Looking to diversify beyond DBALX? The mutual funds below have the lowest correlation with DBALX — 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 DBALX.
Best Diversifiers for DBALX
2 mutual funds have low correlation with DBALX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.16 | 0.49 | 63 | Diversified Portfolio | DBALX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.13 | 0.22 | 0.31 | 76 | Diversified Portfolio | DBALX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.39 | 0.39 | 0.42 | 99 | Diversified Portfolio | DBALX vs STDAX | |
| Chartwell Income Fund | 0.40 | 0.52 | 0.61 | 89 | Diversified Portfolio | DBALX vs BERIX | |
| Standpoint Multi-Asset Fund Institutional | 0.40 | 0.45 | 0.51 | 76 | Diversified Portfolio | DBALX vs BLNDX |
See all 27 diversifiers for DBALX
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