Looking to diversify beyond DFYGX? The mutual funds below have historically moved differently from DFYGX, 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 DFYGX
70 mutual funds have low correlation with DFYGX (below 0.3), 5 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | -0.06 | -0.04 | 0.05 | 95 | Ultrashort Bond | DFYGX vs SMBPX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.04 | 0.00 | 0.14 | 99 | Ultrashort Bond | DFYGX vs TRSTX | |
| PIMCO Short Asset Investment Fund | -0.02 | 0.03 | 0.09 | 100 | Ultrashort Bond | DFYGX vs PAIPX | |
| PIMCO Short Term Fund | -0.01 | -0.03 | 0.00 | 99 | Ultrashort Bond | DFYGX vs PTSHX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.00 | 0.04 | 0.08 | 100 | Ultrashort Bond | DFYGX vs ENIAX |
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