Looking to diversify beyond DSMDX? The mutual funds below have historically moved differently from DSMDX, 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 DSMDX
0 mutual funds have low correlation with DSMDX (below 0.3), 0 of which are negatively correlated. The least correlated is Driehaus Emerging Markets Growth Fund (DREGX) (Emerging Markets Equities) with a 1Y correlation of 0.73, roughly unchanged from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Driehaus Emerging Markets Growth Fund | 0.73 | 0.66 | 0.66 | 58 | Emerging Markets Equities | DSMDX vs DREGX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.81 | 0.82 | 0.87 | 76 | Mid Cap Growth Equities | DSMDX vs MGOYX | |
| Vanguard Capital Opportunity Fund Investor Shares | 0.83 | 0.82 | 0.85 | 84 | Mid Cap Growth Equities | DSMDX vs VHCOX | |
| PRIMECAP Odyssey Aggressive Growth Fund | 0.85 | 0.85 | 0.87 | 78 | Mid Cap Growth Equities | DSMDX vs POAGX | |
| State Street Small/Mid Cap Equity Index Portfolio | 0.86 | 0.86 | 0.88 | 50 | Mid Cap Growth Equities | DSMDX vs SSMHX |
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