Looking to diversify beyond DHIAX? The mutual funds below have historically moved differently from DHIAX, 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 DHIAX
2 mutual funds have low correlation with DHIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) (Short-Term Bond) with a 1Y correlation of 0.24, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.24 | 0.17 | 0.17 | 99 | Short-Term Bond | DHIAX vs DHEIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.25 | 0.17 | 0.17 | 99 | Short-Term Bond | DHIAX vs DHEAX | |
| Federated Hermes International Strategic Value Div... | 0.45 | 0.58 | 0.68 | 88 | Foreign Large Cap Equities | DHIAX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.50 | 0.69 | 0.75 | 61 | Foreign Large Cap Equities | DHIAX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.50 | 0.69 | 0.75 | 61 | Foreign Large Cap Equities | DHIAX vs GSINX |
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