Looking to diversify beyond DDIIX? The mutual funds below have historically moved differently from DDIIX, 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 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 -0.18, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.02 | 0.16 | 83 | Diversified Portfolio | DDIIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.14 | 0.49 | 68 | Diversified Portfolio | DDIIX vs MHELX | |
| Delaware National High-Yield Municipal Bond Fund | 0.29 | 0.25 | 0.19 | 56 | High Yield Muni | DDIIX vs CXHYX | |
| Delaware Tax Free USA Fund | 0.29 | 0.27 | 0.21 | 63 | Municipal Bonds | DDIIX vs DMTFX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.56 | 0.63 | 91 | Diversified Portfolio | DDIIX vs FIQDX |
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