Doubleline Shiller Correlations

DSENX Fund

USD 16.39 0.06 0.37%

The current 90-days correlation between Doubleline Shiller and Doubleline Shiller Enhanced is 1.0 (i.e., No risk reduction). The correlation of Doubleline Shiller 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 Shiller Correlation With Market

Very poor diversification

The correlation between Doubleline Shiller Enhanced and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Shiller Enhanced 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 Shiller Enhanced. 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 board of governors.

Moving together with Doubleline Mutual Fund

0.87	DLFRX	Doubleline Floating Rate	Pair Corr
0.77	DLINX	Doubleline Flexible	Pair Corr
1.0	DSEEX	Doubleline Shiller	Pair Corr
0.82	DBFRX	Doubleline Floating Rate	Pair Corr
0.64	DBLNX	Doubleline Income	Pair Corr
0.68	DBLIX	Doubleline Income	Pair Corr
1.0	DDCPX	Doubleline Shiller	Pair Corr
0.75	DFFLX	Doubleline Flexible	Pair Corr
0.75	DFLEX	Doubleline Flexible	Pair Corr
0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.84	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VTSMX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr

Moving against Doubleline Mutual Fund

0.8	DLEUX	Doubleline Shiller	Pair Corr
0.8	DSEUX	Doubleline Shiller	Pair Corr
0.62	DLELX	Doubleline Emerging	Pair Corr
0.61	DBELX	Doubleline Emerging	Pair Corr
0.6	DLFNX	Doubleline E Fixed	Pair Corr
0.6	DLTNX	Doubleline Total Return	Pair Corr
0.6	DBLTX	Doubleline Total Return	Pair Corr
0.58	DLMOX	Doubleline Multi Asset	Pair Corr
0.52	BILTX	Doubleline Infrastructure	Pair Corr
0.5	BILDX	Doubleline Infrastructure	Pair Corr
0.32	DLCMX	Doubleline Strategic	Pair Corr
0.31	DBCMX	Doubleline Strategic	Pair Corr
0.74	DBLGX	Doubleline Global Bond	Pair Corr
0.65	DBLDX	Doubleline Long Duration	Pair Corr
0.6	DDTRX	Doubleline Total Return	Pair Corr
0.59	DBLFX	Doubleline E Fixed	Pair Corr
0.58	DDCFX	Doubleline Core Fixed	Pair Corr
0.58	NHS	Neuberger Berman High	Pair Corr
0.45	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	DSEEX	EGFFX	PARWX	DLEUX	DLTNX
DSEEX		0.87	0.88	-0.8	-0.61	DSEEX
EGFFX	0.87		0.92	-0.67	-0.72	EGFFX
PARWX	0.88	0.92		-0.53	-0.56	PARWX
DLEUX	-0.8	-0.67	-0.53		0.76	DLEUX
DLTNX	-0.61	-0.72	-0.56	0.76		DLTNX
	DSEEX	EGFFX	PARWX	DLEUX	DLTNX

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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

PARWX	+ 0.92	EGFFX
PARWX	+ 0.88	DSEEX
EGFFX	+ 0.87	DSEEX
DLTNX	+ 0.76	DLEUX

High negative correlations

DLEUX	- 0.8	DSEEX
DLTNX	- 0.72	EGFFX
DLEUX	- 0.67	EGFFX
DLTNX	- 0.61	DSEEX
DLTNX	- 0.56	PARWX
DLEUX	- 0.53	PARWX

Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Shiller 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 Shiller'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
DSEEX	0.54	0.04	0.01	0.18	0.45	(0.62)	0.99	(1.07)	3.02
EGFFX	0.73	(0.01)	(0.02)	0.11	0.92	(0.70)	1.72	(1.79)	4.66
PARWX	0.57	0.01	(0.03)	0.13	0.49	(0.59)	1.17	(1.00)	2.88
DLEUX	0.68	(0.16)	0.00	(0.89)	0.00	0.00	1.12	(1.36)	4.75
DLTNX	0.22	(0.02)	0.00	0.36	0.00	0.00	0.46	(0.45)	1.45

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