Looking to diversify beyond DISSX? The mutual funds below have historically moved differently from DISSX, 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 DISSX
8 mutual funds have low correlation with DISSX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) (Municipal Bonds) with a 1Y correlation of 0.18, 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 |
|---|---|---|---|---|---|---|---|
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.18 | 0.14 | 0.10 | 72 | Municipal Bonds | DISSX vs DSIBX | |
| BNY Mellon New Jersey Municipal Bond Fund Class A | 0.21 | 0.16 | 0.11 | 74 | Municipal Bonds | DISSX vs DRNJX | |
| BNY Mellon New York AMT-Free Municipal Bond Fund | 0.22 | 0.15 | 0.11 | 81 | Municipal Bonds | DISSX vs PSNYX | |
| BNY Mellon Opportunistic Municipal Securities Fund | 0.22 | 0.15 | 0.12 | 87 | Municipal Bonds | DISSX vs PTEBX | |
| BNY Mellon AMT-Free Municipal Bond Fund | 0.23 | 0.15 | 0.11 | 88 | Municipal Bonds | DISSX vs DRMBX |
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