Looking to diversify beyond DRIPX? The mutual funds below have the lowest correlation with DRIPX — 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 DRIPX.
Best Diversifiers for DRIPX
0 mutual funds have low correlation with DRIPX (below 0.3), 0 of which are negatively correlated. The least correlated is Rational Equity Armor Fund (HDCTX) (Large Cap Value Equities) with a 1Y correlation of 0.54, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rational Equity Armor Fund | 0.54 | 0.59 | 0.70 | 56 | Large Cap Value Equities | DRIPX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.59 | 0.66 | 0.75 | 80 | Large Cap Value Equities | DRIPX vs SVAIX | |
| Fidelity Large Cap Stock Fund | 0.68 | 0.75 | 0.83 | 73 | Large Cap Blend Equities | DRIPX vs FLCSX | |
| Smead Value Fund | 0.69 | 0.78 | 0.81 | 62 | Large Cap Value Equities | DRIPX vs SMVLX | |
| Hennessy Cornerstone Value Fund | 0.71 | 0.78 | 0.82 | 81 | Large Cap Value Equities | DRIPX vs HFCVX |
See all 32 diversifiers for DRIPX
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