Looking to diversify beyond DEEIX? The mutual funds below have the lowest correlation with DEEIX — 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 DEEIX.
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 0.13, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Floating Rate Fund | 0.13 | 0.17 | 0.22 | 94 | Bank Loan | DEEIX vs DDFLX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.23 | 0.17 | 0.11 | 81 | Emerging Markets Diversified | DEEIX vs IPOAX | |
| Delaware Strategic Income Fund | 0.56 | 0.68 | 0.67 | 77 | Multisector Bonds | DEEIX vs DEGGX | |
| Delaware Tax-Free Minnesota Fund | 0.56 | 0.59 | 0.53 | 66 | Municipal Bonds | DEEIX vs DEFFX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.57 | 0.58 | 0.52 | 69 | Municipal Bonds | DEEIX vs DVMHX |
Diversification Analysis
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