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
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 -0.25, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.25 | -0.15 | -0.11 | 87 | Commodities | DBLTX vs DBCMX | |
| Baillie Gifford Emerging Markets Equities Fund | 0.08 | 0.10 | 0.06 | 70 | Emerging Markets Diversified | DBLTX vs BGELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.11 | -0.26 | -0.27 | 99 | Total Bond Market | DBLTX vs JSOSX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.13 | 0.16 | 0.10 | 98 | DBLTX vs CMNIX | ||
| Fidelity Conservative Income Bond Institutional Cl... | 0.15 | 0.26 | 0.27 | 99 | Total Bond Market | DBLTX vs FCNVX |
See all 23 diversifiers for DBLTX
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