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Destra Flaherty & Crumrine Preferred and Income Fund (DPIIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of preferred and income-producing securities, including traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of both equity and debt securities, convertible securities, contingent-capital securities, subordinated debt, senior debt and securities of other open-end, closed-end or exchange-traded funds that invest primarily in the same types of securities.

Looking to diversify beyond DPIIX? The mutual funds below have the lowest correlation with DPIIX — 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 DPIIX.

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 Lord Abbett Convertible Fund Class F (LBFFX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.42, roughly unchanged from 0.44 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
LBFFX
Lord Abbett Convertible Fund Class F0.420.390.44
83
Preferred Stock/Convertible BondsDPIIX vs LBFFX
CCVIX
Calamos Convertible Fund0.450.400.46
90
Preferred Stock/Convertible BondsDPIIX vs CCVIX
CICVX
Calamos Convertible Fund0.450.400.46
90
Preferred Stock/Convertible BondsDPIIX vs CICVX
FCCVX
Fidelity Advisor Convertible Securities Fund Class...0.450.410.45
85
Preferred Stock/Convertible BondsDPIIX vs FCCVX
FTCVX
Fidelity Advisor Convertible Securities Fund Class...0.450.410.45
86
Preferred Stock/Convertible BondsDPIIX vs FTCVX
See all 16 diversifiers for DPIIX

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