Looking to diversify beyond DFIEX? The mutual funds below have historically moved differently from DFIEX, 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 DFIEX
21 mutual funds have low correlation with DFIEX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.13 | -0.00 | 0.12 | 91 | Municipal Bonds | DFIEX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.07 | 0.05 | 0.16 | 94 | Municipal Bonds | DFIEX vs DMREX | |
| DFA Commodity Strategy Portfolio | 0.02 | 0.18 | 0.27 | 80 | Commodities | DFIEX vs DCMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.09 | 0.05 | 0.06 | 100 | Municipal Bonds | DFIEX vs DFSMX | |
| DFA Two-Year Fixed Income Portfolio | 0.13 | 0.07 | 0.10 | 100 | Short-Term Bond | DFIEX vs DFCFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DFIEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.33, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.33 | 0.35 | 0.46 | 89 | Technology |
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