Looking to diversify beyond DREVX? The mutual funds below have the lowest correlation with DREVX — 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 DREVX.
Best Diversifiers for DREVX
9 mutual funds have low correlation with DREVX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) (Municipal Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.09 | 0.09 | 0.07 | 78 | Municipal Bonds | DREVX vs DSIBX | |
| BNY Mellon Intermediate Municipal Bond Fund | 0.10 | 0.09 | 0.07 | 68 | Municipal Bonds | DREVX vs DITEX | |
| BNY Mellon High Yield Municipal Bond Fund | 0.11 | 0.09 | 0.09 | 62 | High Yield Muni | DREVX vs DHMBX | |
| BNY MellonCalifornia AMT-Free Municipal Bond Fund | 0.11 | 0.09 | 0.08 | 60 | Municipal Bonds | DREVX vs DRCAX | |
| BNY Mellon Opportunistic Municipal Securities Fund | 0.11 | 0.09 | 0.08 | 72 | Municipal Bonds | DREVX vs PTEBX |
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