Looking to diversify beyond DEMCX? The mutual funds below have historically moved differently from DEMCX, 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 DEMCX
7 mutual funds have low correlation with DEMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.10, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.10 | 0.38 | 0.50 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | DEMCX vs GSIYX | |
| The Cook & Bynum Fund | 0.14 | 0.27 | 0.37 | 66 | Emerging Markets Equities | DEMCX vs COBYX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.19 | 0.05 | 0.06 | 99 | Multistrategy | DEMCX vs SHRIX | |
| Aegis Value Fund Class I | 0.20 | 0.32 | 0.42 | 94 | Small Cap Value Equities | DEMCX vs AVALX | |
| AQR Managed Futures Strategy Fund - Class I | 0.21 | 0.13 | -0.01 | 90 | Systematic Trend | DEMCX vs AQMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DEMCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.41, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.41 | 0.46 | 0.53 | 93 | Financial Services |
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