Looking to diversify beyond DFCFX? The mutual funds below have historically moved differently from DFCFX, 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 DFCFX
110 mutual funds have low correlation with DFCFX (below 0.3), 1 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 -0.04, down from 0.09 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 | -0.04 | -0.03 | 0.09 | 77 | Short-Term Bond | DFCFX vs LCCMX | |
| Janus Henderson Short Duration Flexible Bond Fund | 0.01 | -0.04 | 0.28 | 75 | Short-Term Bond | DFCFX vs JNSTX | |
| GuidePath Absolute Return Allocation Fund | 0.01 | 0.02 | 0.28 | 65 | Short-Term Bond | DFCFX vs GPARX | |
| GuidepathConservative Income Fund | 0.04 | -0.00 | 0.27 | 99 | Short-Term Bond | DFCFX vs GPICX | |
| American Beacon TwentyFour Sustainable Short Term ... | 0.06 | 0.03 | 0.22 | 60 | Short-Term Bond | DFCFX vs TFBYX |
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