Looking to diversify beyond DRMBX? The mutual funds below have the lowest correlation with DRMBX — 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 DRMBX.
Best Diversifiers for DRMBX
17 mutual funds have low correlation with DRMBX (below 0.3), 1 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of -0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | -0.03 | 0.01 | -0.02 | 89 | Energy Equities | DRMBX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.12 | 0.10 | 0.11 | 79 | Technology Equities | DRMBX vs DTGRX | |
| BNY Mellon Dynamic Value Fund | 0.14 | 0.10 | 0.05 | 79 | Large Cap Value Equities | DRMBX vs DAGVX | |
| BNY Mellon Smallcap Stock Index Fund | 0.14 | 0.14 | 0.10 | 56 | Small Cap Blend Equities | DRMBX vs DISSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.15 | 0.28 | — | 100 | Municipal Bonds | DRMBX vs DFABX |
See all 25 diversifiers for DRMBX
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