Looking to diversify beyond DQEIX? The mutual funds below have historically moved differently from DQEIX, 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 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 0.33, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Floating Rate Income Fund | 0.33 | 0.29 | 0.33 | 85 | Bank Loan | DQEIX vs DFLYX | |
| GQG Partners Global Quality Dividend Income Fund | 0.44 | 0.64 | 0.73 | 70 | Quality Factor, Global Equities | DQEIX vs GQFPX | |
| Oberweis Global Opportunities Fund | 0.45 | 0.54 | 0.63 | 54 | Global Equities | DQEIX vs OBEGX | |
| American Funds The New Economy Fund Class A | 0.48 | 0.53 | 0.64 | 72 | Global Equities, Actively Managed | DQEIX vs ANEFX | |
| Allspring Emerging Markets Equity Income Fund | 0.49 | 0.51 | 0.58 | 63 | Dividend, Emerging Markets Equities | DQEIX vs EQIIX |
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