Looking to diversify beyond DAVPX? The mutual funds below have the lowest correlation with DAVPX — 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 DAVPX.
Best Diversifiers for DAVPX
0 mutual funds have low correlation with DAVPX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.59, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.59 | 0.62 | 0.68 | 72 | Large Cap Growth Equities | DAVPX vs BPTRX | |
| One Rock Fund | 0.62 | 0.72 | 0.76 | 87 | Large Cap Growth Equities | DAVPX vs ONERX | |
| ICON Equity Fund | 0.71 | 0.69 | 0.78 | 84 | Large Cap Growth Equities | DAVPX vs IOLZX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.72 | 0.76 | 0.77 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | DAVPX vs QQQX | |
| Adams Diversified Equity Fund, Inc. | 0.72 | 0.80 | 0.87 | 67 | Large Cap Blend Equities | DAVPX vs ADX |
See all 26 diversifiers for DAVPX
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