Looking to diversify beyond DHTAX? The mutual funds below have historically moved differently from DHTAX, 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 DHTAX
3 mutual funds have low correlation with DHTAX (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 0.15, roughly unchanged 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 | 0.15 | 0.09 | 0.10 | 99 | Short-Term Bond | DHTAX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 0.21 | 0.11 | 0.11 | 99 | Short-Term Bond | DHTAX vs DHEIX | |
| Aegis Value Fund Class I | 0.21 | 0.38 | 0.50 | 95 | Small Cap Value Equities | DHTAX vs AVALX | |
| Invesco Value Opportunities Fund | 0.40 | 0.67 | 0.78 | 80 | Mid Cap Value Equities | DHTAX vs VVOAX | |
| Invesco V.I. American Value Fund | 0.40 | 0.67 | 0.78 | 78 | Mid Cap Value Equities | DHTAX vs UMCVX |
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