Looking to diversify beyond DHEAX? The mutual funds below have the lowest correlation with DHEAX — 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 DHEAX.
Best Diversifiers for DHEAX
20 mutual funds have low correlation with DHEAX (below 0.3), 2 of which are negatively correlated. The least correlated is Payden Floating Rate Fund (PYFRX) (Bank Loan) with a 1Y correlation of -0.05, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | -0.05 | 0.04 | 0.10 | 98 | Bank Loan | DHEAX vs PYFRX | |
| Nationwide Strategic Income A | -0.02 | 0.25 | 0.16 | 99 | Multisector Bonds | DHEAX vs NWXEX | |
| DFA Two-Year Fixed Income Portfolio | 0.01 | 0.01 | 0.38 | 66 | Short-Term Bond | DHEAX vs DFCFX | |
| Nationwide Amundi Strategic Income Fund | 0.02 | 0.27 | 0.15 | 99 | Multisector Bonds | DHEAX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.03 | 0.13 | 0.12 | 97 | Multisector Bonds | DHEAX vs CBLDX |
See all 115 diversifiers for DHEAX
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