Looking to diversify beyond DHLYX? The mutual funds below have historically moved differently from DHLYX, 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 DHLYX
2 mutual funds have low correlation with DHLYX (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 0.11 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 | 0.11 | 99 | Short-Term Bond | DHLYX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.21 | 0.12 | 0.11 | 99 | Short-Term Bond | DHLYX vs DHEIX | |
| Voya Corporate Leaders Trust Fund | 0.43 | 0.65 | 0.73 | 92 | Large Cap Value Equities | DHLYX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.56 | 0.65 | 0.73 | 95 | Large Cap Value Equities | DHLYX vs SVAIX | |
| North Square Advisory Research Small Cap Value Fun... | 0.61 | 0.76 | 0.83 | 51 | Large Cap Value Equities | DHLYX vs ADVGX |
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