Looking to diversify beyond DCEMX? The mutual funds below have the lowest correlation with DCEMX — 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 DCEMX.
Best Diversifiers for DCEMX
1 mutual funds have low correlation with DCEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Dunham Monthly Distribution Fund (DAMDX) (Event Driven) with a 1Y correlation of 0.26, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dunham Monthly Distribution Fund | 0.26 | 0.33 | 0.31 | 96 | Event Driven | DCEMX vs DAMDX | |
| Dunham International Opportunity Bond Fund | 0.32 | 0.25 | 0.27 | 55 | Global Bonds | DCEMX vs DAIOX | |
| Dunham High Yield Bond Fund | 0.48 | 0.40 | 0.42 | 76 | High Yield Bonds | DCEMX vs DCHYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.52 | 0.64 | 0.69 | 87 | Emerging Markets Diversified | DCEMX vs ESCIX | |
| Dunham Small Cap Value Fund | 0.55 | 0.53 | 0.55 | 69 | Small Cap Value Equities | DCEMX vs DCSVX |
See all 29 diversifiers for DCEMX
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