Looking to diversify beyond DBSCX? The mutual funds below have historically moved differently from DBSCX, 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 DBSCX
10 mutual funds have low correlation with DBSCX (below 0.3), 3 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.32, 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 | -0.32 | -0.17 | -0.12 | 86 | Commodities | DBSCX vs DBCMX | |
| AQR Long-Short Equity Fund | -0.01 | -0.06 | -0.10 | 77 | Long-Short | DBSCX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | -0.01 | -0.06 | -0.10 | 74 | Long-Short, Actively Managed | DBSCX vs QLENX | |
| Nationwide Strategic Income A | 0.04 | 0.19 | 0.14 | 99 | Multisector Bonds | DBSCX vs NWXEX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.06 | 0.14 | 0.13 | 75 | Bank Loan | DBSCX vs RPIFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBSCX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.02, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.02 | 0.03 | 0.03 | 61 | Technology |
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