Looking to diversify beyond DBPIX? The mutual funds below have the lowest correlation with DBPIX — 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 DBPIX.
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 0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.04 | 0.13 | 0.22 | 75 | Short-Term Bond | DBPIX vs LCCMX | |
| DWS Emerging Markets Equity Fund | 0.20 | 0.12 | 0.13 | 84 | Emerging Markets Diversified | DBPIX vs SEMGX | |
| DFA Short-Duration Real Return Portfolio | 0.21 | 0.24 | 0.35 | 99 | Short-Term Bond | DBPIX vs DFAIX | |
| GuidePath Absolute Return Allocation Fund | 0.23 | 0.58 | 0.63 | 74 | Short-Term Bond | DBPIX vs GPARX | |
| DWS Science and Technology Fund | 0.27 | 0.14 | 0.16 | 72 | Technology Equities | DBPIX vs KTCAX |
See all 19 diversifiers for DBPIX
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