Looking to diversify beyond DCAIX? The mutual funds below have historically moved differently from DCAIX, 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 DCAIX
43 mutual funds have low correlation with DCAIX (below 0.3), 2 of which are negatively correlated. The least correlated is Cliffwater Enhanced Lending Fund (CELFX) (Nontraditional Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | -0.10 | -0.04 | -0.05 | 100 | Nontraditional Bonds | DCAIX vs CELFX | |
| PGIM Securitized Credit Fund | -0.01 | 0.03 | 0.15 | 100 | Nontraditional Bonds | DCAIX vs SCFZX | |
| Dunham Monthly Distribution Fund | 0.01 | -0.14 | -0.14 | 87 | Event Driven | DCAIX vs DAMDX | |
| Artisan Global Unconstrained Fund | 0.02 | 0.16 | — | 99 | Nontraditional Bonds | DCAIX vs APFPX | |
| Putnam Mortgage Opportunities Fund | 0.02 | 0.00 | -0.03 | 88 | Nontraditional Bonds | DCAIX vs PMOTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DCAIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.07, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.07 | -0.05 | -0.05 | 96 | Healthcare |
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