Looking to diversify beyond DRCAX? The mutual funds below have the lowest correlation with DRCAX — 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 DRCAX.
Best Diversifiers for DRCAX
17 mutual funds have low correlation with DRCAX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of 0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.02 | 0.00 | -0.02 | 89 | Energy Equities | DRCAX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.13 | 0.10 | 0.10 | 79 | Technology Equities | DRCAX vs DTGRX | |
| BNY Mellon Dynamic Value Fund | 0.15 | 0.10 | 0.05 | 79 | Large Cap Value Equities | DRCAX vs DAGVX | |
| BNY Mellon Dynamic Value Fund Class I | 0.15 | 0.10 | 0.05 | 80 | Large Cap Value Equities | DRCAX vs DRGVX | |
| BNY Mellon S&P 500 Index Fund | 0.16 | 0.14 | 0.11 | 71 | S&P 500 | DRCAX vs PEOPX |
See all 24 diversifiers for DRCAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DRCAX
Add DRCAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DRCAX