Looking to diversify beyond DPREX? The mutual funds below have historically moved differently from DPREX, 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 DPREX
3 mutual funds have low correlation with DPREX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax Free USA Fund (DMTFX) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware Tax Free USA Fund | 0.23 | 0.29 | 0.25 | 75 | Municipal Bonds | DPREX vs DMTFX | |
| Delaware National High-Yield Municipal Bond Fund | 0.26 | 0.29 | 0.24 | 72 | High Yield Muni | DPREX vs CXHYX | |
| Delaware Emerging Markets Fund | 0.27 | 0.40 | 0.48 | 91 | Emerging Markets Equities | DPREX vs DEMIX | |
| LoCorr Macro Strategies Fund Class I | 0.32 | 0.02 | -0.10 | 79 | Global Allocation | DPREX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.38 | 0.37 | 0.58 | 68 | Global Allocation | DPREX vs MHESX |
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