Looking to diversify beyond DHEIX? The mutual funds below have the lowest correlation with DHEIX — 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 DHEIX.
Best Diversifiers for DHEIX
11 mutual funds have low correlation with DHEIX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.00, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.00 | 0.11 | 0.18 | 82 | Short-Term Bond | DHEIX vs LCCMX | |
| Redwood Real Estate Income Fund | 0.03 | — | — | 100 | REIT | DHEIX vs CREMX | |
| GuidePath Absolute Return Allocation Fund | 0.14 | 0.48 | 0.55 | 54 | Short-Term Bond | DHEIX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.14 | 0.06 | 0.38 | 100 | Short-Term Bond | DHEIX vs DFCFX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.28 | 0.18 | 99 | Multisector Bonds | DHEIX vs NWXHX |
See all 111 diversifiers for DHEIX
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