Looking to diversify beyond DIBRX? The mutual funds below have historically moved differently from DIBRX, 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 DIBRX
3 mutual funds have low correlation with DIBRX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.17 | 0.06 | 0.27 | 100 | Global Bonds | DIBRX vs DFGFX | |
| BNY Mellon Natural Resources Fund | 0.25 | 0.19 | 0.21 | 85 | Energy Equities | DIBRX vs DLDRX | |
| BNY Mellon Floating Rate Income Fund | 0.29 | 0.13 | 0.17 | 85 | Bank Loan | DIBRX vs DFLYX | |
| BNY Mellon Small Cap Value Fund | 0.35 | 0.28 | 0.27 | 59 | Small Cap Blend Equities | DIBRX vs STSVX | |
| BNY Mellon Equity Income Fund | 0.39 | 0.25 | 0.26 | 87 | Dividend, Large Cap Value Equities | DIBRX vs DQIRX |
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