Looking to diversify beyond DEDIX? The mutual funds below have historically moved differently from DEDIX, 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 DEDIX
0 mutual funds have low correlation with DEDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Emerging Markets Fund (DEMIX) (Emerging Markets Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 0.30 | 0.26 | 0.30 | 91 | Emerging Markets Equities | DEDIX vs DEMIX | |
| Delaware Growth and Income Fund | 0.33 | 0.26 | 0.23 | 98 | Large Cap Value Equities | DEDIX vs FGINX | |
| Delaware Opportunity Fund | 0.34 | 0.29 | 0.26 | 89 | Mid Cap Value Equities | DEDIX vs FIUSX | |
| Delaware Small Cap Value Fund | 0.35 | 0.29 | 0.24 | 78 | Small Cap Value Equities | DEDIX vs DEVLX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.36 | 0.33 | 0.31 | 57 | Emerging Markets Bonds | DEDIX vs EDD |
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