Looking to diversify beyond DMCRX? The mutual funds below have the lowest correlation with DMCRX — 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 DMCRX.
Best Diversifiers for DMCRX
0 mutual funds have low correlation with DMCRX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.31, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.31 | 0.60 | 0.75 | 72 | Small Cap Growth Equities | DMCRX vs QISGX | |
| Driehaus Emerging Markets Small Cap Growth Fund | 0.54 | 0.55 | 0.54 | 74 | Emerging Markets Diversified | DMCRX vs DRESX | |
| Driehaus Emerging Markets Growth Fund | 0.62 | 0.61 | 0.62 | 86 | Emerging Markets Diversified | DMCRX vs DREGX | |
| USAA Nasdaq 100 Index Fund | 0.68 | 0.67 | 0.71 | 69 | Nasdaq-100, Large Cap Growth Equities | DMCRX vs USNQX | |
| Mutual of America Small Cap Growth Fund | 0.68 | 0.79 | 0.77 | 72 | Small Cap Growth Equities | DMCRX vs MAGKX |
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