Looking to diversify beyond DFLEX? The mutual funds below have the lowest correlation with DFLEX — 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 DFLEX.
Best Diversifiers for DFLEX
11 mutual funds have low correlation with DFLEX (below 0.3), 2 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.22, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.22 | -0.07 | 0.02 | 87 | Commodities | DFLEX vs DBCMX | |
| Artisan Global Unconstrained Fund | -0.08 | -0.27 | — | 99 | Nontraditional Bonds | DFLEX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | 0.02 | 0.04 | 0.03 | 76 | Nontraditional Bonds | DFLEX vs RPIDX | |
| PGIM Securitized Credit Fund | 0.06 | 0.07 | 0.12 | 99 | Nontraditional Bonds | DFLEX vs SCFZX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.11 | — | — | 100 | Nontraditional Bonds | DFLEX vs CBYYX |
See all 52 diversifiers for DFLEX
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