Looking to diversify beyond DLSNX? The mutual funds below have historically moved differently from DLSNX, 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 DLSNX
5 mutual funds have low correlation with DLSNX (below 0.3), 2 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.25, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.25 | -0.11 | -0.05 | 85 | Commodities | DLSNX vs DBCMX | |
| Leader Short Term High Yield Bond Fund | -0.01 | 0.07 | 0.17 | 84 | Short-Term Bond | DLSNX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.10 | 0.48 | 0.57 | 69 | Short-Term Bond | DLSNX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.21 | 0.10 | 0.36 | 100 | Short-Term Bond | DLSNX vs DFCFX | |
| GuidepathConservative Income Fund | 0.24 | 0.31 | 0.40 | 99 | Short-Term Bond | DLSNX vs GPICX |
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