Looking to diversify beyond DHLRX? The mutual funds below have historically moved differently from DHLRX, 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 DHLRX
3 mutual funds have low correlation with DHLRX (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 0.17, roughly unchanged from 0.10 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 | 0.17 | 0.11 | 0.10 | 99 | Short-Term Bond | DHLRX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.21 | 0.12 | 0.11 | 99 | Short-Term Bond | DHLRX vs DHEIX | |
| AMG Yacktman Focused Fund | 0.27 | 0.57 | 0.72 | 89 | Large Cap Value Equities | DHLRX vs YAFFX | |
| Federated Hermes Equity Income Fund | 0.35 | 0.59 | 0.77 | 72 | Dividend, Large Cap Value Equities | DHLRX vs LEIFX | |
| Neiman Large Cap Value Fund | 0.37 | 0.64 | 0.78 | 95 | Large Cap Value Equities | DHLRX vs NEIMX |
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