Looking to diversify beyond DFSVX? The mutual funds below have the lowest correlation with DFSVX — 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 DFSVX.
Best Diversifiers for DFSVX
22 mutual funds have low correlation with DFSVX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Short Term Municipal Bond Portfolio (DFCMX) (Municipal Bonds) with a 1Y correlation of -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Short Term Municipal Bond Portfolio | -0.08 | -0.01 | 0.03 | 99 | Municipal Bonds | DFSVX vs DFCMX | |
| DFA California Municipal Real Return Portfolio | -0.05 | 0.03 | 0.15 | 95 | Municipal Bonds | DFSVX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.06 | 0.17 | 94 | Municipal Bonds | DFSVX vs DMREX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.03 | 0.12 | 0.14 | 89 | Inflation-Protected Bonds | DFSVX vs VTSPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.12 | 0.14 | 89 | Inflation-Protected Bonds | DFSVX vs VTAPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DFSVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DFSVX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.03 | 0.12 | 0.24 | 70 | Consumer Defensive | |
| The Coca-Cola Company | 0.01 | 0.11 | 0.22 | 74 | Consumer Defensive | |
| Duke Energy Corporation | 0.03 | 0.11 | 0.16 | 62 | Utilities | |
| Walmart Inc. | 0.06 | 0.13 | 0.21 | 69 | Consumer Defensive | |
| Johnson & Johnson | 0.07 | 0.13 | 0.16 | 95 | Healthcare |
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