Looking to diversify beyond DMCRX? The mutual funds below have historically moved differently from DMCRX, 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 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 Class A (QASGX) (Small Cap Growth Equities) with a 1Y correlation of 0.42, down from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.42 | 0.60 | 0.74 | 68 | Small Cap Growth Equities | DMCRX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.42 | 0.60 | 0.74 | 71 | Small Cap Growth Equities | DMCRX vs QISGX | |
| Driehaus Emerging Markets Growth Fund | 0.66 | 0.62 | 0.63 | 58 | Emerging Markets Equities | DMCRX vs DREGX | |
| abrdn U.S. Small Cap Equity Fund | 0.69 | 0.78 | 0.82 | 66 | Small Cap Growth Equities | DMCRX vs GSXIX | |
| Mutual of America Small Cap Growth Fund | 0.69 | 0.79 | 0.77 | 66 | Small Cap Growth Equities | DMCRX vs MAGKX |
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