Looking to diversify beyond DLHIX? The mutual funds below have the lowest correlation with DLHIX — 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 DLHIX.
Best Diversifiers for DLHIX
6 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 0.10, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Floating Rate Fund | 0.10 | 0.16 | 0.15 | 94 | Bank Loan | DLHIX vs DDFLX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.18 | 0.22 | 0.22 | 90 | High Yield Bonds | DLHIX vs FFRIX | |
| Delaware Minnesota High-Yield Municipal Bond Fund | 0.19 | 0.17 | 0.14 | 69 | Municipal Bonds | DLHIX vs DVMHX | |
| Delaware Tax-Free Minnesota Fund | 0.20 | 0.18 | 0.14 | 66 | Municipal Bonds | DLHIX vs DEFFX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.24 | 0.28 | 0.35 | 81 | Emerging Markets Diversified | DLHIX vs IPOAX |
See all 18 diversifiers for DLHIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DLHIX
Add DLHIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DLHIX