Looking to diversify beyond DFP? The mutual funds below have the lowest correlation with DFP — 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 DFP.
Best Diversifiers for DFP
4 mutual funds have low correlation with DFP (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.16, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.16 | 0.35 | 0.36 | 78 | Large Cap Value Equities | DFP vs SVAIX | |
| Federated Hermes Equity Income Fund | 0.18 | 0.35 | 0.41 | 65 | Large Cap Value Equities | DFP vs LEIFX | |
| Hennessy Cornerstone Value Fund | 0.23 | 0.34 | 0.39 | 81 | Large Cap Value Equities | DFP vs HFCVX | |
| Auxier Focus Fund | 0.29 | 0.39 | 0.42 | 63 | Large Cap Value Equities | DFP vs AUXFX | |
| American Century Equity Income Fund | 0.34 | 0.40 | 0.42 | 51 | Large Cap Value Equities | DFP vs TWEIX |
See all 28 diversifiers for DFP
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DFP
Add DFP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DFP