Looking to diversify beyond DFIHX? The mutual funds below have historically moved differently from DFIHX, 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 DFIHX
90 mutual funds have low correlation with DFIHX (below 0.3), 6 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | -0.05 | -0.05 | 0.03 | 94 | Ultrashort Bond | DFIHX vs SMBPX | |
| PIMCO Short Asset Investment Fund | -0.05 | 0.01 | 0.05 | 100 | Ultrashort Bond | DFIHX vs PAIPX | |
| PIMCO Short Term Fund | -0.04 | 0.01 | 0.00 | 99 | Ultrashort Bond | DFIHX vs PTSHX | |
| Putnam Ultra Short Duration Income Fund | -0.01 | -0.02 | 0.08 | 99 | Ultrashort Bond | DFIHX vs PSDYX | |
| Victory Pioneer Multi-Asset Ultrashort Income Fund... | -0.01 | 0.01 | 0.02 | 98 | Ultrashort Bond | DFIHX vs MAFRX |
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