Looking to diversify beyond KDHAX? The mutual funds below have historically moved differently from KDHAX, 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 KDHAX
10 mutual funds have low correlation with KDHAX (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Emerging Markets Equity Fund (SEMGX) (Emerging Markets Equities) with a 1Y correlation of 0.12, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Emerging Markets Equity Fund | 0.12 | 0.27 | 0.35 | 54 | Emerging Markets Equities | KDHAX vs SEMGX | |
| Rational Equity Armor Fund | 0.16 | 0.32 | 0.49 | 61 | Large Cap Value Equities | KDHAX vs HDCTX | |
| The Central and Eastern Europe Fund | 0.18 | 0.24 | 0.22 | 52 | Europe Equities | KDHAX vs CEE | |
| DWS New York Tax | 0.20 | 0.15 | 0.08 | 57 | Municipal Bonds | KDHAX vs KNTAX | |
| DWS California Tax | 0.22 | 0.13 | 0.08 | 59 | Municipal Bonds | KDHAX vs KCTAX |
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