Looking to diversify beyond DSPIX? The mutual funds below have the lowest correlation with DSPIX — 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 DSPIX.
Best Diversifiers for DSPIX
8 mutual funds have low correlation with DSPIX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) (Municipal Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.13 | 0.13 | 0.10 | 77 | Municipal Bonds | DSPIX vs DSIBX | |
| BNY Mellon New Jersey Municipal Bond Fund Class A | 0.17 | 0.14 | 0.11 | 73 | Municipal Bonds | DSPIX vs DRNJX | |
| BNY Mellon High Yield Municipal Bond Fund | 0.17 | 0.13 | 0.12 | 68 | High Yield Muni | DSPIX vs DHMBX | |
| BNY Mellon Opportunistic Municipal Securities Fund | 0.18 | 0.14 | 0.12 | 75 | Municipal Bonds | DSPIX vs PTEBX | |
| BNY Mellon Intermediate Municipal Bond Fund | 0.18 | 0.13 | 0.10 | 68 | Municipal Bonds | DSPIX vs DITEX |
See all 48 diversifiers for DSPIX
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