Doubleline Flexible Correlations

DFLEX Fund

USD 8.75 0.02 0.23%

The current 90-days correlation between Doubleline Flexible and Janus High Yield Fund is 0.13 (i.e., Average diversification). The correlation of Doubleline Flexible 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 Flexible Correlation With Market

Very poor diversification

The correlation between Doubleline Flexible Income and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Flexible Income 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 Flexible Income. 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 housing.

Moving together with Doubleline Mutual Fund

0.88	DLCMX	Doubleline Strategic Steady Growth	Pair Corr
0.86	DLENX	Doubleline Emerging	Pair Corr
0.97	DLELX	Doubleline Emerging	Pair Corr
0.88	DLFNX	Doubleline E Fixed	Pair Corr
0.94	DLEUX	Doubleline Shiller	Pair Corr
0.93	DLGBX	Doubleline Global Bond	Pair Corr
0.99	DLINX	Doubleline Flexible	Pair Corr
0.66	DLLDX	Doubleline Long Duration	Pair Corr
0.98	DLSNX	Doubleline Low Duration	Pair Corr
0.85	DLTNX	Doubleline Total Return	Pair Corr
0.91	BILTX	Doubleline Infrastructure	Pair Corr
0.89	BILDX	Doubleline Infrastructure	Pair Corr
0.94	DSEUX	Doubleline Shiller	Pair Corr
0.87	DSENX	Doubleline Shiller	Pair Corr
0.87	DSEEX	Doubleline Shiller	Pair Corr
0.89	DBCMX	Doubleline Strategic Steady Growth	Pair Corr
0.97	DBELX	Doubleline Emerging	Pair Corr
0.86	DBLTX	Doubleline Total Return	Pair Corr
0.99	DBLSX	Doubleline Low Duration	Pair Corr
0.94	DBLNX	Doubleline Income	Pair Corr
0.97	DBLLX	Doubleline Low Duration	Pair Corr
0.71	DBLIX	Doubleline Income	Pair Corr
0.91	DBLEX	Doubleline Emerging	Pair Corr
0.92	DBLGX	Doubleline Global Bond	Pair Corr
0.86	DBLFX	Doubleline E Fixed	Pair Corr
0.61	DBLDX	Doubleline Long Duration	Pair Corr
0.94	DBSCX	Doubleline Selective	Pair Corr
0.9	DDCFX	Doubleline Core Fixed	Pair Corr
0.87	DDCPX	Doubleline Shiller	Pair Corr
0.97	DDLDX	Doubleline Low Duration	Pair Corr
0.82	DDTRX	Doubleline Total Return	Pair Corr
0.97	DELNX	Doubleline Low Duration	Pair Corr
0.99	DFFLX	Doubleline Flexible	Pair Corr
0.95	PONAX	Pimco Income	Pair Corr
0.91	PONCX	Pimco Income	Pair Corr
0.95	PIPNX	Pimco Income	Pair Corr
0.93	PONRX	Pimco Income	Pair Corr

Related Correlations Analysis

	WSHNX	LZHOX	BDHIX	ETIHX	FAFWX	JHYRX	JHYAX	JAHYX	JHYNX
WSHNX		0.97	0.93	-0.52	0.92	0.92	0.91	0.92	0.93	WSHNX
LZHOX	0.97		0.95	-0.44	0.95	0.93	0.93	0.94	0.94	LZHOX
BDHIX	0.93	0.95		-0.33	0.93	0.96	0.94	0.96	0.97	BDHIX
ETIHX	-0.52	-0.44	-0.33		-0.42	-0.35	-0.37	-0.35	-0.36	ETIHX
FAFWX	0.92	0.95	0.93	-0.42		0.88	0.89	0.88	0.89	FAFWX
JHYRX	0.92	0.93	0.96	-0.35	0.88		0.98	1.0	1.0	JHYRX
JHYAX	0.91	0.93	0.94	-0.37	0.89	0.98		0.98	0.98	JHYAX
JAHYX	0.92	0.94	0.96	-0.35	0.88	1.0	0.98		1.0	JAHYX
JHYNX	0.93	0.94	0.97	-0.36	0.89	1.0	0.98	1.0		JHYNX
	WSHNX	LZHOX	BDHIX	ETIHX	FAFWX	JHYRX	JHYAX	JAHYX	JHYNX

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

JAHYX	+ 1.0	JHYRX
JHYNX	+ 1.0	JHYRX
JHYNX	+ 1.0	JAHYX
JHYAX	+ 0.98	JHYRX
JAHYX	+ 0.98	JHYAX
JHYNX	+ 0.98	JHYAX

High negative correlations

ETIHX	- 0.52	WSHNX
ETIHX	- 0.44	LZHOX
FAFWX	- 0.42	ETIHX
JHYAX	- 0.37	ETIHX
JHYNX	- 0.36	ETIHX
JAHYX	- 0.35	ETIHX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Flexible 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 Flexible'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
WSHNX	0.05	0.01	(0.36)	(1.04)	0.00	(0.15)	0.08	(0.08)	0.50
LZHOX	0.10	0.02	(0.10)	0.35	0.00	(0.15)	0.48	(0.11)	0.81
BDHIX	0.28	0.02	(0.01)	0.09	0.34	(0.32)	0.46	(0.55)	2.03
ETIHX	1.09	(0.09)	0.00	(0.14)	0.00	0.00	2.25	(2.17)	7.30
FAFWX	0.20	0.03	0.01	0.17	0.17	(0.23)	0.40	(0.47)	1.33
JHYRX	0.12	0.02	(0.08)	0.22	0.00	(0.25)	0.27	(0.27)	1.22
JHYAX	0.13	0.03	(0.04)	13.20	0.00	(0.20)	0.27	(0.14)	0.94
JAHYX	0.14	0.02	(0.07)	0.21	0.00	(0.23)	0.27	(0.27)	1.22
JHYNX	0.13	0.02	(0.07)	0.19	0.00	(0.24)	0.27	(0.27)	1.08

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC