Looking to diversify beyond CDGRX? The mutual funds below have historically moved differently from CDGRX, 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 CDGRX
2 mutual funds have low correlation with CDGRX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.14, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.14 | -0.01 | 0.11 | 83 | Diversified Portfolio | CDGRX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.12 | 0.50 | 66 | Diversified Portfolio | CDGRX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.50 | 0.58 | 89 | Diversified Portfolio | CDGRX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.50 | 0.58 | 91 | Diversified Portfolio | CDGRX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.34 | 0.50 | 0.58 | 91 | Diversified Portfolio | CDGRX vs FSRKX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CDGRX, 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 Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.33, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.33 | 0.49 | 0.57 | 71 | Real Estate |
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