Looking to diversify beyond DSMFX? The mutual funds below have historically moved differently from DSMFX, 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 DSMFX
1 mutual funds have low correlation with DSMFX (below 0.3), 0 of which are negatively correlated. The least correlated is Destinations Low Duration Fixed Income Fund (DLDFX) (Short-Term Bond) with a 1Y correlation of 0.27, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Low Duration Fixed Income Fund | 0.27 | 0.22 | 0.21 | 98 | Short-Term Bond | DSMFX vs DLDFX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.41 | 0.36 | 0.35 | 98 | Global Bonds | DSMFX vs DGFFX | |
| Destinations Multi Strategy Alternatives Fund | 0.51 | 0.63 | 0.69 | 67 | Multistrategy | DSMFX vs DMSFX | |
| Victory RS Investors Fund | 0.55 | 0.69 | 0.77 | 75 | Mid Cap Blend Equities | DSMFX vs RSINX | |
| Destinations Equity Income Fund | 0.57 | 0.71 | 0.75 | 89 | Dividend, Large Cap Value Equities | DSMFX vs DGEFX |
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