Looking to diversify beyond DSM? The mutual funds below have historically moved differently from DSM, 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 DSM
35 mutual funds have low correlation with DSM (below 0.3), 0 of which are negatively correlated. The least correlated is Hennessy Cornerstone Growth Fund (HFCGX) (Small Cap Blend Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hennessy Cornerstone Growth Fund | 0.17 | 0.20 | 0.19 | 53 | Small Cap Blend Equities | DSM vs HFCGX | |
| Harbor Small Cap Value Fund | 0.20 | 0.22 | 0.23 | 81 | Small Cap Blend Equities | DSM vs HASCX | |
| Brown Advisory Small-Cap Fundamental Value Fund | 0.21 | 0.24 | 0.24 | 81 | Small Cap Blend Equities | DSM vs BIAUX | |
| Tributary Small Company Fund | 0.21 | 0.25 | 0.24 | 63 | Small Cap Blend Equities | DSM vs FOSCX | |
| FullerThaler Behavioral Small-Cap Equity Fund Clas... | 0.22 | 0.25 | 0.24 | 78 | Small Cap Blend Equities | DSM vs FTHSX |
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