Looking to diversify beyond DMO? The mutual funds below have the lowest correlation with DMO — 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 DMO.
Best Diversifiers for DMO
15 mutual funds have low correlation with DMO (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.04, up from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.04 | -0.10 | -0.14 | 85 | Global Allocation | DMO vs LFMIX | |
| Allspring Absolute Return Fund | 0.04 | 0.14 | 0.16 | 91 | Global Allocation | DMO vs WARAX | |
| Hartford Real Asset Fund | 0.11 | 0.16 | 0.18 | 88 | Global Allocation | DMO vs HRLYX | |
| Pioneer Multi-Asset Income Fund | 0.16 | 0.21 | 0.20 | 81 | Global Allocation | DMO vs PMFYX | |
| Thornburg Investment Income Builder Fund | 0.16 | 0.19 | 0.21 | 98 | Global Allocation | DMO vs TIBAX |
See all 15 diversifiers for DMO
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