Looking to diversify beyond DEMAX? The mutual funds below have the lowest correlation with DEMAX — 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 DEMAX.
Best Diversifiers for DEMAX
2 mutual funds have low correlation with DEMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.18, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund | 0.18 | 0.34 | 0.43 | 92 | Small Cap Value Equities | DEMAX vs AVALX | |
| Delaware Ivy Natural Resources Fund | 0.23 | 0.41 | 0.46 | 91 | Energy Equities | DEMAX vs IGNAX | |
| Nomura Growth and Income Fund Institutional Class | 0.31 | 0.41 | 0.46 | 96 | Large Cap Value Equities | DEMAX vs FGIPX | |
| BlackRock Enhanced Large Cap Core Fund | 0.32 | 0.42 | 0.50 | 83 | Derivative Income | DEMAX vs CII | |
| Vanguard Global Capital Cycles Fund | 0.45 | 0.57 | 0.60 | 93 | Global Equities | DEMAX vs VGPMX |
See all 46 diversifiers for DEMAX
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