Looking to diversify beyond DFSMX? The mutual funds below have historically moved differently from DFSMX, 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 DFSMX
441 mutual funds have low correlation with DFSMX (below 0.3), 0 of which are negatively correlated. The least correlated is AllianceBernstein National Municipal Income Fund (AFB) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AllianceBernstein National Municipal Income Fund | 0.02 | 0.12 | 0.18 | 65 | Municipal Bonds | DFSMX vs AFB | |
| BlackRock MuniHoldings New Jersey Quality Fund | 0.05 | 0.12 | 0.18 | 67 | Municipal Bonds | DFSMX vs MUJ | |
| DFA U.S. Large Cap Value Portfolio | 0.06 | 0.07 | 0.05 | 95 | Large Cap Value Equities | DFSMX vs DFLVX | |
| DFA International Small Cap Value Portfolio Instit... | 0.08 | 0.02 | 0.04 | 80 | Foreign Small & Mid Cap Equities | DFSMX vs DISVX | |
| DFA International Value Portfolio Institutional Cl... | 0.08 | 0.03 | 0.03 | 93 | Foreign Large Cap Equities | DFSMX vs DFIVX |
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