Looking to diversify beyond DUMSX? The mutual funds below have historically moved differently from DUMSX, 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 DUMSX
11 mutual funds have low correlation with DUMSX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.00 | 0.16 | 0.21 | 91 | Municipal Bonds | DUMSX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.17 | 0.22 | 94 | Municipal Bonds | DUMSX vs DMREX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.16 | 0.23 | — | 100 | Municipal Bonds | DUMSX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.19 | 0.30 | 0.38 | 99 | Municipal Bonds | DUMSX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.27 | 0.33 | 100 | Municipal Bonds | DUMSX vs DFSMX |
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