Looking to diversify beyond DNAVX? The mutual funds below have the lowest correlation with DNAVX — 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 DNAVX.
Best Diversifiers for DNAVX
12 mutual funds have low correlation with DNAVX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of 0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | 0.04 | 0.26 | 0.19 | 62 | Macro Trading | DNAVX vs PCBAX | |
| Dunham High Yield Bond Fund | 0.10 | 0.37 | 0.48 | 74 | High Yield Bonds | DNAVX vs DCHYX | |
| Dunham Monthly Distribution Fund | 0.13 | 0.29 | 0.36 | 96 | Event Driven | DNAVX vs DAMDX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.13 | 0.22 | 0.09 | 97 | Macro Trading | DNAVX vs EGRAX | |
| Dunham Emerging Markets Stock Fund | 0.14 | 0.44 | 0.53 | 85 | Emerging Markets Diversified | DNAVX vs DCEMX |
See all 15 diversifiers for DNAVX
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