Looking to diversify beyond DBIRX? The mutual funds below have the lowest correlation with DBIRX — 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 DBIRX.
Best Diversifiers for DBIRX
8 mutual funds have low correlation with DBIRX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of 0.00, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.00 | 0.04 | -0.03 | 89 | Energy Equities | DBIRX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.15 | 0.11 | 0.11 | 79 | Technology Equities | DBIRX vs DTGRX | |
| BNY Mellon Global Real Return Fund - Class I | 0.21 | 0.30 | 0.23 | 79 | Tactical Allocation | DBIRX vs DRRIX | |
| BNY Mellon Dynamic Value Fund Class I | 0.22 | 0.17 | 0.07 | 80 | Large Cap Value Equities | DBIRX vs DRGVX | |
| BNY Mellon Dynamic Value Fund | 0.22 | 0.17 | 0.07 | 79 | Large Cap Value Equities | DBIRX vs DAGVX |
See all 10 diversifiers for DBIRX
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