Looking to diversify beyond DDVCX? The mutual funds below have the lowest correlation with DDVCX — 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 DDVCX.
Best Diversifiers for DDVCX
4 mutual funds have low correlation with DDVCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.12, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.12 | 0.25 | 0.30 | 92 | Bank Loan | DDVCX vs FFRHX | |
| Nomura Emerging Markets Fund Class A | 0.26 | 0.32 | 0.39 | 98 | Emerging Markets Equities | DDVCX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 0.26 | 0.32 | 0.39 | 98 | Emerging Markets Equities | DDVCX vs DEMCX | |
| Federated Hermes Equity Income Fund | 0.29 | 0.54 | 0.74 | 65 | Large Cap Value Equities | DDVCX vs LEIFX | |
| Rational Equity Armor Fund | 0.45 | 0.48 | 0.63 | 55 | Large Cap Value Equities | DDVCX vs HDCTX |
See all 36 diversifiers for DDVCX
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