Looking to diversify beyond DMA? The mutual funds below have the lowest correlation with DMA — 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 DMA.
Best Diversifiers for DMA
34 mutual funds have low correlation with DMA (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.07 | 0.01 | — | 60 | Diversified Portfolio | DMA vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.06 | 0.02 | — | 67 | Diversified Portfolio | DMA vs MHELX | |
| ICON Equity Income Fund | 0.12 | 0.24 | — | 82 | Diversified Portfolio | DMA vs IOEZX | |
| Virtus Total Return Fund | 0.12 | 0.24 | — | 66 | Diversified Portfolio | DMA vs ZTR | |
| DWS RREEF Real Assets Fund - Class A | 0.13 | 0.22 | — | 52 | Diversified Portfolio | DMA vs AAAAX |
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