Looking to diversify beyond DMO? The mutual funds below have historically moved differently from DMO, 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 DMO
31 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 0.02, up from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.02 | -0.08 | -0.14 | 81 | Global Allocation | DMO vs LFMIX | |
| Wilmington Real Asset Fund | 0.06 | 0.15 | 0.18 | 91 | Global Allocation | DMO vs WMRIX | |
| Hartford Real Asset Fund | 0.08 | 0.13 | 0.17 | 96 | Global Allocation | DMO vs HRLYX | |
| Allspring Absolute Return Fund | 0.08 | 0.13 | 0.16 | 86 | Global Allocation | DMO vs WARAX | |
| Cohen & Steers Real Assets Fund Inc | 0.13 | 0.17 | 0.18 | 55 | Global Allocation | DMO vs RAPZX |
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