Looking to diversify beyond DAVPX? The mutual funds below have historically moved differently from DAVPX, 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 DAVPX
0 mutual funds have low correlation with DAVPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Growth Fund Series One (AMRGX) (Large Cap Growth Equities) with a 1Y correlation of 0.62, down from 0.83 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Growth Fund Series One | 0.62 | 0.76 | 0.83 | 56 | Large Cap Growth Equities | DAVPX vs AMRGX | |
| ICON Equity Fund | 0.66 | 0.68 | 0.77 | 80 | Large Cap Growth Equities | DAVPX vs IOLZX | |
| PRIMECAP Odyssey Growth Fund | 0.67 | 0.77 | 0.85 | 89 | Large Cap Blend Equities | DAVPX vs POGRX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.69 | 0.80 | 0.87 | 90 | Large Cap Growth Equities | DAVPX vs VPMCX | |
| Vanguard Capital Opportunity Fund Admiral Shares | 0.69 | 0.79 | 0.86 | 84 | Large Cap Growth Equities | DAVPX vs VHCAX |
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