Doubleline Core Correlations

DDCFX Fund

USD 9.18 0.04 0.43%

The current 90-days correlation between Doubleline Core Fixed and Df Dent Small is -0.12 (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 -0.11 (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

0.82	DLINX	Doubleline Flexible	Pair Corr
0.96	DLTNX	Doubleline Total Return	Pair Corr
0.74	DBLSX	Doubleline Low Duration	Pair Corr
0.97	MWTNX	Metropolitan West Total	Pair Corr
0.98	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.95	PTRRX	Total Return	Pair Corr
0.95	PTRAX	Total Return	Pair Corr
0.95	PTTRX	Total Return	Pair Corr
0.98	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.97	MWTIX	Metropolitan West Total	Pair Corr
0.98	MWTRX	Metropolitan West Total	Pair Corr
0.62	RMMGX	Short Term Bond	Pair Corr
0.8	CBOEX	Intermediate Bond	Pair Corr
0.89	MFIRX	Ms Global Fixed	Pair Corr

Moving against Doubleline Mutual Fund

0.35	TCTGX	Transamerica Cleartrack	Pair Corr
0.35	TDKTX	Cleartrack 2015 Class	Pair Corr
0.35	TCTJX	Transamerica Cleartrack	Pair Corr
0.32	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	DFDSX	QSERX	OWSMX	MSSGX	NSMAX	GMAWX
DFDSX		0.97	0.87	0.86	0.98	0.99	DFDSX
QSERX	0.97		0.9	0.93	0.96	0.98	QSERX
OWSMX	0.87	0.9		0.85	0.88	0.89	OWSMX
MSSGX	0.86	0.93	0.85		0.82	0.87	MSSGX
NSMAX	0.98	0.96	0.88	0.82		0.98	NSMAX
GMAWX	0.99	0.98	0.89	0.87	0.98		GMAWX
	DFDSX	QSERX	OWSMX	MSSGX	NSMAX	GMAWX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DFDSX	1.27	(0.01)	(0.13)	2.32	(2.67)	12.63
QSERX	1.32	0.02	(0.11)	2.66	(3.07)	11.37
OWSMX	0.88	0.08	(0.02)	1.68	(1.84)	7.99
MSSGX	2.12	0.10	(0.06)	4.23	(3.97)	15.77
NSMAX	1.24	0.00	(0.12)	2.25	(2.31)	12.54
GMAWX	1.31	0.00	(0.12)	1.97	(2.59)	13.41

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC