Looking to diversify beyond DBLTX? The mutual funds below have the lowest correlation with DBLTX — 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 DBLTX.
Best Diversifiers for DBLTX
6 mutual funds have low correlation with DBLTX (below 0.3), 0 of which are negatively correlated. The least correlated is Baillie Gifford Emerging Markets Equities Fund (BGELX) (Emerging Markets Diversified) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baillie Gifford Emerging Markets Equities Fund | 0.08 | 0.10 | 0.06 | 73 | Emerging Markets Diversified | DBLTX vs BGELX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.09 | 0.26 | 0.27 | 99 | Total Bond Market | DBLTX vs FCNVX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.14 | 0.16 | 0.10 | 98 | DBLTX vs CMNIX | ||
| JPMorgan Strategic Income Opportunities Fund Class... | 0.15 | -0.25 | -0.27 | 99 | Total Bond Market | DBLTX vs JSOSX | |
| Fidelity Flex Conservative Income Bond Fund | 0.15 | 0.20 | 0.23 | 99 | Total Bond Market | DBLTX vs FJTDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DBLTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DBLTX and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.03 | 0.07 | 0.03 | 51 | Industrials |
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