Looking to diversify beyond DODFX? The mutual funds below have historically moved differently from DODFX, 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 DODFX
8 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 -0.06, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Credit Suisse Trust Commodity Return Strategy Port... | -0.06 | 0.16 | 0.25 | 74 | Commodities | DODFX vs CCRSX | |
| Fidelity Select Energy Portfolio | -0.03 | 0.25 | 0.41 | 87 | Energy Equities | DODFX vs FSENX | |
| GQG Partners US Quality Dividend Income Fund | 0.01 | 0.38 | 0.52 | 58 | Quality Factor, Large Cap Value Equities | DODFX vs GQHPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.13 | 0.16 | 91 | Inflation-Protected Bonds | DODFX vs VTAPX | |
| Voya Corporate Leaders Trust Fund | 0.10 | 0.37 | 0.52 | 94 | Large Cap Value Equities | DODFX vs LEXCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DODFX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.15, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.15 | 0.12 | 0.28 | 68 | Energy | |
| ConocoPhillips Company | -0.15 | 0.09 | 0.27 | 73 | Energy | |
| Devon Energy Corporation | -0.13 | 0.16 | 0.31 | 78 | Energy | |
| Altria Group, Inc. | -0.11 | 0.10 | 0.19 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.09 | 0.14 | 0.29 | 85 | Energy |
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