Looking to diversify beyond DHAMX? The mutual funds below have the lowest correlation with DHAMX — 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 DHAMX.
Best Diversifiers for DHAMX
2 mutual funds have low correlation with DHAMX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Virginia Tax Free Bond Fund (PRVAX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Virginia Tax Free Bond Fund | 0.14 | 0.14 | 0.08 | 86 | Municipal Bonds | DHAMX vs PRVAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.15 | 0.11 | 66 | Large Cap Blend Equities | DHAMX vs SVPFX | |
| Permanent Portfolio Versatile Bond Portfolio | 0.41 | 0.34 | 0.26 | 81 | Short-Term Bond | DHAMX vs PRVBX | |
| North Square Preferred and Income Securities Fund | 0.46 | 0.35 | 0.39 | 68 | Large Cap Blend Equities | DHAMX vs ORDNX | |
| State Street S&P 500 Index Fund Class N | 0.56 | 0.70 | 0.77 | 70 | Large Cap Blend Equities | DHAMX vs SVSPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DHAMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DHAMX and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.21, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.21 | 0.37 | 0.41 | 66 | Technology | |
| Apple Inc | 0.31 | 0.44 | 0.52 | 88 | Technology | |
| Amazon.com, Inc | 0.33 | 0.51 | 0.54 | 52 | Consumer Cyclical | |
| NVIDIA Corporation | 0.34 | 0.47 | 0.53 | 70 | Technology | |
| Alphabet Inc. Class A | 0.35 | 0.50 | 0.56 | 96 | Communication Services |
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