Looking to diversify beyond DLENX? The mutual funds below have the lowest correlation with DLENX — 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 DLENX.
Best Diversifiers for DLENX
1 mutual funds have low correlation with DLENX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.22 | 0.24 | 0.27 | 63 | Emerging Markets Bonds | DLENX vs EDF | |
| Doubleline Selective Credit Fund | 0.36 | 0.55 | 0.50 | 95 | Multisector Bonds | DLENX vs DBSCX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.41 | 0.49 | 0.59 | 68 | Emerging Markets Bonds | DLENX vs EMCIX | |
| DoubleLine Low Duration Bond Fund | 0.43 | 0.44 | 0.48 | 97 | Short-Term Bond | DLENX vs DBLSX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.45 | 0.38 | 0.38 | 98 | Emerging Markets Bonds | DLENX vs EIDOX |
See all 59 diversifiers for DLENX
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