Looking to diversify beyond DITEX? The mutual funds below have the lowest correlation with DITEX — 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 DITEX.
Best Diversifiers for DITEX
16 mutual funds have low correlation with DITEX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of 0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.02 | 0.01 | -0.02 | 89 | Energy Equities | DITEX vs DNLAX | |
| BNY Mellon Dynamic Value Fund | 0.11 | 0.08 | 0.04 | 79 | Large Cap Value Equities | DITEX vs DAGVX | |
| BNY Mellon Dynamic Value Fund Class I | 0.11 | 0.08 | 0.04 | 80 | Large Cap Value Equities | DITEX vs DRGVX | |
| BNY Mellon Technology Growth Fund | 0.12 | 0.09 | 0.09 | 79 | Technology Equities | DITEX vs DTGRX | |
| BNY Mellon S&P 500 Index Fund | 0.14 | 0.13 | 0.10 | 71 | S&P 500 | DITEX vs PEOPX |
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