Looking to diversify beyond DOMIX? The mutual funds below have the lowest correlation with DOMIX — 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 DOMIX.
Best Diversifiers for DOMIX
0 mutual funds have low correlation with DOMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.54, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.54 | 0.58 | 0.67 | 63 | Foreign Large Cap Equities | DOMIX vs IVFIX | |
| Thornburg Global Opportunities Fund | 0.59 | 0.72 | 0.77 | 86 | Foreign Large Cap Equities | DOMIX vs THOIX | |
| PIMCO RAE PLUS International Fund | 0.62 | 0.65 | 0.70 | 83 | Foreign Large Cap Equities | DOMIX vs PTSIX | |
| American Beacon Tocqueville International Value Fu... | 0.65 | 0.70 | 0.79 | 84 | Foreign Large Cap Equities | DOMIX vs TIVFX | |
| SA International Value Fund | 0.66 | 0.67 | 0.74 | 89 | Foreign Large Cap Equities | DOMIX vs SAHMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DOMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DOMIX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.40, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.40 | 0.39 | 0.42 | 63 | Consumer Cyclical |
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