Looking to diversify beyond DMNBX? The mutual funds below have the lowest correlation with DMNBX — 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 DMNBX.
Best Diversifiers for DMNBX
27 mutual funds have low correlation with DMNBX (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.00 | 0.02 | 0.07 | 99 | Municipal Bonds | DMNBX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.05 | 0.02 | 0.03 | 99 | Municipal Bonds | DMNBX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.06 | 0.08 | 0.06 | 99 | Municipal Bonds | DMNBX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.08 | 0.27 | 0.41 | 99 | Municipal Bonds | DMNBX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.11 | 0.24 | 0.36 | 99 | Municipal Bonds | DMNBX vs USMSX |
See all 29 diversifiers for DMNBX
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