Looking to diversify beyond DLDFX? The mutual funds below have historically moved differently from DLDFX, 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 DLDFX
15 mutual funds have low correlation with DLDFX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.00, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.00 | 0.06 | 0.20 | 84 | Short-Term Bond | DLDFX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.11 | 0.32 | 0.39 | 69 | Short-Term Bond | DLDFX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.14 | 0.03 | 0.19 | 100 | Short-Term Bond | DLDFX vs DFCFX | |
| GuidepathConservative Income Fund | 0.15 | 0.24 | 0.26 | 99 | Short-Term Bond | DLDFX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | 0.18 | 0.18 | 0.24 | 98 | Short-Term Bond | DLDFX vs DFAIX |
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