Looking to diversify beyond DSMLX? The mutual funds below have the lowest correlation with DSMLX — 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 DSMLX.
Best Diversifiers for DSMLX
1 mutual funds have low correlation with DSMLX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.01 | -0.02 | 0.00 | 98 | Ultrashort Bond | DSMLX vs TSDOX | |
| ICON Equity Fund | 0.37 | 0.47 | 0.63 | 76 | Large Cap Growth Equities | DSMLX vs IOLZX | |
| Touchstone International Equity Fund | 0.39 | 0.46 | 0.56 | 91 | Foreign Large Cap Equities | DSMLX vs SWRLX | |
| Emerald Insights Fund | 0.44 | 0.80 | 0.85 | 99 | Large Cap Growth Equities | DSMLX vs EFCNX | |
| PrimeCap Odyssey Growth Fund | 0.51 | 0.68 | 0.78 | 93 | Large Cap Growth Equities | DSMLX vs POGRX |
See all 14 diversifiers for DSMLX
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