Looking to diversify beyond DLENX? The mutual funds below have historically moved differently from DLENX, 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 DLENX
1 mutual funds have low correlation with DLENX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.27, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.27 | -0.06 | 0.04 | 85 | Commodities | DLENX vs DBCMX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.36 | 0.49 | 0.59 | 50 | Emerging Markets Bonds | DLENX vs EMCIX | |
| Doubleline Selective Credit Fund | 0.38 | 0.54 | 0.50 | 96 | Multisector Bonds | DLENX vs DBSCX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.40 | 0.33 | 0.34 | 57 | Emerging Markets Bonds | DLENX vs EDD | |
| PIMCO Emerging Markets Currency and Short-Term Inv... | 0.43 | 0.35 | 0.37 | 80 | Emerging Markets Bonds | DLENX vs PLMIX |
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