Doubleline Shiller Correlations

DSEUX Fund

USD 11.94 0.04 0.34%

The current 90-days correlation between Doubleline Shiller and Multisector Bond Sma is 0.26 (i.e., Modest diversification). 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

Modest diversification

The correlation between Doubleline Shiller Enhanced and DJI is 0.25 (i.e., Modest 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 employment.

Moving together with Doubleline Mutual Fund

0.95	DLENX	Doubleline Emerging	Pair Corr
0.96	DLELX	Doubleline Emerging	Pair Corr
0.95	DLFNX	Doubleline E Fixed	Pair Corr
1.0	DLEUX	Doubleline Shiller	Pair Corr
0.97	DLGBX	Doubleline Global Bond	Pair Corr
0.96	DLINX	Doubleline Flexible	Pair Corr
0.91	DLLDX	Doubleline Long Duration Potential Growth	Pair Corr
0.96	DLSNX	Doubleline Low Duration	Pair Corr
0.95	DLTNX	Doubleline Total Return	Pair Corr
0.93	BILTX	Doubleline Infrastructure	Pair Corr
0.95	BILDX	Doubleline Infrastructure	Pair Corr
0.95	DBELX	Doubleline Emerging	Pair Corr
0.93	DBLTX	Doubleline Total Return	Pair Corr
0.96	DBLSX	Doubleline Low Duration	Pair Corr
0.95	DBLNX	Doubleline Income	Pair Corr
0.96	DBLLX	Doubleline Low Duration	Pair Corr
0.95	DBLIX	Doubleline Income	Pair Corr
0.96	DBLEX	Doubleline Emerging	Pair Corr
0.97	DBLGX	Doubleline Global Bond	Pair Corr
0.93	DBLFX	Doubleline E Fixed	Pair Corr
0.91	DBLDX	Doubleline Long Duration Potential Growth	Pair Corr
0.95	DBSCX	Doubleline Selective	Pair Corr
0.93	DDCFX	Doubleline Core Fixed	Pair Corr
0.95	DDLDX	Doubleline Low Duration	Pair Corr
0.93	DDTRX	Doubleline Total Return	Pair Corr
0.96	DELNX	Doubleline Low Duration	Pair Corr
0.96	DFFLX	Doubleline Flexible	Pair Corr
0.96	DFLEX	Doubleline Flexible	Pair Corr
0.98	VEUSX	Vanguard European Stock	Pair Corr
0.98	VESIX	Vanguard European Stock Potential Growth	Pair Corr

Moving against Doubleline Mutual Fund

0.65	DLMOX	Doubleline Multi Asset	Pair Corr
0.67	DBMOX	Doubleline Multi Asset	Pair Corr
0.45	VSMPX	Vanguard Total Stock	Pair Corr
0.45	VSTSX	Vanguard Total Stock	Pair Corr
0.45	VITSX	Vanguard Total Stock	Pair Corr
0.42	VTSAX	Vanguard Total Stock	Pair Corr
0.42	VTSMX	Vanguard Total Stock	Pair Corr
0.38	VFIAX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	MBSAX	FLQTVX	CBOEX	PRVBX	CSBCX	BXHCX
MBSAX		0.98	0.94	0.97	0.96	0.81	MBSAX
FLQTVX	0.98		0.96	0.98	0.96	0.79	FLQTVX
CBOEX	0.94	0.96		0.96	0.98	0.71	CBOEX
PRVBX	0.97	0.98	0.96		0.95	0.81	PRVBX
CSBCX	0.96	0.96	0.98	0.95		0.76	CSBCX
BXHCX	0.81	0.79	0.71	0.81	0.76		BXHCX
	MBSAX	FLQTVX	CBOEX	PRVBX	CSBCX	BXHCX

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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
MBSAX	0.18	0.01	0.04	(0.16)	0.20	(0.21)	0.36	(0.30)	1.34
FLQTVX	0.12	0.00	0.05	(0.16)	0.07	(0.13)	0.24	(0.22)	0.77
CBOEX	0.17	0.02	0.12	1.30	0.00	(0.20)	0.33	(0.24)	0.98
PRVBX	0.10	0.01	0.11	(0.48)	0.00	(0.13)	0.23	(0.17)	0.53
CSBCX	0.22	0.02	0.08	0.56	0.18	(0.25)	0.49	(0.41)	1.42
BXHCX	0.13	0.00	0.02	(0.07)	0.11	(0.20)	0.37	(0.37)	1.00

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