Looking to diversify beyond DCAIX? The mutual funds below have the lowest correlation with DCAIX — 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 DCAIX.
Best Diversifiers for DCAIX
44 mutual funds have low correlation with DCAIX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Mortgage Opportunities Fund (PMOTX) (Nontraditional Bonds) with a 1Y correlation of 0.01, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.01 | 0.00 | -0.03 | 64 | Nontraditional Bonds | DCAIX vs PMOTX | |
| PGIM Securitized Credit Fund | 0.01 | 0.05 | 0.15 | 99 | Nontraditional Bonds | DCAIX vs SCFZX | |
| T. Rowe Price Dynamic Credit Fund | 0.04 | 0.03 | 0.08 | 76 | Nontraditional Bonds | DCAIX vs RPIDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.06 | -0.01 | 0.07 | 97 | Nontraditional Bonds | DCAIX vs EGRIX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.06 | 0.02 | 0.11 | 99 | Nontraditional Bonds | DCAIX vs EIGMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DCAIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DCAIX and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.11, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.11 | -0.04 | -0.05 | 92 | Healthcare |
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