Looking to diversify beyond DOGMX? The mutual funds below have the lowest correlation with DOGMX — 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 DOGMX.
Best Diversifiers for DOGMX
20 mutual funds have low correlation with DOGMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.03 | 0.12 | 0.10 | 98 | Municipal Bonds | DOGMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.07 | 0.11 | 0.10 | 98 | Municipal Bonds | DOGMX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.12 | 0.08 | 0.11 | 99 | Municipal Bonds | DOGMX vs ATOIX | |
| DFA U.S. Targeted Value Portfolio | 0.12 | 0.12 | 0.09 | 56 | Small Cap Value Equities | DOGMX vs DFFVX | |
| DFA U.S. Large Cap Value Portfolio | 0.13 | 0.11 | 0.09 | 92 | Large Cap Value Equities | DOGMX vs DFLVX |
See all 26 diversifiers for DOGMX
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