Looking to diversify beyond DDFLX? The mutual funds below have the lowest correlation with DDFLX — 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 DDFLX.
Best Diversifiers for DDFLX
7 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.10 | -0.01 | 0.07 | 91 | Bank Loan | DDFLX vs XPTFX | |
| Delaware Healthcare Fund | 0.07 | 0.14 | 0.15 | 70 | Health & Biotech Equities | DDFLX vs DLHIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.12 | — | — | 98 | Bank Loan | DDFLX vs CAPIX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.15 | 0.14 | 0.24 | 61 | Emerging Markets Diversified | DDFLX vs IPOAX | |
| RiverPark Floating Rate CMBS Fund | 0.19 | 0.17 | 0.19 | 100 | Bank Loan | DDFLX vs RCRIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DDFLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DDFLX and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.16, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.16 | -0.04 | -0.02 | 50 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.12 | 0.02 | 0.08 | 60 | Energy | |
| Johnson & Johnson | -0.09 | -0.04 | -0.01 | 97 | Healthcare | |
| Chevron Corporation | -0.09 | 0.01 | 0.07 | 67 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.02 | 0.08 | 71 | Energy |
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