DSL vs MMT: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and Aberdeen Multi-Market Income Fund (MMT) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and MMT?
Over the past 3 years, DSL and MMT moved with a correlation of 0.73, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.73 over 3 years. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 75.2 %².
By 3-year correlation, MMT places #11 of the 30 assets tracked against DSL. Over the last 12 months MMT came out ahead by 6.9 percentage points (-3.7% against +3.2%).
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 MMT: side by side
| DSL (DoubleLine Income Solutions Fund) | MMT (Aberdeen Multi-Market Income Fund) | |
|---|---|---|
| 1-year return | -3.7% | +3.2% |
| 5-year return | +5.8% | +5.0% |
| Volatility (ann.) | 12.2% | 8.4% |
| Beta vs S&P 500 | 0.49 | 0.27 |
| Max drawdown (3Y) | -13.5% | -7.1% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | 33.2 | 11.7 |
| Dividend yield | 0.00% | 9.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | MMT |
|---|---|---|
| 2022 | -22.6% | -23.0% |
| 2023 | +23.4% | +10.1% |
| 2024 | +14.0% | +12.5% |
| 2025 | -0.0% | +8.1% |
| 2026 | +2.1% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and MMT good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DSL and MMT?
As of 2026-08-27, the correlation of weekly returns between DSL and MMT is 0.73 over 3 years, 0.60 over 1 year and 0.69 over 5 years.
Is MMT a good diversifier for DSL?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsl-vs-mmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsl-vs-mmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSL correlations · MMT correlations
