Looking to diversify beyond DHMAX? The mutual funds below have historically moved differently from DHMAX, 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 DHMAX
1 mutual funds have low correlation with DHMAX (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 0.21, up 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 | 0.21 | 0.11 | 0.10 | 99 | Short-Term Bond | DHMAX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.30 | 0.13 | 0.10 | 99 | Short-Term Bond | DHMAX vs DHEIX | |
| Touchstone Global ESG Equity Fund | 0.52 | 0.61 | 0.71 | 52 | Foreign Large Cap Equities | DHMAX vs TEQAX | |
| Diamond Hill International Fund | 0.58 | 0.65 | 0.71 | 61 | Foreign Large Cap Equities | DHMAX vs DHIAX | |
| Invesco Value Opportunities Fund Class Y | 0.59 | 0.74 | 0.82 | 74 | Mid Cap Value Equities | DHMAX vs VVOIX |
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