Looking to diversify beyond DCARX? The mutual funds below have the lowest correlation with DCARX — 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 DCARX.
Best Diversifiers for DCARX
217 mutual funds have low correlation with DCARX (below 0.3), 133 of which are negatively correlated. The least correlated is BlackRock MuniYield Michigan Quality Fund (MIY) (Municipal Bonds) with a 1Y correlation of -0.18, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock MuniYield Michigan Quality Fund | -0.18 | 0.05 | 0.13 | 54 | Municipal Bonds | DCARX vs MIY | |
| DFA International Small Cap Value Portfolio Instit... | -0.15 | -0.01 | 0.13 | 59 | Foreign Small & Mid Cap Equities | DCARX vs DISVX | |
| Nuveen Municipal Value Fund Inc. | -0.13 | 0.06 | 0.09 | 57 | Municipal Bonds | DCARX vs NUV | |
| Symmetry Panoramic Municipal Fixed Income Fund | -0.10 | 0.13 | 0.18 | 66 | Municipal Bonds | DCARX vs SPMFX | |
| Franklin Michigan Tax-Free Income Fund | -0.09 | 0.14 | 0.20 | 83 | Municipal Bonds | DCARX vs FTTMX |
See all 219 diversifiers for DCARX
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