Looking to diversify beyond DFAAX? The mutual funds below have historically moved differently from DFAAX, 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 DFAAX
1 mutual funds have low correlation with DFAAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.07, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.07 | 0.20 | 0.32 | 86 | Inflation-Protected Bonds | DFAAX vs SEIAX | |
| DFA U.S. Small Cap Value Portfolio I | 0.36 | 0.31 | 0.27 | 85 | Small Cap Value Equities | DFAAX vs DFSVX | |
| DFA U.S. Large Cap Value Portfolio | 0.36 | 0.30 | 0.27 | 95 | Large Cap Value Equities | DFAAX vs DFLVX | |
| DFA U.S. Targeted Value Portfolio Institutional Cl... | 0.37 | 0.32 | 0.27 | 84 | Small Cap Value Equities | DFAAX vs DFFVX | |
| Allspring Real Return Fund | 0.41 | 0.53 | 0.65 | 66 | Inflation-Protected Bonds | DFAAX vs IPBAX |
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