Looking to diversify beyond DEFFX? The mutual funds below have the lowest correlation with DEFFX — 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 DEFFX.
Best Diversifiers for DEFFX
13 mutual funds have low correlation with DEFFX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.17 | 0.20 | 96 | Municipal Bonds | DEFFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.20 | 0.22 | 95 | Municipal Bonds | DEFFX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.10 | 0.25 | 0.34 | 99 | Municipal Bonds | DEFFX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.31 | 0.40 | 99 | Municipal Bonds | DEFFX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.30 | 0.37 | 99 | Municipal Bonds | DEFFX vs USMSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DEFFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DEFFX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.01 | 0.04 | 78 | Technology | |
| Hanesbrands Inc. | -0.02 | 0.02 | 0.03 | 79 | Consumer Cyclical | |
| Flex Ltd. | 0.03 | 0.04 | 0.05 | 98 | Technology | |
| CrowdStrike Holdings, Inc. | 0.03 | 0.02 | 0.04 | 70 | Technology | |
| Nextracker Inc | 0.04 | 0.09 | — | 89 | Technology |
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Build a portfolio that complements DEFFX
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