Looking to diversify beyond DEMCX? The mutual funds below have the lowest correlation with DEMCX — 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 DEMCX.
Best Diversifiers for DEMCX
5 mutual funds have low correlation with DEMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) (Multistrategy) with a 1Y correlation of 0.15, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.15 | 0.04 | 0.05 | 98 | Multistrategy | DEMCX vs SHRIX | |
| Aegis Value Fund | 0.19 | 0.32 | 0.42 | 90 | Small Cap Value Equities | DEMCX vs AVALX | |
| AQR Managed Futures Strategy Fund | 0.19 | 0.11 | -0.00 | 90 | Systematic Trend | DEMCX vs AQMIX | |
| AQR Long-Short Equity Fund | 0.23 | 0.21 | 0.18 | 54 | Long-Short | DEMCX vs QLEIX | |
| AQR Alternative Risk Premia Fund | 0.24 | 0.13 | 0.00 | 97 | Multistrategy | DEMCX vs QRPIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DEMCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DEMCX and solid risk/return profiles. The least correlated is General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.39, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.39 | 0.46 | 0.52 | 92 | Financial Services |
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