Looking to diversify beyond DFSVX? The mutual funds below have historically moved differently from DFSVX, 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 DFSVX
29 mutual funds have low correlation with DFSVX (below 0.3), 4 of which are negatively correlated. The least correlated is DFA California Short Term Municipal Bond Portfolio (DFCMX) (Municipal Bonds) with a 1Y correlation of -0.07, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Short Term Municipal Bond Portfolio | -0.07 | -0.01 | 0.03 | 99 | Municipal Bonds | DFSVX vs DFCMX | |
| DFA California Municipal Real Return Portfolio | -0.04 | 0.04 | 0.14 | 91 | Municipal Bonds | DFSVX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.06 | 0.16 | 94 | Municipal Bonds | DFSVX vs DMREX | |
| DFA Commodity Strategy Portfolio | -0.01 | 0.10 | 0.20 | 80 | Commodities | DFSVX vs DCMSX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.10 | 0.13 | 91 | Inflation-Protected Bonds | DFSVX vs VTSPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DFSVX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.03 | 0.10 | 0.23 | 66 | Consumer Defensive | |
| The Coca-Cola Company | 0.00 | 0.11 | 0.23 | 90 | Consumer Defensive | |
| Philip Morris International Inc. | 0.03 | 0.13 | 0.23 | 66 | Consumer Defensive | |
| Duke Energy Corporation | 0.03 | 0.10 | 0.17 | 56 | Utilities | |
| Chevron Corporation | 0.04 | 0.26 | 0.39 | 80 | Energy |
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