Looking to diversify beyond DRMCX? The mutual funds below have historically moved differently from DRMCX, 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 DRMCX
0 mutual funds have low correlation with DRMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus International Small-Cap Fund (ALOIX) (Foreign Small & Mid Cap Equities) with a 1Y correlation of 0.54, roughly unchanged from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus International Small-Cap Fund | 0.54 | 0.52 | 0.61 | 89 | Foreign Small & Mid Cap Equities | DRMCX vs ALOIX | |
| Virtus Short Duration High Income Fund | 0.55 | 0.49 | 0.52 | 79 | High Yield Bonds | DRMCX vs ASHIX | |
| Virtus Emerging Markets Opportunities Fund | 0.55 | 0.47 | 0.53 | 80 | Emerging Markets Equities | DRMCX vs AOTIX | |
| Virtus NFJ International Value Fund | 0.64 | 0.55 | 0.61 | 69 | Foreign Large Cap Equities | DRMCX vs ANJIX | |
| Virtus NFJ Small-Cap Value Fund | 0.69 | 0.67 | 0.74 | 67 | Small Cap Value Equities | DRMCX vs PSVIX |
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