Looking to diversify beyond DEMIX? The mutual funds below have the lowest correlation with DEMIX — 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 DEMIX.
Best Diversifiers for DEMIX
14 mutual funds have low correlation with DEMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Ivy Securian Real Estate Securities Fund (IRSAX) (REIT) with a 1Y correlation of 0.16, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Ivy Securian Real Estate Securities Fund | 0.16 | 0.24 | 0.31 | 73 | REIT | DEMIX vs IRSAX | |
| Delaware Tax-Free Colorado Fund | 0.16 | 0.10 | 0.11 | 84 | Municipal Bonds | DEMIX vs VCTFX | |
| Delaware Limited-Term Diversified Income Fund | 0.18 | 0.07 | 0.07 | 81 | Short-Term Bond | DEMIX vs DTRIX | |
| Delaware Tax-Free Oregon Fund | 0.18 | 0.11 | 0.11 | 79 | Municipal Bonds | DEMIX vs FTORX | |
| Delaware Tax-Free Pennsylvania Fund | 0.18 | 0.11 | 0.12 | 81 | Municipal Bonds | DEMIX vs DELIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DEMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DEMIX and solid risk/return profiles. The least correlated is Insmed Incorporated (INSM) (Healthcare) with a 1Y correlation of 0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Insmed Incorporated | 0.09 | 0.15 | 0.22 | 56 | Healthcare | |
| AngloGold Ashanti Limited | 0.20 | 0.21 | 0.24 | 81 | Basic Materials | |
| Celestica Inc. | 0.27 | 0.37 | 0.40 | 87 | Technology |
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