Looking to diversify beyond DMA? The mutual funds below have historically moved differently from DMA, 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 DMA
30 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.07 | 0.01 | — | 83 | Diversified Portfolio | DMA vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.02 | — | 66 | Diversified Portfolio | DMA vs MHELX | |
| ICON Equity Income Fund | 0.12 | 0.23 | — | 94 | Diversified Portfolio | DMA vs IOEZX | |
| DWS RREEF Real Assets Fund - Class A | 0.13 | 0.23 | — | 77 | Diversified Portfolio | DMA vs AAAAX | |
| Virtus Total Return Fund | 0.15 | 0.24 | — | 72 | Diversified Portfolio | DMA vs ZTR |
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