Looking to diversify beyond DPIIX? The mutual funds below have historically moved differently from DPIIX, 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 DPIIX
0 mutual funds have low correlation with DPIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Convertible Securities Fund Class I (FICVX) (Convertible Bonds) with a 1Y correlation of 0.46, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Convertible Securities Fund Class... | 0.46 | 0.41 | 0.46 | 53 | Convertible Bonds | DPIIX vs FICVX | |
| Calamos Convertible Fund | 0.47 | 0.40 | 0.47 | 72 | Convertible Bonds | DPIIX vs CICVX | |
| Calamos Convertible Fund | 0.47 | 0.40 | 0.47 | 70 | Convertible Bonds | DPIIX vs CCVIX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.47 | 0.41 | 0.46 | 54 | Convertible Bonds | DPIIX vs FIQVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.48 | 0.41 | 0.46 | 52 | Convertible Bonds | DPIIX vs FACVX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DPIIX
Add DPIIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DPIIX