Looking to diversify beyond DBLTX? The mutual funds below have historically moved differently from DBLTX, 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 DBLTX
7 mutual funds have low correlation with DBLTX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.29, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.29 | -0.18 | -0.12 | 86 | Commodities | DBLTX vs DBCMX | |
| Baillie Gifford Emerging Markets Equities Fund | 0.08 | 0.08 | 0.07 | 88 | Emerging Markets Equities | DBLTX vs BGELX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.13 | 0.14 | 0.10 | 98 | DBLTX vs CMNIX | ||
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.22 | -0.27 | 99 | Total Bond Market | DBLTX vs JSOSX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.16 | 0.27 | 0.27 | 99 | Ultrashort Bond | DBLTX vs FCNVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBLTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.05, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.05 | 0.07 | 0.03 | 80 | Industrials |
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