Looking to diversify beyond DFP? The mutual funds below have historically moved differently from DFP, 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 DFP
10 mutual funds have low correlation with DFP (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.12, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.12 | 0.21 | 0.27 | 62 | Quality Factor, Large Cap Value Equities | DFP vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.00 | 0.26 | 0.32 | 93 | Large Cap Value Equities | DFP vs LEXCX | |
| Buffalo Flexible Income Fund | 0.10 | 0.28 | 0.35 | 87 | Large Cap Value Equities | DFP vs BUFBX | |
| Federated Hermes Strategic Value Dividend Fund | 0.11 | 0.33 | 0.35 | 94 | Large Cap Value Equities | DFP vs SVAIX | |
| Federated Hermes Equity Income Fund | 0.15 | 0.33 | 0.40 | 72 | Dividend, Large Cap Value Equities | DFP vs LEIFX |
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