Looking to diversify beyond DHIVX? The mutual funds below have historically moved differently from DHIVX, 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 DHIVX
14 mutual funds have low correlation with DHIVX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.06 | 0.14 | 0.07 | 99 | Multisector Bonds | DHIVX vs NWXHX | |
| AQR Managed Futures Strategy Fund - Class I | 0.09 | -0.03 | -0.13 | 90 | Systematic Trend | DHIVX vs AQMIX | |
| Parametric Commodity Strategy Fund Class A | 0.09 | 0.17 | 0.30 | 85 | Commodities | DHIVX vs EAPCX | |
| AQR Global Equity Fund | 0.17 | 0.37 | 0.54 | 80 | Global Equities | DHIVX vs AQGIX | |
| Fidelity Multi-Asset Index Fund | 0.21 | 0.40 | 0.54 | 66 | Diversified Portfolio | DHIVX vs FFNOX |
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