Looking to diversify beyond DDIIX? The mutual funds below have the lowest correlation with DDIIX — 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 DDIIX.
Best Diversifiers for DDIIX
4 mutual funds have low correlation with DDIIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | 0.04 | 0.17 | 65 | Diversified Portfolio | DDIIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.50 | 66 | Diversified Portfolio | DDIIX vs MHELX | |
| Delaware National High-Yield Municipal Bond Fund | 0.27 | 0.25 | 0.19 | 58 | High Yield Muni | DDIIX vs CXHYX | |
| Delaware Tax Free USA Fund | 0.29 | 0.27 | 0.20 | 69 | Municipal Bonds | DDIIX vs DMTFX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.57 | 0.64 | 80 | Diversified Portfolio | DDIIX vs FCSRX |
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