Looking to diversify beyond DQEIX? The mutual funds below have the lowest correlation with DQEIX — 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 DQEIX.
Best Diversifiers for DQEIX
0 mutual funds have low correlation with DQEIX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Floating Rate Income Fund (DFLYX) (Bank Loan) with a 1Y correlation of 0.31, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.31 | 0.29 | 0.32 | 82 | Bank Loan | DQEIX vs DFLYX | |
| T. Rowe Price Global Technology Fund I Class | 0.38 | 0.40 | 0.48 | 87 | Technology Equities, Global Equities | DQEIX vs PGTIX | |
| Oberweis Global Opportunities Fund | 0.50 | 0.57 | 0.64 | 75 | Global Equities | DQEIX vs OBEGX | |
| BNY Mellon High Yield Fund | 0.51 | 0.46 | 0.50 | 60 | High Yield Bonds | DQEIX vs DLHRX | |
| American Funds The New Economy Fund® Class F-2 | 0.53 | 0.55 | 0.65 | 87 | Global Equities | DQEIX vs NEFFX |
See all 34 diversifiers for DQEIX
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