Looking to diversify beyond DFSMX? The mutual funds below have the lowest correlation with DFSMX — 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 DFSMX.
Best Diversifiers for DFSMX
469 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 0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AllianceBernstein National Municipal Income Fund | 0.03 | 0.13 | 0.18 | 70 | Municipal Bonds | DFSMX vs AFB | |
| Federated Hermes Conservative Municipal Microshort... | 0.04 | 0.07 | 0.05 | 99 | Municipal Bonds | DFSMX vs FHMIX | |
| DFA MN Municipal Bond Portfolio | 0.05 | 0.28 | 0.40 | 95 | Municipal Bonds | DFSMX vs DMNBX | |
| AB Municipal Bond Inflation Strategy | 0.07 | 0.20 | 0.22 | 92 | Municipal Bonds | DFSMX vs AUNYX | |
| BlackRock MuniHoldings New Jersey Quality Fund | 0.07 | 0.12 | 0.18 | 71 | Municipal Bonds | DFSMX vs MUJ |
See all 469 diversifiers for DFSMX
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