Looking to diversify beyond CDGIX? The mutual funds below have the lowest correlation with CDGIX — 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 CDGIX.
Best Diversifiers for CDGIX
3 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 0.11, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.11 | 0.46 | 0.68 | 56 | Large Cap Blend Equities | CDGIX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.12 | 0.47 | 0.68 | 56 | Large Cap Blend Equities | CDGIX vs QIACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.12 | 0.13 | 73 | Large Cap Blend Equities | CDGIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.33 | 0.32 | 0.41 | 72 | Large Cap Blend Equities | CDGIX vs ORDNX | |
| CIT: BlackRock Equity Index Fund Class 1 | 0.49 | 0.48 | 0.48 | 84 | Large Cap Blend Equities | CDGIX vs WBREOX |
See all 37 diversifiers for CDGIX
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