Looking to diversify beyond DODFX? The mutual funds below have the lowest correlation with DODFX — 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 DODFX.
Best Diversifiers for DODFX
6 mutual funds have low correlation with DODFX (below 0.3), 2 of which are negatively correlated. The least correlated is Credit Suisse Trust Commodity Return Strategy Portfolio (CCRSX) (Commodities) with a 1Y correlation of -0.04, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Credit Suisse Trust Commodity Return Strategy Port... | -0.04 | 0.17 | 0.26 | 52 | Commodities | DODFX vs CCRSX | |
| Fidelity Select Energy Portfolio | -0.00 | 0.27 | 0.42 | 70 | Energy Equities | DODFX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.15 | 0.16 | 89 | Inflation-Protected Bonds | DODFX vs VTAPX | |
| AQR Managed Futures Strategy Fund | 0.12 | 0.01 | -0.10 | 92 | Systematic Trend | DODFX vs AQMIX | |
| Voya Corporate Leaders Trust Fund | 0.15 | 0.39 | 0.53 | 78 | Large Cap Value Equities | DODFX vs LEXCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DODFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DODFX and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.09, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.09 | 0.15 | 0.30 | 64 | Energy | |
| ConocoPhillips Company | -0.09 | 0.12 | 0.29 | 66 | Energy | |
| Devon Energy Corporation | -0.07 | 0.19 | 0.33 | 73 | Energy | |
| Altria Group, Inc. | -0.07 | 0.12 | 0.21 | 78 | Consumer Defensive | |
| Energy Transfer LP | -0.05 | 0.22 | 0.36 | 83 | Energy |
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Build a portfolio that complements DODFX
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