DSL vs ERC: Correlation
Measured on weekly returns over the past three years, DoubleLine Income Solutions Fund (DSL) and Allspring Multi-Sector Income Fund (ERC) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and ERC?
Across a 3-year window, the weekly returns of DSL and ERC correlate at 0.75, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.69, with an annualized covariance of 92.1 %².
Within DSL's tracked universe of 30 assets, ERC comes in at #7 by 3-year correlation. The trailing year gives ERC the advantage: -3.7% versus +6.7%, a 10.4-point spread.
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.
DSL vs ERC: side by side
| DSL (DoubleLine Income Solutions Fund) | ERC (Allspring Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | -3.7% | +6.7% |
| 5-year return | +5.8% | +11.4% |
| Volatility (ann.) | 12.2% | 10.1% |
| Beta vs S&P 500 | 0.49 | 0.41 |
| Max drawdown (3Y) | -13.5% | -9.8% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | 33.2 | 9.7 |
| Dividend yield | 0.00% | 9.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | ERC |
|---|---|---|
| 2022 | -22.6% | -17.8% |
| 2023 | +23.4% | +4.9% |
| 2024 | +14.0% | +6.1% |
| 2025 | -0.0% | +11.1% |
| 2026 | +2.1% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and ERC good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DSL and ERC?
As of 2026-08-27, the correlation of weekly returns between DSL and ERC is 0.75 over 3 years, 0.73 over 1 year and 0.69 over 5 years.
Is ERC a good diversifier for DSL?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DSL correlations · ERC correlations
