Asset Comparison and Correlation
|DoubleLine Total Return Bond I vs S&P 500|
Assuming 30 trading days horizon, DoubleLine Total Return Bond I is expected to under-perform the SP 500. But the fund apears to be less risky and, when comparing its historical volatility, DoubleLine Total Return Bond I is 4.07 times less risky than SP 500. The fund trades about -0.14 of its potential returns per unit of risk. The S&P 500 is currently generating about 0.32 of returns per unit of risk over similar time horizon. If you would invest 158,224 in S&P 500 on April 25, 2013 and sell it today you would earn a total of 6,736 from holding S&P 500 or generate 4.26% return on investment over 30 days.
Over the last 30 days DoubleLine Total Return Bond I has generated negative risk-adjusted returns adding no value to investors with long positions.
Match-ups for DoubleLine
Match-ups for SP 500