Looking to diversify beyond DRDIX? The mutual funds below have historically moved differently from DRDIX, 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 DRDIX
8 mutual funds have low correlation with DRDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund (QIACX) (Large Cap Blend Equities) with a 1Y correlation of 0.14, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.14 | 0.44 | 0.67 | 53 | Large Cap Blend Equities | DRDIX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.14 | 0.44 | 0.67 | 50 | Large Cap Blend Equities | DRDIX vs QKACX | |
| PRIMECAP Odyssey Growth Fund | 0.18 | 0.53 | 0.67 | 89 | Large Cap Blend Equities | DRDIX vs POGRX | |
| North Square Preferred and Income Securities Fund | 0.22 | 0.27 | 0.36 | 59 | Preferred Stock | DRDIX vs ORDNX | |
| Vanguard PRIMECAP Fund Admiral Shares | 0.24 | 0.56 | 0.70 | 90 | Large Cap Blend Equities | DRDIX vs VPMAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DRDIX
Add DRDIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DRDIX