Looking to diversify beyond AGD? The mutual funds below have historically moved differently from AGD, 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 AGD
2 mutual funds have low correlation with AGD (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.04, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.04 | 0.25 | 0.31 | 58 | Energy Equities | AGD vs SRV | |
| Nuveen Municipal Value Fund Inc. | 0.16 | 0.23 | 0.27 | 79 | Municipal Bonds | AGD vs NUV | |
| Virtus Diversified Income & Convertible Fund | 0.36 | 0.47 | 0.52 | 64 | Diversified Portfolio, Convertible Bonds | AGD vs ACV | |
| Janus Henderson Global Equity Income Fund Class T | 0.38 | 0.52 | 0.62 | 86 | Global Equity Income | AGD vs HFQTX | |
| Janus Henderson International Dividend Fund Class ... | 0.46 | 0.58 | 0.67 | 74 | Global Equity Income | AGD vs HDQVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AGD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of 0.01, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MPLX LP | 0.01 | 0.21 | 0.31 | 79 | Energy | |
| Abrdn Total Dynamic Dividend Fund | 0.60 | 0.71 | 0.77 | 88 | Financial Services |
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