Looking to diversify beyond DSMDX? The mutual funds below have the lowest correlation with DSMDX — 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 DSMDX.
Best Diversifiers for DSMDX
0 mutual funds have low correlation with DSMDX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Focused Growth Fund (BFGFX) (Mid Cap Growth Equities) with a 1Y correlation of 0.46, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Focused Growth Fund | 0.46 | 0.66 | 0.74 | 53 | Mid Cap Growth Equities | DSMDX vs BFGFX | |
| Baron Focused Growth Fund Institutional Shares | 0.46 | 0.66 | 0.74 | 54 | Mid Cap Growth Equities | DSMDX vs BFGIX | |
| Driehaus Emerging Markets Small Cap Growth Fund | 0.57 | 0.57 | 0.56 | 74 | Emerging Markets Diversified | DSMDX vs DRESX | |
| Driehaus Emerging Markets Growth Fund | 0.68 | 0.65 | 0.65 | 86 | Emerging Markets Diversified | DSMDX vs DREGX | |
| Vanguard Capital Opportunity Fund Investor Shares | 0.78 | 0.81 | 0.85 | 91 | Mid Cap Growth Equities | DSMDX vs VHCOX |
See all 19 diversifiers for DSMDX
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