Doubleline Income Correlations

DSL Fund

USD 11.25 0.02 0.18%

The current 90-days correlation between Doubleline Income and Nuveen NASDAQ 100 is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Doubleline Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doubleline Income Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Doubleline Income Correlation With Market

Weak diversification

The correlation between Doubleline Income Solutions and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Income Solutions 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 Income Solutions. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving against Doubleline Fund

0.91	EXMAX	Eaton Vance Short	Pair Corr
0.86	MNDWX	Manning Napier Diver	Pair Corr
0.86	GCMFX	Gurtin California	Pair Corr
0.85	ANGCX	Angel Oak Multi	Pair Corr
0.83	ANGLX	Angel Oak Multi	Pair Corr
0.83	ANGIX	Angel Oak Multi	Pair Corr
0.78	FUSRX	Franklin Government	Pair Corr
0.77	AOUNX	Angel Oak Ultrashort	Pair Corr
0.76	AOUIX	Angel Oak Ultrashort	Pair Corr
0.76	AOUAX	Angel Oak Ultrashort	Pair Corr
0.74	FVKVWX	Fvkvwx	Pair Corr
0.63	BRLVX	American Beacon Bridgeway	Pair Corr
0.6	VWENX	Vanguard Wellington	Pair Corr
0.6	LPXIX	Cohen Steers Low	Pair Corr
0.59	UEPIX	Europe 30 Profund	Pair Corr
0.51	TAHTX	Transamerica High Yield	Pair Corr
0.48	DCUSX	Deutsche Croci	Pair Corr
0.46	MIDSX	Midas Fund Midas	Pair Corr
0.46	GCICX	Goldman Sachs Intern	Pair Corr
0.45	JBALX	Janus Balanced	Pair Corr
0.39	FGPMX	Franklin Gold And	Pair Corr
0.37	FRGOX	Franklin Gold Precious	Pair Corr
0.36	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.34	WBAIX	Weitz Balanced	Pair Corr
0.31	FIDSX	Financial Services	Pair Corr
0.9	LYFAX	Alphacentric Lifesci	Pair Corr
0.86	EVAIX	Eaton Vance Virginia	Pair Corr
0.86	AMIPX	Amana Participation	Pair Corr
0.84	SHMDX	Stone Harbor Emerging	Pair Corr
0.78	MNOIX	Mainstay New York	Pair Corr
0.78	ILMBX	Voya Limited Maturity	Pair Corr
0.67	JGCGX	Jpmorgan Income	Pair Corr
0.63	IVFIX	Federated International	Pair Corr

Related Correlations Analysis

	QQQX	BXMX	EVV	HILVX	JDHCX	JHYFX	JDHYX	LVAEX
QQQX		0.92	0.21	0.73	0.83	0.83	0.84	0.73	QQQX
BXMX	0.92		0.31	0.7	0.74	0.73	0.74	0.63	BXMX
EVV	0.21	0.31		0.39	0.44	0.43	0.42	-0.06	EVV
HILVX	0.73	0.7	0.39		0.85	0.85	0.85	0.65	HILVX
JDHCX	0.83	0.74	0.44	0.85		0.99	0.99	0.58	JDHCX
JHYFX	0.83	0.73	0.43	0.85	0.99		0.99	0.6	JHYFX
JDHYX	0.84	0.74	0.42	0.85	0.99	0.99		0.6	JDHYX
LVAEX	0.73	0.63	-0.06	0.65	0.58	0.6	0.6		LVAEX
	QQQX	BXMX	EVV	HILVX	JDHCX	JHYFX	JDHYX	LVAEX

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

JHYFX	+ 0.99	JDHCX
JDHYX	+ 0.99	JDHCX
JDHYX	+ 0.99	JHYFX
BXMX	+ 0.92	QQQX
JDHCX	+ 0.85	HILVX
JHYFX	+ 0.85	HILVX

High negative correlations

LVAEX

- 0.06

EVV

Risk-Adjusted Indicators

There is a big difference between Doubleline Fund performing well and Doubleline Income 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 Income'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
QQQX	0.69	0.03	0.02	0.09	0.95	(0.67)	1.44	(1.53)	3.92
BXMX	0.53	0.01	(0.01)	0.07	0.74	(0.52)	1.06	(1.05)	3.23
EVV	0.35	(0.02)	(0.10)	(0.02)	0.53	(0.34)	0.61	(0.71)	2.70
HILVX	0.56	(0.03)	(0.04)	0.02	0.70	(0.63)	1.21	(1.08)	3.12
JDHCX	0.15	(0.01)	(0.22)	0.02	0.11	(0.24)	0.41	(0.27)	1.07
JHYFX	0.14	0.00	(0.18)	0.04	0.09	(0.26)	0.41	(0.27)	1.07
JDHYX	0.15	(0.01)	(0.22)	0.02	0.12	(0.22)	0.40	(0.27)	0.81
LVAEX	0.95	0.31	0.29	0.57	0.51	(1.18)	1.49	(1.31)	22.35

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