Looking to diversify beyond DSCIX? The mutual funds below have the lowest correlation with DSCIX — 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 DSCIX.
Best Diversifiers for DSCIX
1 mutual funds have low correlation with DSCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.20, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.20 | 0.61 | 0.77 | 66 | Small Cap Growth Equities | DSCIX vs QISGX | |
| Invesco Discovery Fund Class R6 | 0.71 | 0.84 | 0.88 | 78 | Small Cap Growth Equities | DSCIX vs ODIIX | |
| Driehaus Micro Cap Growth Fund | 0.73 | 0.83 | 0.86 | 81 | Small Cap Growth Equities | DSCIX vs DMCRX | |
| Lord Abbett Developing Growth Fund | 0.74 | 0.81 | 0.85 | 68 | Small Cap Growth Equities | DSCIX vs LAGWX | |
| Polen U.S. Small Company Growth Fund | 0.74 | 0.78 | 0.81 | 59 | Small Cap Growth Equities | DSCIX vs PBSIX |
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