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 0.10, 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... | 0.10 | 0.03 | 0.05 | 98 | Multistrategy | DEMCX vs SHRIX | |
| AQR Managed Futures Strategy Fund | 0.17 | 0.10 | -0.01 | 90 | Systematic Trend | DEMCX vs AQMIX | |
| Aegis Value Fund | 0.20 | 0.34 | 0.43 | 87 | Small Cap Value Equities | DEMCX vs AVALX | |
| AQR Alternative Risk Premia Fund | 0.20 | 0.12 | -0.01 | 95 | Multistrategy | DEMCX vs QRPIX | |
| AQR Long-Short Equity Fund | 0.21 | 0.21 | 0.18 | 53 | Long-Short | DEMCX vs QLEIX |
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