Looking to diversify beyond DDVCX? The mutual funds below have historically moved differently from DDVCX, 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 DDVCX
3 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.12 | 0.24 | 0.29 | 95 | Bank Loan | DDVCX vs FFRHX | |
| Nomura Emerging Markets Fund Class A | 0.24 | 0.29 | 0.37 | 91 | Emerging Markets Equities | DDVCX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 0.24 | 0.30 | 0.37 | 91 | Emerging Markets Equities | DDVCX vs DEMCX | |
| Federated Hermes Equity Income Fund | 0.37 | 0.53 | 0.73 | 72 | Dividend, Large Cap Value Equities | DDVCX vs LEIFX | |
| AMG Yacktman Focused Fund | 0.37 | 0.58 | 0.70 | 89 | Large Cap Value Equities | DDVCX vs YAFFX |
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