Looking to diversify beyond DBPIX? The mutual funds below have historically moved differently from DBPIX, 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 DBPIX
7 mutual funds have low correlation with DBPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.02 | 0.12 | 0.21 | 84 | Short-Term Bond | DBPIX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.52 | 0.61 | 69 | Short-Term Bond | DBPIX vs GPARX | |
| DWS RREEF Real Assets Fund | 0.15 | 0.29 | 0.29 | 77 | Global Allocation | DBPIX vs AAAZX | |
| DWS RREEF Real Assets Fund - Class A | 0.16 | 0.29 | 0.29 | 77 | Diversified Portfolio | DBPIX vs AAAAX | |
| DFA Two-Year Fixed Income Portfolio | 0.20 | 0.06 | 0.31 | 100 | Short-Term Bond | DBPIX vs DFCFX |
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