Doubleline Core Correlations

DLFNX Fund

USD 9.28 0.01 0.11%

The current 90-days correlation between Doubleline E Fixed and Government Securities Fund is 0.02 (i.e., Significant 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

Average diversification

The correlation between Doubleline E Fixed and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline E 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 E 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 board of governors.

Moving together with Doubleline Mutual Fund

0.93	DLINX	Doubleline Flexible	Pair Corr
0.83	DLTNX	Doubleline Total Return	Pair Corr
1.0	BILDX	Doubleline Infrastructure	Pair Corr
0.9	DSEUX	Doubleline Shiller	Pair Corr
0.78	DBELX	Doubleline Emerging	Pair Corr
0.96	DBLNX	Doubleline Income	Pair Corr
0.95	DBLEX	Doubleline Emerging	Pair Corr
0.87	DBLGX	Doubleline Global Bond	Pair Corr
0.84	DBLFX	Doubleline E Fixed	Pair Corr
0.98	DBSCX	Doubleline Selective	Pair Corr
0.83	DDCFX	Doubleline Core Fixed	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
1.0	PTTPX	Pimco Total Return	Pair Corr
1.0	PTRRX	Total Return	Pair Corr
0.83	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
1.0	DODIX	Dodge Income	Pair Corr
1.0	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.73	VGTSX	Vanguard Total Inter	Pair Corr
0.73	VTIAX	Vanguard Total Inter	Pair Corr
0.99	VICSX	Vanguard Intermediate-ter	Pair Corr

Moving against Doubleline Mutual Fund

0.31	DLCMX	Doubleline Strategic	Pair Corr
0.42	VTSAX	Vanguard Total Stock	Pair Corr
0.42	VTSMX	Vanguard Total Stock	Pair Corr
0.42	VSMPX	Vanguard Total Stock	Pair Corr
0.42	VSTSX	Vanguard Total Stock	Pair Corr
0.42	VITSX	Vanguard Total Stock	Pair Corr
0.39	VFIAX	Vanguard 500 Index	Pair Corr
0.39	VFINX	Vanguard 500 Index	Pair Corr
0.39	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	UIGSX	RGVJX	FCSCX	USGFX	SSAGX	TCSGX	UGSFX
UIGSX		1.0	0.92	1.0	0.92	0.93	1.0	UIGSX
RGVJX	1.0		0.93	1.0	0.92	0.95	1.0	RGVJX
FCSCX	0.92	0.93		0.93	0.99	0.99	0.93	FCSCX
USGFX	1.0	1.0	0.93		0.92	0.95	1.0	USGFX
SSAGX	0.92	0.92	0.99	0.92		0.98	0.92	SSAGX
TCSGX	0.93	0.95	0.99	0.95	0.98		0.94	TCSGX
UGSFX	1.0	1.0	0.93	1.0	0.92	0.94		UGSFX
	UIGSX	RGVJX	FCSCX	USGFX	SSAGX	TCSGX	UGSFX

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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
UIGSX	0.20	0.02	0.32	1.01	0.13	(0.26)	0.46	(0.35)	1.04
RGVJX	0.25	0.03	0.28	0.69	0.21	(0.29)	0.60	(0.42)	1.55
FCSCX	0.06	0.01	0.55	0.69	0.00	(0.18)	0.13	(0.13)	0.66
USGFX	0.25	0.03	0.30	0.95	0.20	(0.31)	0.51	(0.42)	1.55
SSAGX	0.06	0.01	0.72	2.76	0.00	(0.16)	0.10	(0.10)	0.51
TCSGX	0.08	0.01	0.61	2.21	0.00	(0.14)	0.20	(0.10)	0.59
UGSFX	0.24	0.03	0.27	0.67	0.21	(0.30)	0.60	(0.42)	1.55

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