Looking to diversify beyond DCIBX? The mutual funds below have historically moved differently from DCIBX, 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 DCIBX
22 mutual funds have low correlation with DCIBX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.11 | 0.10 | 99 | Municipal Bonds | DCIBX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.13 | 0.11 | 0.13 | 100 | Municipal Bonds | DCIBX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.14 | 0.11 | 0.09 | 99 | Municipal Bonds | DCIBX vs FHMIX | |
| DFA U.S. Large Cap Value Portfolio | 0.16 | 0.13 | 0.08 | 95 | Large Cap Value Equities | DCIBX vs DFLVX | |
| DFA U.S. Small Cap Value Portfolio I | 0.18 | 0.12 | 0.07 | 85 | Small Cap Value Equities | DCIBX vs DFSVX |
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