Looking to diversify beyond DFIHX? The mutual funds below have the lowest correlation with DFIHX — 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 DFIHX.
Best Diversifiers for DFIHX
88 mutual funds have low correlation with DFIHX (below 0.3), 7 of which are negatively correlated. The least correlated is PIMCO Short Term Fund (PTSHX) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Short Term Fund | -0.09 | 0.02 | 0.01 | 99 | Ultrashort Bond | DFIHX vs PTSHX | |
| Saratoga Municipal Bond Portfolio | -0.07 | -0.04 | 0.03 | 91 | Ultrashort Bond | DFIHX vs SMBPX | |
| Putnam Ultra Short Duration Income Fund | -0.04 | -0.02 | 0.08 | 98 | Ultrashort Bond | DFIHX vs PSDYX | |
| PIMCO Short Asset Investment Fund | -0.03 | 0.02 | 0.06 | 100 | Ultrashort Bond | DFIHX vs PAIPX | |
| Navigator Ultra Short Term Bond Fund | -0.02 | 0.01 | 0.12 | 100 | Ultrashort Bond | DFIHX vs NUSIX |
See all 88 diversifiers for DFIHX
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