Looking to diversify beyond DHIAX? The mutual funds below have the lowest correlation with DHIAX — 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 DHIAX.
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 0.21, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.21 | 0.18 | 0.17 | 99 | Short-Term Bond | DHIAX vs DHEIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.26 | 0.19 | 0.17 | 99 | Short-Term Bond | DHIAX vs DHEAX | |
| Federated Hermes International Strategic Value Div... | 0.50 | 0.59 | 0.69 | 61 | Foreign Large Cap Equities | DHIAX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.56 | 0.58 | 0.61 | 82 | Foreign Large Cap Equities | DHIAX vs PTSIX | |
| SA International Value Fund | 0.60 | 0.63 | 0.69 | 89 | Foreign Large Cap Equities | DHIAX vs SAHMX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DHIAX
Add DHIAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DHIAX