Looking to diversify beyond DCEMX? The mutual funds below have historically moved differently from DCEMX, 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 DCEMX
3 mutual funds have low correlation with DCEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Dunham Long/Short Credit Fund (DCAIX) (Nontraditional Bonds) with a 1Y correlation of 0.06, up from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 0.06 | -0.17 | -0.18 | 94 | Nontraditional Bonds | DCEMX vs DCAIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.23 | 0.52 | 0.61 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | DCEMX vs GSIYX | |
| The Cook & Bynum Fund | 0.27 | 0.36 | 0.45 | 66 | Emerging Markets Equities | DCEMX vs COBYX | |
| Dunham Monthly Distribution Fund | 0.33 | 0.34 | 0.32 | 86 | Event Driven | DCEMX vs DAMDX | |
| Dunham Floating Rate Bond Fund | 0.39 | 0.32 | 0.33 | 76 | Bank Loan | DCEMX vs DAFRX |
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