Looking to diversify beyond DLDRX? The mutual funds below have the lowest correlation with DLDRX — 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 DLDRX.
Best Diversifiers for DLDRX
3 mutual funds have low correlation with DLDRX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Floating Rate Income Fund (DFLYX) (Bank Loan) with a 1Y correlation of 0.20, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.20 | 0.20 | 0.23 | 81 | Bank Loan | DLDRX vs DFLYX | |
| BNY Mellon High Yield Fund | 0.22 | 0.25 | 0.29 | 56 | High Yield Bonds | DLDRX vs DLHRX | |
| Fidelity Growth Company K6 Fund | 0.30 | 0.39 | 0.43 | 81 | Large Cap Growth Equities | DLDRX vs FGKFX | |
| JHancock Infrastructure Fund | 0.38 | 0.45 | 0.48 | 58 | Energy Equities | DLDRX vs JEEIX | |
| Fidelity 500 Index Fund | 0.39 | 0.48 | 0.52 | 65 | S&P 500 | DLDRX vs FXAIX |
See all 36 diversifiers for DLDRX
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