Looking to diversify beyond DAIOX? The mutual funds below have the lowest correlation with DAIOX — 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 DAIOX.
Best Diversifiers for DAIOX
3 mutual funds have low correlation with DAIOX (below 0.3), 0 of which are negatively correlated. The least correlated is Dunham Monthly Distribution Fund (DAMDX) (Event Driven) with a 1Y correlation of 0.20, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dunham Monthly Distribution Fund | 0.20 | 0.14 | 0.16 | 96 | Event Driven | DAIOX vs DAMDX | |
| Payden Global Low Duration Fund | 0.24 | 0.36 | 0.38 | 85 | Global Bonds | DAIOX vs PYGSX | |
| DFA Two Year Global Fixed Income Portfolio | 0.24 | 0.10 | 0.25 | 100 | Global Bonds | DAIOX vs DFGFX | |
| Dunham Large Cap Value Fund | 0.32 | 0.29 | 0.26 | 79 | Large Cap Value Equities | DAIOX vs DCLVX | |
| Eaton Vance Global Bond Fund | 0.33 | 0.53 | 0.51 | 91 | Global Bonds | DAIOX vs EAIIX |
See all 17 diversifiers for DAIOX
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