Looking to diversify beyond DHLAX? The mutual funds below have the lowest correlation with DHLAX — 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 DHLAX.
Best Diversifiers for DHLAX
3 mutual funds have low correlation with DHLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Diamond Hill Short Duration Securitized Bond Fund (DHEAX) (Short-Term Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Diamond Hill Short Duration Securitized Bond Fund | 0.15 | 0.10 | 0.10 | 99 | Short-Term Bond | DHLAX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.16 | 0.11 | 0.10 | 99 | Short-Term Bond | DHLAX vs DHEIX | |
| Federated Hermes Equity Income Fund | 0.20 | 0.59 | 0.78 | 53 | Large Cap Value Equities | DHLAX vs LEIFX | |
| Rational Equity Armor Fund | 0.33 | 0.48 | 0.64 | 57 | Large Cap Value Equities | DHLAX vs HDCTX | |
| Fidelity Large Cap Stock Fund | 0.50 | 0.68 | 0.82 | 76 | Large Cap Value Equities | DHLAX vs FLCSX |
See all 37 diversifiers for DHLAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DHLAX
Add DHLAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DHLAX