Looking to diversify beyond DEEIX? The mutual funds below have historically moved differently from DEEIX, 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 DEEIX
2 mutual funds have low correlation with DEEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Floating Rate Fund (DDFLX) (Bank Loan) with a 1Y correlation of 0.04, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Floating Rate Fund | 0.04 | 0.14 | 0.21 | 96 | Bank Loan | DEEIX vs DDFLX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.29 | 0.17 | 0.13 | 54 | Emerging Markets Equities | DEEIX vs IPOAX | |
| Delaware Healthcare Fund | 0.33 | 0.30 | 0.21 | 77 | Health & Biotech Equities | DEEIX vs DLHIX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.56 | 0.57 | 0.52 | 84 | Municipal Bonds | DEEIX vs DVMHX | |
| Delaware Tax-Free Minnesota Fund | 0.57 | 0.58 | 0.54 | 74 | Municipal Bonds | DEEIX vs DEFFX |
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