Looking to diversify beyond DREQX? The mutual funds below have historically moved differently from DREQX, 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 DREQX
0 mutual funds have low correlation with DREQX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) (Large Cap Blend Equities) with a 1Y correlation of 0.62, down from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. | 0.62 | 0.64 | 0.74 | 77 | Large Cap Blend Equities, Dividend | DREQX vs PRDGX | |
| Davis New York Venture Fund Class Y | 0.66 | 0.70 | 0.77 | 90 | Large Cap Growth Equities | DREQX vs DNVYX | |
| ICON Equity Fund | 0.66 | 0.61 | 0.71 | 80 | Large Cap Growth Equities | DREQX vs IOLZX | |
| PRIMECAP Odyssey Growth Fund | 0.78 | 0.79 | 0.86 | 89 | Large Cap Blend Equities | DREQX vs POGRX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.78 | 0.80 | 0.86 | 90 | Large Cap Growth Equities | DREQX vs VPMCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DREQX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.06, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.06 | 0.16 | 0.35 | 61 | Financial Services |
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