Looking to diversify beyond DLHIX? The mutual funds below have historically moved differently from DLHIX, 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 DLHIX
5 mutual funds have low correlation with DLHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Floating Rate Fund (DDFLX) (Bank Loan) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Floating Rate Fund | 0.08 | 0.14 | 0.15 | 96 | Bank Loan | DLHIX vs DDFLX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.12 | 0.20 | 0.21 | 94 | High Yield Bonds | DLHIX vs FFRIX | |
| Delaware Tax-Free Minnesota Fund | 0.20 | 0.16 | 0.14 | 80 | Municipal Bonds | DLHIX vs DEFFX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.21 | 0.16 | 0.14 | 88 | Municipal Bonds | DLHIX vs DVMHX | |
| Delaware Strategic Income Fund | 0.29 | 0.27 | 0.24 | 66 | Multisector Bonds | DLHIX vs DEGGX |
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