Looking to diversify beyond DLFNX? The mutual funds below have historically moved differently from DLFNX, 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 DLFNX
1 mutual funds have low correlation with DLFNX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.32, down from -0.10 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 | -0.18 | -0.10 | 85 | Commodities | DLFNX vs DBCMX | |
| Holbrook Income Fund Class I | 0.39 | 0.32 | 0.39 | 99 | Intermediate Core-Plus Bond | DLFNX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.45 | 0.23 | 0.16 | 92 | Intermediate Core-Plus Bond | DLFNX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.48 | 0.25 | 0.19 | 89 | Intermediate Core-Plus Bond | DLFNX vs LCTRX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.51 | 0.48 | 0.55 | 98 | Emerging Markets Bonds | DLFNX vs DBLLX |
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