Looking to diversify beyond DDFLX? The mutual funds below have historically moved differently from DDFLX, 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 DDFLX
15 mutual funds have low correlation with DDFLX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.10 | -0.00 | 0.07 | 93 | Bank Loan | DDFLX vs XPTFX | |
| Delaware Small Cap Value Fund | 0.04 | 0.13 | 0.20 | 78 | Small Cap Value Equities | DDFLX vs DEVLX | |
| Delaware Healthcare Fund | 0.07 | 0.14 | 0.14 | 77 | Health & Biotech Equities | DDFLX vs DLHIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.13 | — | — | 99 | Bank Loan | DDFLX vs CAPIX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.16 | 0.14 | 0.24 | 54 | Emerging Markets Equities | DDFLX vs IPOAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DDFLX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.14, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.14 | -0.05 | -0.02 | 50 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.10 | 0.01 | 0.08 | 70 | Energy | |
| Johnson & Johnson | -0.08 | -0.04 | -0.02 | 97 | Healthcare | |
| Valero Energy Corporation | -0.07 | 0.01 | 0.06 | 98 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.02 | 0.07 | 84 | Energy |
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