Looking to diversify beyond CDGIX? The mutual funds below have historically moved differently from CDGIX, 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 CDGIX
2 mutual funds have low correlation with CDGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) (Large Cap Blend Equities) with a 1Y correlation of 0.20, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.20 | 0.44 | 0.66 | 50 | Large Cap Blend Equities | CDGIX vs QKACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.13 | 0.13 | 96 | Large Cap Blend Equities | CDGIX vs SVPFX | |
| PRIMECAP Odyssey Growth Fund | 0.34 | 0.57 | 0.70 | 88 | Large Cap Blend Equities | CDGIX vs POGRX | |
| North Square Preferred and Income Securities Fund | 0.35 | 0.33 | 0.38 | 54 | Preferred Stock | CDGIX vs ORDNX | |
| Archer Multi Cap Fund | 0.36 | 0.60 | 0.72 | 67 | Large Cap Blend Equities | CDGIX vs ALSMX |
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