Looking to diversify beyond DFEVX? The mutual funds below have historically moved differently from DFEVX, 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 DFEVX
6 mutual funds have low correlation with DFEVX (below 0.3), 0 of which are negatively correlated. The least correlated is American High-Income Municipal Bond Fund (AMHIX) (High Yield Muni) with a 1Y correlation of 0.17, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American High-Income Municipal Bond Fund | 0.17 | 0.12 | 0.12 | 89 | High Yield Muni | DFEVX vs AMHIX | |
| DFA Global Real Estate Securities Portfolio | 0.18 | 0.34 | 0.43 | 50 | REIT | DFEVX vs DFGEX | |
| Invesco Limited Term Municipal Income Fund | 0.20 | 0.12 | 0.14 | 86 | Municipal Bonds | DFEVX vs AITFX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.23 | 0.51 | 0.62 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | DFEVX vs GSIYX | |
| The Cook & Bynum Fund | 0.25 | 0.36 | 0.45 | 66 | Emerging Markets Equities | DFEVX vs COBYX |
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