Doubleline Core Correlations

DDCFX Fund

USD 9.21 0.01 0.11%

The current 90-days correlation between Doubleline Core Fixed and Metropolitan West Total is 0.94 (i.e., Almost no 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 -0.05 (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

0.61	DLCMX	Doubleline Strategic	Pair Corr
0.83	DLENX	Doubleline Emerging	Pair Corr
0.85	DLELX	Doubleline Emerging	Pair Corr
0.75	DLFRX	Doubleline Floating Rate	Pair Corr
0.94	DLFNX	Doubleline E Fixed	Pair Corr
0.89	DLGBX	Doubleline Global Bond	Pair Corr
0.84	DLINX	Doubleline Flexible	Pair Corr
0.88	DLSNX	Doubleline Low Duration	Pair Corr
0.97	DLTNX	Doubleline Total Return	Pair Corr
0.69	BILTX	Doubleline Infrastructure	Pair Corr
0.71	BILDX	Doubleline Infrastructure	Pair Corr
0.75	DSENX	Doubleline Shiller	Pair Corr
0.75	DSEEX	Doubleline Shiller	Pair Corr
0.85	DBELX	Doubleline Emerging	Pair Corr
0.75	DBFRX	Doubleline Floating Rate	Pair Corr
0.99	DBLTX	Doubleline Total Return	Pair Corr
0.89	DBLSX	Doubleline Low Duration	Pair Corr
0.84	DBLNX	Doubleline Income	Pair Corr
0.83	DBLLX	Doubleline Low Duration	Pair Corr
0.84	DBLIX	Doubleline Income	Pair Corr
0.82	DBLEX	Doubleline Emerging	Pair Corr
0.89	DBLGX	Doubleline Global Bond	Pair Corr
0.93	DBLFX	Doubleline E Fixed	Pair Corr
0.85	DBSCX	Doubleline Selective	Pair Corr
0.73	DDCPX	Doubleline Shiller	Pair Corr
0.92	DDLDX	Doubleline Low Duration	Pair Corr
0.92	DDTRX	Doubleline Total Return	Pair Corr
0.85	DELNX	Doubleline Low Duration	Pair Corr
0.84	DFLEX	Doubleline Flexible	Pair Corr
0.9	MWTNX	Metropolitan West Total	Pair Corr
0.91	MWTSX	Metropolitan West Total	Pair Corr
0.93	PTTPX	Pimco Total Return	Pair Corr
0.92	PTRRX	Total Return	Pair Corr

Related Correlations Analysis

	MWTRX	LSBRX	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL
MWTRX		0.84	0.63	0.69	0.59	0.67	0.0	0.4	0.31	0.51	MWTRX
LSBRX	0.84		0.93	0.95	0.91	0.94	0.0	0.12	0.07	0.87	LSBRX
MSTSX	0.63	0.93		0.98	0.98	1.0	0.0	-0.1	-0.14	0.95	MSTSX
LBHIX	0.69	0.95	0.98		0.97	0.98	0.0	-0.06	-0.09	0.94	LBHIX
VIASP	0.59	0.91	0.98	0.97		0.98	0.0	-0.15	-0.19	0.97	VIASP
RRTLX	0.67	0.94	1.0	0.98	0.98		0.0	-0.09	-0.13	0.96	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OSHDF
70082LAB3	0.4	0.12	-0.1	-0.06	-0.15	-0.09	0.0		0.74	-0.21	70082LAB3
SITKF	0.31	0.07	-0.14	-0.09	-0.19	-0.13	0.0	0.74		-0.18	SITKF
RWAYL	0.51	0.87	0.95	0.94	0.97	0.96	0.0	-0.21	-0.18		RWAYL
	MWTRX	LSBRX	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL

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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

RRTLX	+ 1.0	MSTSX
LBHIX	+ 0.98	MSTSX
VIASP	+ 0.98	MSTSX
RRTLX	+ 0.98	LBHIX
RRTLX	+ 0.98	VIASP
VIASP	+ 0.97	LBHIX

High negative correlations

RWAYL	- 0.21	70082LAB3
SITKF	- 0.19	VIASP
RWAYL	- 0.18	SITKF
70082LAB3	- 0.15	VIASP
SITKF	- 0.14	MSTSX
SITKF	- 0.13	RRTLX

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
MWTRX	0.31	0.02	(0.27)	7.68	0.30	(0.34)	0.57	(0.56)	1.59
LSBRX	0.17	0.06	(0.31)	(3.23)	0.00	(0.22)	0.34	(0.26)	1.13
MSTSX	0.50	0.21	0.09	(2.16)	0.31	(0.58)	1.45	(1.17)	3.51
LBHIX	0.18	0.05	(0.20)	0.44	0.00	(0.33)	0.49	(0.24)	1.22
VIASP	0.45	0.15	0.09	1.19	0.00	(0.58)	1.01	(0.76)	4.38
RRTLX	0.24	0.10	(0.09)	(2.41)	0.00	(0.31)	0.76	(0.39)	1.74
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.56	0.02	0.00	0.11	0.00	0.00	2.55	(4.54)	20.47
SITKF	2.97	0.32	0.01	(0.20)	3.61	(4.66)	6.25	(6.98)	23.19
RWAYL	0.15	0.04	(0.41)	1.21	0.00	(0.20)	0.36	(0.24)	1.01

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