Looking to diversify beyond DSCVX? The mutual funds below have the lowest correlation with DSCVX — 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 DSCVX.
Best Diversifiers for DSCVX
0 mutual funds have low correlation with DSCVX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Technology Growth Fund (DTGRX) (Technology Equities) with a 1Y correlation of 0.40, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Technology Growth Fund | 0.40 | 0.57 | 0.67 | 79 | Technology Equities | DSCVX vs DTGRX | |
| BNY Mellon Global Real Return Fund - Class I | 0.47 | 0.58 | 0.54 | 79 | Tactical Allocation | DSCVX vs DRRIX | |
| BNY Mellon Natural Resources Fund Class A | 0.49 | 0.64 | 0.65 | 89 | Energy Equities | DSCVX vs DNLAX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | 0.54 | 0.69 | 0.76 | 73 | S&P 500 | DSCVX vs DSPIX | |
| BNY Mellon S&P 500 Index Fund | 0.54 | 0.68 | 0.77 | 71 | S&P 500 | DSCVX vs PEOPX |
See all 35 diversifiers for DSCVX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DSCVX
Add DSCVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DSCVX