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
3 mutual funds have low correlation with DODFX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.15 | 0.16 | 84 | Inflation-Protected Bonds | DODFX vs VTAPX | |
| AQR Managed Futures Strategy Fund | 0.06 | -0.02 | -0.09 | 92 | Systematic Trend | DODFX vs AQMIX | |
| Fidelity Floating Rate High Income Fund | 0.22 | 0.26 | 0.34 | 92 | Bank Loan | DODFX vs FFRHX | |
| AQR Long-Short Equity Fund | 0.34 | 0.34 | 0.36 | 57 | Long-Short | DODFX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.34 | 0.35 | 0.36 | 54 | Long-Short, Actively Managed | DODFX vs QLENX |
To view more results, upgrade your current subscription plan.
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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.09, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.09 | 0.13 | 0.29 | 65 | Energy | |
| Altria Group, Inc. | -0.07 | 0.12 | 0.21 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.06 | 0.16 | 0.30 | 72 | Energy | |
| Energy Transfer LP | -0.05 | 0.22 | 0.36 | 72 | Energy | |
| Chevron Corporation | -0.02 | 0.17 | 0.32 | 70 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DODFX
Add DODFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DODFX