Looking to diversify beyond DVMHX? The mutual funds below have the lowest correlation with DVMHX — 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 DVMHX.
Best Diversifiers for DVMHX
14 mutual funds have low correlation with DVMHX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.18 | 0.22 | 94 | Municipal Bonds | DVMHX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.19 | 0.23 | 94 | Municipal Bonds | DVMHX vs DMREX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.15 | 0.11 | 0.12 | 73 | Emerging Markets Diversified | DVMHX vs IPOAX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.25 | 0.34 | 99 | Municipal Bonds | DVMHX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.18 | 0.31 | 0.39 | 99 | Municipal Bonds | DVMHX vs DNYMX |
See all 27 diversifiers for DVMHX
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