Looking to diversify beyond DIBRX? The mutual funds below have the lowest correlation with DIBRX — 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 DIBRX.
Best Diversifiers for DIBRX
2 mutual funds have low correlation with DIBRX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund (DLDRX) (Energy Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund | 0.25 | 0.21 | 0.20 | 59 | Energy Equities | DIBRX vs DLDRX | |
| BNY Mellon Floating Rate Income Fund | 0.29 | 0.14 | 0.17 | 82 | Bank Loan | DIBRX vs DFLYX | |
| BNY Mellon Small Cap Value Fund | 0.36 | 0.29 | 0.27 | 54 | Small Cap Blend Equities | DIBRX vs STSVX | |
| BNY Mellon Equity Income Fund | 0.38 | 0.25 | 0.26 | 89 | Large Cap Value Equities | DIBRX vs DQIRX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.39 | 0.51 | 0.53 | 91 | Global Bonds | DIBRX vs PRSNX |
See all 13 diversifiers for DIBRX
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