Looking to diversify beyond DNVYX? The mutual funds below have historically moved differently from DNVYX, 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 DNVYX
1 mutual funds have low correlation with DNVYX (below 0.3), 0 of which are negatively correlated. The least correlated is Davis Government Bond Fund (RFBAX) (Government Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Davis Government Bond Fund | 0.07 | 0.07 | 0.06 | 88 | Government Bonds | DNVYX vs RFBAX | |
| Adams Diversified Equity Fund, Inc. | 0.55 | 0.69 | 0.77 | 83 | Large Cap Blend Equities | DNVYX vs ADX | |
| Fidelity Growth Company K6 Fund | 0.58 | 0.67 | 0.75 | 61 | Large Cap Growth Equities | DNVYX vs FGKFX | |
| Fidelity OTC Portfolio Class K | 0.58 | 0.67 | 0.75 | 76 | Large Cap Growth Equities | DNVYX vs FOCKX | |
| Fidelity OTC Portfolio | 0.58 | 0.67 | 0.75 | 76 | Large Cap Growth Equities | DNVYX vs FOCPX |
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