Looking to diversify beyond DCIBX? The mutual funds below have the lowest correlation with DCIBX — 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 DCIBX.
Best Diversifiers for DCIBX
19 mutual funds have low correlation with DCIBX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.10 | 0.11 | 0.09 | 98 | Municipal Bonds | DCIBX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.13 | 0.11 | 0.13 | 99 | Municipal Bonds | DCIBX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.14 | 0.10 | 0.10 | 99 | Municipal Bonds | DCIBX vs TFCYX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.32 | 0.40 | 99 | Municipal Bonds | DCIBX vs USMSX | |
| DFA U.S. Large Company Portfolio | 0.15 | 0.13 | 0.10 | 77 | Large Cap Blend Equities | DCIBX vs DFUSX |
See all 26 diversifiers for DCIBX
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