Looking to diversify beyond DHMBX? The mutual funds below have the lowest correlation with DHMBX — 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 DHMBX.
Best Diversifiers for DHMBX
10 mutual funds have low correlation with DHMBX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of 0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.03 | 0.02 | -0.02 | 59 | Energy Equities | DHMBX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.12 | 0.09 | 0.11 | 72 | Technology Equities | DHMBX vs DTGRX | |
| BNY Mellon Smallcap Stock Index Fund | 0.15 | 0.14 | 0.10 | 66 | Small Cap Blend Equities | DHMBX vs DISSX | |
| BNY Mellon Active MidCap Fund | 0.16 | 0.14 | 0.11 | 52 | Mid Cap Blend Equities | DHMBX vs DNLDX | |
| BNY Mellon Dynamic Value Fund | 0.17 | 0.11 | 0.06 | 82 | Large Cap Value Equities | DHMBX vs DAGVX |
See all 54 diversifiers for DHMBX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DHMBX
Add DHMBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DHMBX