Looking to diversify beyond DISSX? The mutual funds below have the lowest correlation with DISSX — 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 DISSX.
Best Diversifiers for DISSX
9 mutual funds have low correlation with DISSX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon High Yield Municipal Bond Fund (DHMBX) (High Yield Muni) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon High Yield Municipal Bond Fund | 0.15 | 0.14 | 0.10 | 68 | High Yield Muni | DISSX vs DHMBX | |
| BNY Mellon Opportunistic Municipal Securities Fund | 0.16 | 0.15 | 0.11 | 75 | Municipal Bonds | DISSX vs PTEBX | |
| BNY Mellon New Jersey Municipal Bond Fund Class A | 0.17 | 0.15 | 0.10 | 73 | Municipal Bonds | DISSX vs DRNJX | |
| BNY Mellon AMT-Free Municipal Bond Fund | 0.17 | 0.15 | 0.10 | 77 | Municipal Bonds | DISSX vs DRMBX | |
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.18 | 0.13 | 0.10 | 77 | Municipal Bonds | DISSX vs DSIBX |
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