Doubleline Core Correlations

DDCFX Fund

USD 9.30 0.01 0.11%

The current 90-days correlation between Doubleline Core Fixed and Icon Financial Fund is -0.08 (i.e., Good 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 Core Fixed and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Core 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 Core 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

0.97	DLFNX	Doubleline E Fixed	Pair Corr
0.94	DLINX	Doubleline Flexible	Pair Corr
0.97	DLTNX	Doubleline Total Return	Pair Corr
0.96	BILDX	Doubleline Infrastructure	Pair Corr
0.93	DSEUX	Doubleline Shiller Potential Growth	Pair Corr
0.89	DBELX	Doubleline Emerging	Pair Corr
0.93	DBLNX	Doubleline Income	Pair Corr
0.95	DBLEX	Doubleline Emerging	Pair Corr
0.95	DBLGX	Doubleline Global Bond	Pair Corr
0.97	DBLFX	Doubleline E Fixed	Pair Corr
0.97	DBSCX	Doubleline Selective	Pair Corr
0.97	MWTNX	Metropolitan West Total	Pair Corr
0.97	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.97	PTRRX	Total Return	Pair Corr
0.97	PTRAX	Total Return	Pair Corr
0.97	PTTRX	Total Return	Pair Corr
0.96	FIWGX	Strategic Advisers	Pair Corr
0.96	DODIX	Dodge Income	Pair Corr
0.97	MWTIX	Metropolitan West Total	Pair Corr
0.97	MWTRX	Metropolitan West Total	Pair Corr
0.86	VGTSX	Vanguard Total Inter	Pair Corr
0.86	VTIAX	Vanguard Total Inter	Pair Corr
0.81	UTF	Cohen And Steers	Pair Corr
0.95	VICSX	Vanguard Intermediate-ter	Pair Corr

Moving against Doubleline Mutual Fund

0.51	DLMOX	Doubleline Multi Asset	Pair Corr
0.57	VTSAX	Vanguard Total Stock	Pair Corr
0.57	VTSMX	Vanguard Total Stock	Pair Corr
0.57	VITSX	Vanguard Total Stock	Pair Corr
0.54	VFIAX	Vanguard 500 Index	Pair Corr
0.54	VFINX	Vanguard 500 Index	Pair Corr
0.53	VSMPX	Vanguard Total Stock	Pair Corr
0.53	VSTSX	Vanguard Total Stock	Pair Corr
0.49	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	ICFAX	XFINX	RMBKX	GCFSX	MSVIX	PGFMX	SBFAX
ICFAX		0.44	0.88	0.08	0.81	0.36	0.76	ICFAX
XFINX	0.44		0.59	0.45	0.45	0.55	0.69	XFINX
RMBKX	0.88	0.59		0.18	0.85	0.46	0.82	RMBKX
GCFSX	0.08	0.45	0.18		-0.09	0.9	0.62	GCFSX
MSVIX	0.81	0.45	0.85	-0.09		0.19	0.56	MSVIX
PGFMX	0.36	0.55	0.46	0.9	0.19		0.74	PGFMX
SBFAX	0.76	0.69	0.82	0.62	0.56	0.74		SBFAX
	ICFAX	XFINX	RMBKX	GCFSX	MSVIX	PGFMX	SBFAX

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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

PGFMX	+ 0.9	GCFSX
RMBKX	+ 0.88	ICFAX
MSVIX	+ 0.85	RMBKX
SBFAX	+ 0.82	RMBKX
MSVIX	+ 0.81	ICFAX
SBFAX	+ 0.76	ICFAX

High negative correlations

MSVIX

- 0.09

GCFSX

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
ICFAX	0.83	(0.04)	0.00	(0.08)	0.00	0.00	1.32	(2.10)	3.93
XFINX	0.14	(0.02)	0.00	0.36	0.00	0.00	0.28	(0.64)	1.27
RMBKX	1.15	(0.13)	0.00	(0.16)	0.00	0.00	2.19	(3.08)	6.79
GCFSX	0.75	0.04	0.07	(0.41)	1.04	(0.76)	1.80	(2.41)	4.68
MSVIX	0.99	(0.18)	0.00	(0.22)	0.00	0.00	1.60	(2.19)	10.85
PGFMX	0.39	(0.03)	0.00	0.16	0.00	0.00	0.85	(0.86)	2.21
SBFAX	0.79	0.01	0.00	(0.02)	0.00	0.00	1.69	(1.92)	5.22

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