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
2 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 0.21, 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 | 0.21 | 0.14 | 0.16 | 97 | Event Driven | DAIOX vs DAMDX | |
| Payden Global Low Duration Fund | 0.21 | 0.36 | 0.38 | 77 | Global Bonds | DAIOX vs PYGSX | |
| Dunham Small Cap Growth Fund | 0.32 | 0.28 | 0.26 | 55 | Small Cap Growth Equities | DAIOX vs DCDGX | |
| Dunham Emerging Markets Stock Fund | 0.33 | 0.25 | 0.27 | 81 | Emerging Markets Diversified | DAIOX vs DCEMX | |
| Dunham Small Cap Value Fund | 0.33 | 0.30 | 0.24 | 77 | Small Cap Value Equities | DAIOX vs DCSVX |
See all 15 diversifiers for DAIOX
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