Looking to diversify beyond DMSFX? The mutual funds below have historically moved differently from DMSFX, 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 DMSFX
20 mutual funds have low correlation with DMSFX (below 0.3), 5 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of -0.24, roughly unchanged from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | -0.24 | -0.15 | -0.17 | 90 | Multistrategy | DMSFX vs QSPIX | |
| AQR Style Premia Alternative R6 | -0.23 | -0.16 | -0.17 | 90 | Multistrategy | DMSFX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | -0.23 | -0.16 | -0.17 | 89 | Multistrategy | DMSFX vs QSPNX | |
| Symmetry Panoramic Alternatives Fund | -0.10 | -0.10 | -0.09 | 98 | Multistrategy | DMSFX vs SPATX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.02 | 0.03 | 0.03 | 100 | Multistrategy | DMSFX vs SRRIX |
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