Looking to diversify beyond DIEFX? The mutual funds below have the lowest correlation with DIEFX — 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 DIEFX.
Best Diversifiers for DIEFX
0 mutual funds have low correlation with DIEFX (below 0.3), 0 of which are negatively correlated. The least correlated is Destinations Low Duration Fixed Income Fund (DLDFX) (Short-Term Bond) with a 1Y correlation of 0.34, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Low Duration Fixed Income Fund | 0.34 | 0.25 | 0.27 | 94 | Short-Term Bond | DIEFX vs DLDFX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.47 | 0.38 | 0.41 | 98 | Global Bonds | DIEFX vs DGFFX | |
| Kopernik International Fund | 0.62 | 0.55 | 0.64 | 81 | Foreign Large Cap Equities | DIEFX vs KGIIX | |
| Destinations Equity Income Fund | 0.67 | 0.72 | 0.75 | 59 | Large Cap Value Equities | DIEFX vs DGEFX | |
| EuroPac International Dividend Income Fund | 0.67 | 0.71 | 0.73 | 87 | Foreign Large Cap Equities | DIEFX vs EPDIX |
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