Looking to diversify beyond DTRIX? The mutual funds below have historically moved differently from DTRIX, 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 DTRIX
7 mutual funds have low correlation with DTRIX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidePath Absolute Return Allocation Fund (GPARX) (Short-Term Bond) with a 1Y correlation of 0.14, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 0.14 | 0.48 | 0.57 | 69 | Short-Term Bond | DTRIX vs GPARX | |
| GuidepathConservative Income Fund | 0.20 | 0.27 | 0.39 | 99 | Short-Term Bond | DTRIX vs GPICX | |
| Delaware Growth and Income Fund | 0.20 | 0.11 | 0.09 | 98 | Large Cap Value Equities | DTRIX vs FGINX | |
| Delaware Emerging Markets Fund | 0.21 | 0.08 | 0.08 | 91 | Emerging Markets Equities | DTRIX vs DEMIX | |
| Leader Short Term High Yield Bond Fund | 0.22 | 0.19 | 0.22 | 84 | Short-Term Bond | DTRIX vs LCCMX |
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