Looking to diversify beyond DFCFX? The mutual funds below have the lowest correlation with DFCFX — 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 DFCFX.
Best Diversifiers for DFCFX
83 mutual funds have low correlation with DFCFX (below 0.3), 33 of which are negatively correlated. The least correlated is T. Rowe Price Short-Term Bond Fund (PRWBX) (Short-Term Bond) with a 1Y correlation of -0.09, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Short-Term Bond Fund | -0.09 | -0.01 | 0.31 | 89 | Short-Term Bond | DFCFX vs PRWBX | |
| Invesco Short Term Bond Fund | -0.09 | -0.01 | 0.30 | 67 | Short-Term Bond | DFCFX vs STBCX | |
| T. Rowe Price Short Duration Income Fund | -0.07 | 0.02 | 0.31 | 96 | Short-Term Bond | DFCFX vs TSDLX | |
| Allspring Short-Term Bond Plus Fund | -0.06 | -0.00 | 0.37 | 82 | Short-Term Bond | DFCFX vs SSHIX | |
| RBB Free Market Fixed Income Fund | -0.06 | 0.02 | 0.39 | 70 | Short-Term Bond | DFCFX vs FMFIX |
See all 83 diversifiers for DFCFX
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