Looking to diversify beyond DTCPX? The mutual funds below have historically moved differently from DTCPX, 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 DTCPX
5 mutual funds have low correlation with DTCPX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.11 | 0.05 | 0.20 | 84 | Short-Term Bond | DTCPX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.12 | 0.33 | 0.53 | 69 | Short-Term Bond | DTCPX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.14 | 0.07 | 0.46 | 100 | Short-Term Bond | DTCPX vs DFCFX | |
| GuidepathConservative Income Fund | 0.23 | 0.28 | 0.40 | 99 | Short-Term Bond | DTCPX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | 0.26 | 0.25 | 0.42 | 98 | Short-Term Bond | DTCPX vs DFAIX |
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