Looking to diversify beyond DAADX? The mutual funds below have historically moved differently from DAADX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DAADX
2 mutual funds have low correlation with DAADX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.17, down from 0.51 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.17 | 0.51 | — | 51 | Foreign Large Cap Equities, Emerging Markets Equities | DAADX vs GSIYX | |
| The Cook & Bynum Fund | 0.20 | 0.35 | — | 70 | Emerging Markets Equities | DAADX vs COBYX | |
| DFA U.S. Targeted Value Portfolio Institutional Cl... | 0.37 | 0.48 | — | 84 | Small Cap Value Equities | DAADX vs DFFVX | |
| DFA U.S. Small Cap Value Portfolio I | 0.37 | 0.48 | — | 85 | Small Cap Value Equities | DAADX vs DFSVX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.65 | — | 91 | Emerging Markets Equities | DAADX vs ESCIX |
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