Term BondDBLSX vs FSTIX
See all 108 diversifiers for DBLSX

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Diversification Analysis

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