Looking to diversify beyond DHMAX? The mutual funds below have the lowest correlation with DHMAX — 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 DHMAX.
Best Diversifiers for DHMAX
2 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 0.20, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Diamond Hill Short Duration Securitized Bond Fund | 0.20 | 0.12 | 0.09 | 99 | Short-Term Bond | DHMAX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.24 | 0.13 | 0.10 | 99 | Short-Term Bond | DHMAX vs DHEIX | |
| Invesco Value Opportunities Fund Class Y | 0.70 | 0.79 | 0.85 | 81 | Mid Cap Value Equities | DHMAX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.70 | 0.79 | 0.85 | 81 | Mid Cap Value Equities | DHMAX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.70 | 0.78 | 0.85 | 81 | Mid Cap Value Equities | DHMAX vs UMCVX |
See all 23 diversifiers for DHMAX
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