Looking to diversify beyond DFLYX? The mutual funds below have the lowest correlation with DFLYX — 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 DFLYX.
Best Diversifiers for DFLYX
9 mutual funds have low correlation with DFLYX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.01 | 0.07 | 0.16 | 84 | Bank Loan | DFLYX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.12 | — | — | 98 | Bank Loan | DFLYX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.17 | 0.19 | 0.22 | 100 | Bank Loan | DFLYX vs RCRIX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.18 | 0.23 | 0.41 | 99 | Ultrashort Bond | DFLYX vs ENIAX | |
| BNY Mellon Natural Resources Fund | 0.20 | 0.20 | 0.23 | 59 | Energy Equities | DFLYX vs DLDRX |
See all 45 diversifiers for DFLYX
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