Looking to diversify beyond DHY? The mutual funds below have historically moved differently from DHY, 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 DHY
27 mutual funds have low correlation with DHY (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.02, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.02 | 0.18 | 0.27 | 94 | Dividend | DHY vs SVAAX | |
| American Century Equity Income Fund | 0.16 | 0.23 | 0.33 | 87 | Dividend, Large Cap Value Equities | DHY vs TWEIX | |
| American Century Equity Income Fund Class I | 0.17 | 0.24 | 0.33 | 88 | Dividend, Large Cap Value Equities | DHY vs ACIIX | |
| Pioneer Multi-Asset Income Fund A | 0.17 | 0.23 | 0.29 | 94 | Diversified Portfolio, Dividend | DHY vs PMAIX | |
| Goldman Sachs Equity Income Fund | 0.18 | 0.28 | 0.35 | 95 | Dividend, Large Cap Value Equities | DHY vs GSGRX |
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