Looking to diversify beyond DAFRX? The mutual funds below have the lowest correlation with DAFRX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DAFRX.
Best Diversifiers for DAFRX
7 mutual funds have low correlation with DAFRX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.02, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.02 | 0.05 | 0.13 | 81 | Bank Loan | DAFRX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.13 | — | — | 98 | Bank Loan | DAFRX vs CAPIX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.17 | 0.22 | 0.41 | 85 | Bank Loan | DAFRX vs FFRSX | |
| Dunham Long/Short Credit Fund | 0.20 | 0.02 | 0.09 | 92 | Nontraditional Bonds | DAFRX vs DCAIX | |
| Calvert Floating-Rate Advantage Fund | 0.24 | 0.36 | 0.53 | 62 | Bank Loan | DAFRX vs CFOIX |
See all 27 diversifiers for DAFRX
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