Looking to diversify beyond DCARX? The mutual funds below have historically moved differently from DCARX, 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 DCARX
212 mutual funds have low correlation with DCARX (below 0.3), 135 of which are negatively correlated. The least correlated is BlackRock MuniYield Michigan Quality Fund (MIY) (Municipal Bonds) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock MuniYield Michigan Quality Fund | -0.17 | 0.05 | 0.13 | 58 | Municipal Bonds | DCARX vs MIY | |
| DFA International Small Cap Value Portfolio Instit... | -0.17 | -0.02 | 0.12 | 80 | Foreign Small & Mid Cap Equities | DCARX vs DISVX | |
| DFA International Core Equity 2 Portfolio Institut... | -0.14 | -0.01 | 0.12 | 80 | Foreign Large Cap Equities | DCARX vs DFIEX | |
| Nuveen Municipal Value Fund Inc. | -0.13 | 0.06 | 0.08 | 79 | Municipal Bonds | DCARX vs NUV | |
| Symmetry Panoramic Municipal Fixed Income Fund | -0.10 | 0.12 | 0.18 | 58 | Municipal Bonds | DCARX vs SPMFX |
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