DBL vs JRI: Correlation
How closely do DoubleLine Opportunistic Credit Fund (DBL) and Nuveen Real Asset Income and Growth Fund (JRI) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBL and JRI?
On 3 years of weekly data the DBL/JRI correlation comes out at 0.61, strong. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 71.5 %².
Few assets follow DBL as closely as JRI, which ranks #3 of 10 tracked partners. On 12-month performance JRI holds a 5.8-point edge, -0.5% against +5.3%. One caveat on sizing: JRI is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DBL vs JRI: side by side
| DBL (DoubleLine Opportunistic Credit Fund) | JRI (Nuveen Real Asset Income and Growth Fund) | |
|---|---|---|
| 1-year return | -0.5% | +5.3% |
| 5-year return | +10.1% | +31.7% |
| Volatility (ann.) | 6.9% | 17.0% |
| Beta vs S&P 500 | 0.17 | 0.64 |
| Max drawdown (3Y) | -5.7% | -13.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | 21.1 | 7.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBL | JRI |
|---|---|---|
| 2022 | -15.8% | -20.8% |
| 2023 | +13.1% | +10.1% |
| 2024 | +10.0% | +16.3% |
| 2025 | +7.2% | +26.8% |
| 2026 | -1.4% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBL and JRI good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DBL and JRI?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.55 over the last year and 0.44 over 5 years.
Is JRI a good diversifier for DBL?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dbl-vs-jri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbl-vs-jri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DBL correlations · JRI correlations
