Looking to diversify beyond DHRAX? The mutual funds below have historically moved differently from DHRAX, 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 DHRAX
0 mutual funds have low correlation with DHRAX (below 0.3), 0 of which are negatively correlated. The least correlated is Diamond Hill Small Cap Fund Class I (DHSIX) (Small Cap Value Equities) with a 1Y correlation of 0.36, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Diamond Hill Small Cap Fund Class I | 0.36 | 0.23 | 0.13 | 87 | Small Cap Value Equities | DHRAX vs DHSIX | |
| Diamond Hill International Fund | 0.38 | 0.29 | 0.20 | 57 | Foreign Large Cap Equities | DHRAX vs DHIAX | |
| Diamond Hill Small Cap Fund | 0.39 | 0.23 | 0.13 | 88 | Small Cap Value Equities | DHRAX vs DHSCX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.56 | 0.68 | 0.69 | 99 | Short-Term Bond | DHRAX vs DHEIX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.58 | 0.60 | 0.52 | 53 | Municipal Bonds, Intermediate Core Bond, Investment Grade Bonds, Actively Managed | DHRAX vs VCAIX |
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