Looking to diversify beyond DSIBX? The mutual funds below have historically moved differently from DSIBX, 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 DSIBX
15 mutual funds have low correlation with DSIBX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of 0.05, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.05 | 0.04 | 0.02 | 85 | Energy Equities | DSIBX vs DNLAX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.30 | 0.39 | 100 | Municipal Bonds | DSIBX vs DFSMX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | 0.15 | 0.14 | 0.11 | 58 | S&P 500 | DSIBX vs DSPIX | |
| BNY Mellon Dynamic Value Fund | 0.16 | 0.11 | 0.06 | 90 | Large Cap Value Equities | DSIBX vs DAGVX | |
| BNY Mellon Dynamic Value Fund Class I | 0.16 | 0.11 | 0.06 | 91 | Large Cap Value Equities | DSIBX vs DRGVX |
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