Looking to diversify beyond DEVLX? The mutual funds below have the lowest correlation with DEVLX — 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 DEVLX.
Best Diversifiers for DEVLX
7 mutual funds have low correlation with DEVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Pennsylvania Fund (DELIX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Pennsylvania Fund | 0.15 | 0.14 | 0.09 | 70 | Municipal Bonds | DEVLX vs DELIX | |
| Delaware Tax-Free Oregon Fund | 0.15 | 0.13 | 0.08 | 69 | Municipal Bonds | DEVLX vs FTORX | |
| Delaware Tax-Free Colorado Fund | 0.16 | 0.13 | 0.08 | 76 | Municipal Bonds | DEVLX vs VCTFX | |
| Delaware Tax-Free Idaho Fund | 0.17 | 0.14 | 0.08 | 76 | Municipal Bonds | DEVLX vs VIDAX | |
| Delaware Tax-Free New York Fund | 0.17 | 0.13 | 0.08 | 61 | Municipal Bonds | DEVLX vs FTNYX |
See all 47 diversifiers for DEVLX
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