Looking to diversify beyond DSIBX? The mutual funds below have the lowest correlation with DSIBX — 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 DSIBX.
Best Diversifiers for DSIBX
16 mutual funds have low correlation with DSIBX (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 0.09, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Technology Growth Fund | 0.09 | 0.08 | 0.08 | 60 | Technology Equities | DSIBX vs DTGRX | |
| BNY Mellon Natural Resources Fund Class A | 0.09 | 0.06 | 0.03 | 60 | Energy Equities | DSIBX vs DNLAX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | 0.13 | 0.13 | 0.10 | 53 | S&P 500 | DSIBX vs DSPIX | |
| BNY Mellon S&P 500 Index Fund | 0.14 | 0.14 | 0.10 | 50 | S&P 500 | DSIBX vs PEOPX | |
| BNY Mellon Dynamic Value Fund | 0.17 | 0.11 | 0.06 | 78 | Large Cap Value Equities | DSIBX vs DAGVX |
See all 27 diversifiers for DSIBX
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