Looking to diversify beyond DBLSX? The mutual funds below have historically moved differently from DBLSX, 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 DBLSX
9 mutual funds have low correlation with DBLSX (below 0.3), 2 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.24 | -0.13 | -0.05 | 86 | Commodities | DBLSX vs DBCMX | |
| Leader Short Term High Yield Bond Fund | -0.02 | 0.04 | 0.15 | 77 | Short-Term Bond | DBLSX vs LCCMX | |
| Baillie Gifford Emerging Markets Equities Fund | 0.09 | 0.06 | 0.08 | 88 | Emerging Markets Equities | DBLSX vs BGELX | |
| DFA Two-Year Fixed Income Portfolio | 0.11 | 0.07 | 0.36 | 100 | Short-Term Bond | DBLSX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.12 | 0.49 | 0.57 | 65 | Short-Term Bond | DBLSX vs GPARX |
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