Looking to diversify beyond DPFNX? The mutual funds below have the lowest correlation with DPFNX — 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 DPFNX.
Best Diversifiers for DPFNX
18 mutual funds have low correlation with DPFNX (below 0.3), 3 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.14, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.14 | -0.07 | -0.02 | 100 | High Yield Bonds | DPFNX vs XILSX | |
| Cliffwater Corporate Lending Fund | -0.06 | -0.01 | 0.03 | 100 | High Yield Bonds | DPFNX vs CCLFX | |
| T. Rowe Price Floating Rate Fund | -0.01 | -0.01 | 0.05 | 96 | High Yield Bonds | DPFNX vs PRFRX | |
| RiverPark Short Term High Yield Fund | 0.02 | 0.03 | 0.04 | 100 | High Yield Bonds | DPFNX vs RPHIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 0.09 | 0.17 | 0.19 | 94 | High Yield Bonds | DPFNX vs FIQTX |
See all 21 diversifiers for DPFNX
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