Looking to diversify beyond DFLVX? The mutual funds below have historically moved differently from DFLVX, 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 DFLVX
24 mutual funds have low correlation with DFLVX (below 0.3), 3 of which are negatively correlated. The least correlated is DFA California Short Term Municipal Bond Portfolio (DFCMX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Short Term Municipal Bond Portfolio | -0.06 | 0.01 | 0.05 | 99 | Municipal Bonds | DFLVX vs DFCMX | |
| DFA California Municipal Real Return Portfolio | -0.04 | 0.07 | 0.16 | 89 | Municipal Bonds | DFLVX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.07 | 0.17 | 92 | Municipal Bonds | DFLVX vs DMREX | |
| DFA Commodity Strategy Portfolio | 0.02 | 0.10 | 0.23 | 82 | Commodities | DFLVX vs DCMSX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.03 | 0.09 | 0.14 | 92 | Inflation-Protected Bonds | DFLVX vs VTSPX |
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