Looking to diversify beyond DRDIX? The mutual funds below have the lowest correlation with DRDIX — 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 DRDIX.
Best Diversifiers for DRDIX
2 mutual funds have low correlation with DRDIX (below 0.3), 0 of which are negatively correlated. The least correlated is North Square Preferred and Income Securities Fund (ORDNX) (Large Cap Blend Equities) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| North Square Preferred and Income Securities Fund | 0.25 | 0.29 | 0.37 | 69 | Large Cap Blend Equities | DRDIX vs ORDNX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.15 | 0.15 | 72 | Large Cap Blend Equities | DRDIX vs SVPFX | |
| Vanguard PRIMECAP Fund Admiral Shares | 0.38 | 0.62 | 0.73 | 94 | Large Cap Blend Equities | DRDIX vs VPMAX | |
| Permanent Portfolio Aggressive Growth Portfolio | 0.39 | 0.55 | 0.67 | 65 | Large Cap Blend Equities | DRDIX vs PAGRX | |
| CIT: BlackRock Equity Index Fund Class 1 | 0.40 | — | — | 78 | Large Cap Blend Equities | DRDIX vs WBREOX |
See all 38 diversifiers for DRDIX
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