Doubleline Total Correlations

DBLTX Fund

USD 8.84 0.05 0.57%

The current 90-days correlation between Doubleline Total Return and Qs Global Equity is 0.28 (i.e., Modest diversification). The correlation of Doubleline Total 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 Total Correlation With Market

Average diversification

The correlation between Doubleline Total Return and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Total Return 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 Total Return. 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 estimate.

Moving together with Doubleline Mutual Fund

0.67	DLENX	Doubleline Emerging	Pair Corr
0.8	DLELX	Doubleline Emerging	Pair Corr
0.99	DLFNX	Doubleline E Fixed	Pair Corr
0.87	DLEUX	Doubleline Shiller	Pair Corr
0.9	DLGBX	Doubleline Global Bond	Pair Corr
0.82	DLLDX	Doubleline Long Duration	Pair Corr
1.0	DLTNX	Doubleline Total Return	Pair Corr
0.99	BILTX	Doubleline Infrastructure	Pair Corr
0.99	BILDX	Doubleline Infrastructure	Pair Corr
0.87	DSEUX	Doubleline Shiller	Pair Corr
0.83	DSENX	Doubleline Shiller	Pair Corr
0.84	DSEEX	Doubleline Shiller	Pair Corr
0.77	DBELX	Doubleline Emerging	Pair Corr
0.72	DBLEX	Doubleline Emerging	Pair Corr
0.91	DBLGX	Doubleline Global Bond	Pair Corr
1.0	DBLFX	Doubleline E Fixed	Pair Corr
0.83	DBLDX	Doubleline Long Duration	Pair Corr
0.87	DBSCX	Doubleline Selective	Pair Corr
1.0	DDCFX	Doubleline Core Fixed	Pair Corr
0.83	DDCPX	Doubleline Shiller	Pair Corr
0.99	DDTRX	Doubleline Total Return	Pair Corr
0.97	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr

Moving against Doubleline Mutual Fund

0.32

USPSX

Profunds Ultrashort Steady Growth

Pair Corr

Related Correlations Analysis

	SMYIX	MSTGX	DHGCX	DBLGX	DBIWX	XAWFX
SMYIX		0.67	0.67	0.82	0.63	0.76	SMYIX
MSTGX	0.67		0.68	0.7	0.94	0.63	MSTGX
DHGCX	0.67	0.68		0.83	0.73	0.82	DHGCX
DBLGX	0.82	0.7	0.83		0.63	0.84	DBLGX
DBIWX	0.63	0.94	0.73	0.63		0.65	DBIWX
XAWFX	0.76	0.63	0.82	0.84	0.65		XAWFX
	SMYIX	MSTGX	DHGCX	DBLGX	DBIWX	XAWFX

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Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Total 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 Total'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
SMYIX	0.65	(0.01)	(0.01)	(0.01)	1.08	(0.59)	1.07	(1.61)	4.20
MSTGX	0.26	0.05	0.09	(5.09)	0.26	(0.32)	0.64	(0.42)	1.93
DHGCX	0.16	0.01	0.03	(0.77)	0.09	(0.22)	0.37	(0.36)	1.10
DBLGX	0.25	0.01	0.02	0.11	0.20	(0.36)	0.62	(0.36)	1.45
DBIWX	0.23	0.04	0.07	(0.60)	0.25	(0.27)	0.59	(0.39)	1.86
XAWFX	0.13	0.00	(0.02)	(1.26)	0.20	(0.14)	0.26	(0.44)	1.15

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