Looking to diversify beyond DRRIX? The mutual funds below have the lowest correlation with DRRIX — 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 DRRIX.
Best Diversifiers for DRRIX
10 mutual funds have low correlation with DRRIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.03 | 0.20 | 0.17 | 76 | Tactical Allocation | DRRIX vs PBAIX | |
| BNY Mellon New York AMT-Free Municipal Bond Fund | 0.18 | 0.24 | 0.21 | 60 | Municipal Bonds | DRRIX vs PSNYX | |
| BNY Mellon High Yield Municipal Bond Fund | 0.19 | 0.24 | 0.21 | 55 | High Yield Muni | DRRIX vs DHMBX | |
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.19 | 0.23 | 0.20 | 79 | Municipal Bonds | DRRIX vs DSIBX | |
| BNY Mellon New Jersey Municipal Bond Fund Class A | 0.20 | 0.25 | 0.21 | 65 | Municipal Bonds | DRRIX vs DRNJX |
See all 51 diversifiers for DRRIX
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