Looking to diversify beyond DPREX? The mutual funds below have the lowest correlation with DPREX — 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 DPREX.
Best Diversifiers for DPREX
1 mutual funds have low correlation with DPREX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Emerging Markets Fund (DEMIX) (Emerging Markets Diversified) with a 1Y correlation of 0.29, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 0.29 | 0.43 | 0.50 | 98 | Emerging Markets Diversified | DPREX vs DEMIX | |
| LoCorr Macro Strategies Fund Class I | 0.33 | 0.01 | -0.09 | 85 | Global Allocation | DPREX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.41 | 0.40 | 0.58 | 57 | Global Allocation | DPREX vs MHESX | |
| Calamos Global Dynamic Income Fund | 0.43 | 0.51 | 0.57 | 71 | Global Allocation | DPREX vs CHW | |
| Calamos Global Opportunities Fund | 0.47 | 0.52 | 0.65 | 53 | Global Allocation | DPREX vs CVLOX |
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