Which stocks are most correlated with DBL?

Based on one year of daily returns, the stocks most correlated with DOUBLELINE OPPORTUNISTIC CREDIT FUND (DBL) are DSL (0.52), DLY (0.51) and HYI (0.48). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with DBL?

Over the past year, the stocks most inversely correlated with DOUBLELINE OPPORTUNISTIC CREDIT FUND (DBL) are MZZ (-0.39), SMDD (-0.38) and MYY (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

DOUBLELINE OPPORTUNISTIC CREDIT FUND (DBL) — Stock Correlations & Overview

Over the past year, DBL has moved most closely with DSL, DLY, HYI. Explore the stocks most correlated and inversely correlated with DBL below, along with its price, financials, and company profile.

Stocks correlated with DBL

Correlation of daily returns. Higher positive values move with DBL; negative values move opposite it. Informational only, not investment advice.

Most correlated with DBL

Symbol	Company	Correlation
DSL	DOUBLELINE INCOME SOLUTIONS FUND	0.52
DLY	DoubleLine Yield Opportunities Fund	0.51
HYI	Western Asset High Yield Opportunity Fund Inc.	0.48
GBAB	Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust	0.48
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.48

Most inversely correlated with DBL

Symbol	Company	Correlation
MZZ	ProShares UltraShort MidCap400	-0.39
SMDD	ProShares UltraPro Short MidCap400	-0.38
MYY	ProShares Short MidCap400	-0.38
SBB	ProShares Short SmallCap600	-0.38
SDD	ProShares UltraShort SmallCap600	-0.37

Frequently asked questions about DBL correlations

Which stocks are most correlated with DBL?: Based on one year of daily returns, the stocks most correlated with DOUBLELINE OPPORTUNISTIC CREDIT FUND (DBL) are DSL (0.52), DLY (0.51) and HYI (0.48). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with DBL?: Over the past year, the stocks most inversely correlated with DOUBLELINE OPPORTUNISTIC CREDIT FUND (DBL) are MZZ (-0.39), SMDD (-0.38) and MYY (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these DBL correlations calculated?: We compute the correlation of daily returns between DBL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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