Looking to diversify beyond DFAIX? The mutual funds below have historically moved differently from DFAIX, 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 DFAIX
70 mutual funds have low correlation with DFAIX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.02, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.02 | 0.03 | 0.16 | 77 | Short-Term Bond | DFAIX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.11 | 0.10 | 0.31 | 100 | Short-Term Bond | DFAIX vs DFCFX | |
| CM Advisors Fixed Income Fund | 0.12 | 0.14 | 0.22 | 61 | Short-Term Bond | DFAIX vs CMFIX | |
| Janus Henderson Short Duration Flexible Bond Fund | 0.13 | 0.15 | 0.29 | 75 | Short-Term Bond | DFAIX vs JNSTX | |
| Destinations Low Duration Fixed Income Fund | 0.17 | 0.18 | 0.24 | 98 | Short-Term Bond | DFAIX vs DLDFX |
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