Looking to diversify beyond DFSTX? The mutual funds below have historically moved differently from DFSTX, 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 DFSTX
20 mutual funds have low correlation with DFSTX (below 0.3), 4 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.06 | 0.01 | 0.11 | 91 | Municipal Bonds | DFSTX vs DCARX | |
| DFA Commodity Strategy Portfolio | -0.06 | 0.06 | 0.15 | 80 | Commodities | DFSTX vs DCMSX | |
| DFA Municipal Real Return Portfolio | -0.03 | 0.05 | 0.13 | 94 | Municipal Bonds | DFSTX vs DMREX | |
| DFA California Short Term Municipal Bond Portfolio | -0.00 | 0.01 | 0.05 | 99 | Municipal Bonds | DFSTX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 0.07 | 0.11 | 0.07 | 99 | Municipal Bonds | DFSTX vs DNYMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DFSTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | 0.17 | 0.30 | 84 | Energy | |
| NVIDIA Corporation | 0.29 | 0.33 | 0.47 | 56 | Technology |
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