Looking to diversify beyond DODBX? The mutual funds below have historically moved differently from DODBX, 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 DODBX
4 mutual funds have low correlation with DODBX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.02 | 0.15 | 0.23 | 83 | Diversified Portfolio | DODBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.10 | 0.16 | 0.50 | 66 | Diversified Portfolio | DODBX vs MHELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.15 | 0.19 | 0.21 | 91 | Inflation-Protected Bonds, Short-Term Bond, Investment Grade Bonds | DODBX vs VTIPX | |
| Virtus Diversified Income & Convertible Fund | 0.29 | 0.44 | 0.53 | 64 | Diversified Portfolio, Convertible Bonds | DODBX vs ACV | |
| Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 0.30 | 0.24 | 0.18 | 77 | Municipal Bonds | DODBX vs VTEAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DODBX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Electronic Arts Inc. (EA) (Communication Services) with a 1Y correlation of 0.12, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Electronic Arts Inc. | 0.12 | 0.30 | 0.39 | 96 | Communication Services | |
| PepsiCo, Inc. | 0.24 | 0.32 | 0.34 | 50 | Consumer Defensive | |
| Lemonade, Inc. | 0.31 | 0.38 | 0.42 | 59 | Financial Services | |
| Apple Inc | 0.34 | 0.34 | 0.49 | 89 | Technology | |
| eBay Inc. | 0.35 | 0.41 | 0.51 | 67 | Consumer Cyclical |
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