Looking to diversify beyond DTGRX? The mutual funds below have historically moved differently from DTGRX, 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 DTGRX
9 mutual funds have low correlation with DTGRX (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 0.12, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.12 | 0.08 | 0.09 | 72 | Municipal Bonds | DTGRX vs DSIBX | |
| BNY Mellon High Yield Municipal Bond Fund | 0.13 | 0.09 | 0.11 | 89 | High Yield Muni | DTGRX vs DHMBX | |
| BNY Mellon New Jersey Municipal Bond Fund Class A | 0.15 | 0.09 | 0.11 | 74 | Municipal Bonds | DTGRX vs DRNJX | |
| BNY MellonCalifornia AMT-Free Municipal Bond Fund | 0.16 | 0.10 | 0.11 | 75 | Municipal Bonds | DTGRX vs DRCAX | |
| BNY Mellon Opportunistic Municipal Securities Fund | 0.16 | 0.09 | 0.12 | 87 | Municipal Bonds | DTGRX vs PTEBX |
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