Looking to diversify beyond DWAFX? The mutual funds below have the lowest correlation with DWAFX — 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 DWAFX.
Best Diversifiers for DWAFX
1 mutual funds have low correlation with DWAFX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.01 | 0.23 | 0.20 | 83 | Tactical Allocation | DWAFX vs PBAIX | |
| Goldman Sachs TacticalTiltOverlayFund | 0.49 | 0.35 | 0.44 | 66 | Tactical Allocation | DWAFX vs TTIFX | |
| AQR Diversifying Strategies Fund Class N | 0.56 | 0.47 | 0.36 | 88 | Tactical Allocation | DWAFX vs QDSNX | |
| Potomac Defensive Bull Fund | 0.57 | 0.56 | 0.50 | 89 | Tactical Allocation | DWAFX vs CRDBX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 0.59 | 0.55 | 0.54 | 90 | Tactical Allocation | DWAFX vs SIOAX |
See all 25 diversifiers for DWAFX
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