Doubleline Shiller Correlations

DLEUX Fund

USD 12.36 0.04 0.32%

The current 90-days correlation between Doubleline Shiller and Doubleline Shiller Enhanced is -0.1 (i.e., Good 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

Poor diversification

The correlation between Doubleline Shiller Enhanced and DJI is 0.6 (i.e., Poor 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

0.67	DLCMX	Doubleline Strategic	Pair Corr
0.8	DLENX	Doubleline Emerging	Pair Corr
0.85	DLELX	Doubleline Emerging	Pair Corr
0.84	DLFRX	Doubleline Floating Rate	Pair Corr
0.77	DLINX	Doubleline Flexible	Pair Corr
0.71	DLSNX	Doubleline Low Duration	Pair Corr
1.0	DSEUX	Doubleline Shiller	Pair Corr
0.84	DSENX	Doubleline Shiller	Pair Corr
0.84	DSEEX	Doubleline Shiller	Pair Corr
0.67	DBCMX	Doubleline Strategic	Pair Corr
0.71	DBELX	Doubleline Emerging	Pair Corr
0.84	DBFRX	Doubleline Floating Rate	Pair Corr
0.71	DBLSX	Doubleline Low Duration	Pair Corr
0.62	DBLNX	Doubleline Income	Pair Corr
0.82	DBLLX	Doubleline Low Duration	Pair Corr
0.8	DBLEX	Doubleline Emerging	Pair Corr
0.84	DDCPX	Doubleline Shiller	Pair Corr
0.73	DDLDX	Doubleline Low Duration	Pair Corr
0.71	DELNX	Doubleline Low Duration	Pair Corr
0.77	DFFLX	Doubleline Flexible	Pair Corr
0.94	VEUSX	Vanguard European Stock	Pair Corr
0.94	VESIX	Vanguard European Stock	Pair Corr
0.93	VEUPX	Vanguard European Stock	Pair Corr
0.94	VEURX	Vanguard European Stock	Pair Corr
0.93	CIUEX	Six Circles International	Pair Corr
0.93	AEDYX	Invesco European Growth	Pair Corr

Moving against Doubleline Mutual Fund

0.33	DLLDX	Doubleline Long Duration	Pair Corr
0.33	DBLDX	Doubleline Long Duration	Pair Corr

Related Correlations Analysis

	DSENX	DSEUX	DLCMX	CAPE	DLREX
DSENX		0.84	0.76	0.89	0.0	DSENX
DSEUX	0.84		0.67	0.81	0.0	DSEUX
DLCMX	0.76	0.67		0.68	0.0	DLCMX
CAPE	0.89	0.81	0.68		0.0	CAPE
DLREX	0.0	0.0	0.0	0.0		DLREX
	DSENX	DSEUX	DLCMX	CAPE	DLREX

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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

CAPE	+ 0.89	DSENX
DSEUX	+ 0.84	DSENX
CAPE	+ 0.81	DSEUX
DLCMX	+ 0.76	DSENX
CAPE	+ 0.68	DLCMX
DLCMX	+ 0.67	DSEUX

High negative correlations

DLREX	- 0.0	CAPE
DLREX	- 0.0	DLCMX
DLREX	- 0.0	DSEUX
DLREX	- 0.0	DSENX

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
DSENX	0.97	0.07	0.02	(2.65)	1.37	(1.02)	2.03	(2.15)	9.63
DSEUX	0.95	0.05	0.02	0.14	1.77	(0.91)	1.54	(1.44)	6.86
DLCMX	0.61	(0.03)	0.00	(0.28)	0.00	0.00	1.06	(1.42)	3.63
CAPE	0.93	0.07	0.01	1.42	1.29	(0.96)	1.93	(1.96)	9.29
DLREX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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