Looking to diversify beyond DEVLX? The mutual funds below have historically moved differently from DEVLX, 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 DEVLX
11 mutual funds have low correlation with DEVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Colorado Fund (VCTFX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax-Free Colorado Fund | 0.17 | 0.14 | 0.09 | 84 | Municipal Bonds | DEVLX vs VCTFX | |
| Delaware Tax-Free Idaho Fund | 0.18 | 0.14 | 0.09 | 87 | Municipal Bonds | DEVLX vs VIDAX | |
| Delaware Tax-Free Pennsylvania Fund | 0.18 | 0.14 | 0.10 | 80 | Municipal Bonds | DEVLX vs DELIX | |
| Delaware Tax-Free Oregon Fund | 0.20 | 0.14 | 0.09 | 80 | Municipal Bonds | DEVLX vs FTORX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.20 | 0.14 | 0.09 | 84 | Municipal Bonds | DEVLX vs DVMHX |
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