Looking to diversify beyond DHIVX? The mutual funds below have the lowest correlation with DHIVX — 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 DHIVX.
Best Diversifiers for DHIVX
28 mutual funds have low correlation with DHIVX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.01 | 0.13 | 0.07 | 99 | Multisector Bonds | DHIVX vs NWXHX | |
| Parametric Commodity Strategy Fund Class A | 0.06 | 0.20 | 0.31 | 89 | Commodities | DHIVX vs EAPCX | |
| AQR Managed Futures Strategy Fund | 0.12 | -0.06 | -0.12 | 89 | Systematic Trend | DHIVX vs AQMIX | |
| Oil Equipment & Services UltraSector ProFund | 0.20 | 0.32 | 0.45 | 91 | Energy Equities | DHIVX vs OEPIX | |
| Rydex Energy Services Fund | 0.20 | 0.33 | 0.47 | 90 | Energy Equities | DHIVX vs RYVIX |
See all 51 diversifiers for DHIVX
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