Looking to diversify beyond DITEX? The mutual funds below have historically moved differently from DITEX, 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 DITEX
14 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 0.01, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.01 | -0.00 | -0.02 | 85 | Energy Equities | DITEX vs DNLAX | |
| BNY Mellon Dynamic Value Fund Class I | 0.20 | 0.10 | 0.05 | 91 | Large Cap Value Equities | DITEX vs DRGVX | |
| BNY Mellon Dynamic Value Fund | 0.20 | 0.10 | 0.05 | 90 | Large Cap Value Equities | DITEX vs DAGVX | |
| BNY Mellon Global Real Return Fund - Class I | 0.20 | 0.23 | 0.21 | 79 | Tactical Allocation | DITEX vs DRRIX | |
| abrdn Ultra Short Municipal Income Fund | 0.23 | 0.27 | 0.28 | 100 | Municipal Bonds | DITEX vs ATOIX |
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