Looking to diversify beyond DRLIX? The mutual funds below have historically moved differently from DRLIX, 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 DRLIX
3 mutual funds have low correlation with DRLIX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.27 | — | — | 99 | REIT | DRLIX vs QREARX | |
| Redwood Real Estate Income Fund | 0.01 | — | — | 100 | REIT | DRLIX vs CREMX | |
| BNY Mellon Floating Rate Income Fund | 0.24 | 0.23 | 0.27 | 85 | Bank Loan | DRLIX vs DFLYX | |
| BNY Mellon Natural Resources Fund | 0.31 | 0.37 | 0.41 | 85 | Energy Equities | DRLIX vs DLDRX | |
| BNY Mellon Equity Income Fund | 0.39 | 0.52 | 0.61 | 87 | Dividend, Large Cap Value Equities | DRLIX vs DQIRX |
See all 26 diversifiers for DRLIX
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