Looking to diversify beyond DOGMX? The mutual funds below have historically moved differently from DOGMX, 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 DOGMX
18 mutual funds have low correlation with DOGMX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.07 | 0.13 | 0.10 | 99 | Municipal Bonds | DOGMX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.08 | 0.12 | 0.10 | 99 | Municipal Bonds | DOGMX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.10 | 0.10 | 0.11 | 100 | Municipal Bonds | DOGMX vs ATOIX | |
| DFA U.S. Small Cap Value Portfolio I | 0.15 | 0.12 | 0.09 | 85 | Small Cap Value Equities | DOGMX vs DFSVX | |
| DFA U.S. Large Cap Value Portfolio | 0.16 | 0.11 | 0.09 | 95 | Large Cap Value Equities | DOGMX vs DFLVX |
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