Looking to diversify beyond DSMFX? The mutual funds below have the lowest correlation with DSMFX — 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 DSMFX.
Best Diversifiers for DSMFX
0 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 0.30, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Low Duration Fixed Income Fund | 0.30 | 0.22 | 0.21 | 95 | Short-Term Bond | DSMFX vs DLDFX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.38 | 0.34 | 0.35 | 76 | Global Bonds | DSMFX vs DGFFX | |
| Destinations Equity Income Fund | 0.65 | 0.74 | 0.77 | 59 | Large Cap Value Equities | DSMFX vs DGEFX | |
| Quantified Common Ground Fund | 0.66 | 0.78 | 0.79 | 56 | Mid Cap Blend Equities | DSMFX vs QCGDX | |
| Victory Trivalent International Small-Cap Fund Cla... | 0.67 | 0.70 | 0.74 | 53 | Mid Cap Blend Equities, Foreign Small & Mid Cap Equities | DSMFX vs MISIX |
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