Looking to diversify beyond DEMAX? The mutual funds below have historically moved differently from DEMAX, 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 DEMAX
4 mutual funds have low correlation with DEMAX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.02, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.02 | 0.13 | 0.24 | 85 | Energy Equities | DEMAX vs FSENX | |
| The Cook & Bynum Fund | 0.13 | 0.26 | 0.37 | 65 | Emerging Markets Equities | DEMAX vs COBYX | |
| Aegis Value Fund Class I | 0.19 | 0.32 | 0.42 | 94 | Small Cap Value Equities | DEMAX vs AVALX | |
| Delaware Ivy Natural Resources Fund | 0.24 | 0.38 | 0.44 | 86 | Energy Equities | DEMAX vs IGNAX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.31 | 0.54 | 0.65 | 94 | Emerging Markets Equities | DEMAX vs ESCIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DEMAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.40 | 0.43 | 0.50 | 88 |
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