Looking to diversify beyond DVRIX? The mutual funds below have historically moved differently from DVRIX, 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 DVRIX
10 mutual funds have low correlation with DVRIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Multistrategy) with a 1Y correlation of -0.12, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | -0.12 | 0.20 | 0.17 | 82 | Multistrategy | DVRIX vs PCBAX | |
| Symmetry Panoramic Alternatives Fund | 0.04 | 0.10 | -0.02 | 98 | Multistrategy | DVRIX vs SPATX | |
| Pioneer ILS Interval Fund | 0.04 | 0.01 | -0.02 | 100 | High Yield Bonds | DVRIX vs XILSX | |
| AQR Managed Futures Strategy Fund - Class I | 0.08 | 0.13 | -0.06 | 90 | Systematic Trend | DVRIX vs AQMIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.12 | 0.10 | 0.09 | 100 | Bank Loan, High Yield Bonds | DVRIX vs CCLFX |
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