Doubleline Core Correlations

DBLFX Fund

USD 9.27 0.01 0.11%

The current 90-days correlation between Doubleline E Fixed and Pimco Income Fund is 0.77 (i.e., Poor diversification). The correlation of Doubleline Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Doubleline Core Correlation With Market

Good diversification

The correlation between Doubleline E Fixed and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline E Fixed and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doubleline E Fixed. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with DOUBLELINE Mutual Fund

0.9	DLELX	Doubleline Emerging	Pair Corr
1.0	DLFNX	Doubleline E Fixed	Pair Corr
0.8	DLEUX	Doubleline Shiller	Pair Corr
0.84	DLMOX	Doubleline Multi Asset	Pair Corr
0.99	DLTNX	Doubleline Total Return	Pair Corr
0.99	BILTX	Doubleline Infrastructure	Pair Corr
0.98	BILDX	Doubleline Infrastructure	Pair Corr
0.8	DSEUX	Doubleline Shiller	Pair Corr
0.9	DBELX	Doubleline Emerging	Pair Corr
0.99	DBLTX	Doubleline Total Return	Pair Corr
0.96	DBLGX	Doubleline Global Bond	Pair Corr
0.97	DBLDX	Doubleline Long Duration	Pair Corr
1.0	DDCFX	Doubleline Core Fixed	Pair Corr
0.99	DDTRX	Doubleline Total Return	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.96	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr

Moving against DOUBLELINE Mutual Fund

0.8	DLFRX	Doubleline Floating Rate	Pair Corr
0.78	DBFRX	Doubleline Floating Rate	Pair Corr
0.6	DSEEX	Doubleline Shiller	Pair Corr
0.59	DSENX	Doubleline Shiller	Pair Corr
0.39	DLINX	Doubleline Flexible	Pair Corr
0.53	DBLLX	Doubleline Low Duration	Pair Corr
0.48	DELNX	Doubleline Low Duration	Pair Corr
0.47	DFFLX	Doubleline Flexible	Pair Corr
0.46	DFLEX	Doubleline Flexible	Pair Corr
0.8	GUMPX	Guggenheim Market Neutral	Pair Corr
0.78	CPLIX	Calamos Phineus Longshort	Pair Corr

Related Correlations Analysis

	PONAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
PONAX		0.39	0.0	-0.07	0.02	0.23	0.65	0.33	-0.46	-0.31	PONAX
444859BR2	0.39		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.07	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	0.02	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	0.23	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	0.65	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	0.33	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	-0.46	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	-0.31	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	PONAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AAEVX	+ 0.75	MSTSX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX
ABHYX	+ 0.65	PONAX
ABHYX	+ 0.51	LBHIX
SCAXF	+ 0.41	444859BR2

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
VIASP	- 0.46	PONAX
MSTSX	- 0.45	BRRAY

Risk-Adjusted Indicators

There is a big difference between DOUBLELINE Mutual Fund performing well and Doubleline Core Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Doubleline Core's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PONAX	0.15	(0.01)	(0.57)	(0.16)	0.16	(0.18)	0.28	(0.28)	1.04
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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