Doubleline Yield Correlations

XDLYX Fund

USD 16.18 0.03 0.19%

The current 90-days correlation between Doubleline Yield Opp and Siit Small Cap is 0.6 (i.e., Poor diversification). The correlation of Doubleline Yield 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 Yield Correlation With Market

Significant diversification

The correlation between Doubleline Yield Opportunities and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubleline Yield Opportunities and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Doubleline Yield Opportunities. 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 manufacturing.

Moving together with Doubleline Mutual Fund

0.85	BRUFX	Bruce Fund Bruce	Pair Corr
0.68	DIS	Walt Disney	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr

Moving against Doubleline Mutual Fund

0.53	RYMEX	Commodities Strategy	Pair Corr
0.53	RYMJX	Commodities Strategy	Pair Corr
0.53	RYMBX	Commodities Strategy	Pair Corr
0.5	BA	Boeing	Pair Corr

Related Correlations Analysis

	SLPAX	ARTSX	DFUKX	VVPSX	ANTMX	MSSGX
SLPAX		0.95	0.58	0.87	0.72	0.44	SLPAX
ARTSX	0.95		0.47	0.81	0.7	0.35	ARTSX
DFUKX	0.58	0.47		0.83	0.85	0.46	DFUKX
VVPSX	0.87	0.81	0.83		0.92	0.46	VVPSX
ANTMX	0.72	0.7	0.85	0.92		0.45	ANTMX
MSSGX	0.44	0.35	0.46	0.46	0.45		MSSGX
	SLPAX	ARTSX	DFUKX	VVPSX	ANTMX	MSSGX

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Risk-Adjusted Indicators

There is a big difference between Doubleline Mutual Fund performing well and Doubleline Yield 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 Yield'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
SLPAX	0.77	(0.11)	0.00	(0.15)	0.00	0.00	1.48	(1.47)	7.11
ARTSX	1.04	(0.13)	0.00	(0.17)	0.00	0.00	2.14	(2.76)	7.68
DFUKX	0.73	0.02	0.03	0.01	1.06	(0.68)	1.45	(1.50)	4.86
VVPSX	0.73	(0.03)	0.00	(0.07)	0.00	0.00	1.41	(1.41)	5.29
ANTMX	0.63	(0.01)	0.00	(0.04)	0.00	0.00	1.23	(1.39)	3.85
MSSGX	1.54	(0.03)	0.00	(0.06)	0.00	0.00	3.29	(2.85)	10.50

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