Looking to diversify beyond CGAEX? The mutual funds below have the lowest correlation with CGAEX — 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 CGAEX.
Best Diversifiers for CGAEX
9 mutual funds have low correlation with CGAEX (below 0.3), 0 of which are negatively correlated. The least correlated is Recurrent MLP & Infrastructure Fund (RMLPX) (Energy Equities) with a 1Y correlation of 0.01, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Recurrent MLP & Infrastructure Fund | 0.01 | 0.29 | 0.42 | 83 | Energy Equities | CGAEX vs RMLPX | |
| Fidelity Select Energy Portfolio | 0.02 | 0.25 | 0.36 | 62 | Energy Equities | CGAEX vs FSENX | |
| Calvert Ultra-Short Duration Income Fund | 0.03 | 0.09 | 0.17 | 99 | Ultrashort Bond | CGAEX vs CULAX | |
| Guinness Atkinson Global Energy Fund | 0.05 | 0.27 | 0.37 | 56 | Energy Equities | CGAEX vs GAGEX | |
| NXG Cushing® Midstream Energy Fund | 0.11 | 0.23 | 0.34 | 73 | Energy Equities | CGAEX vs SRV |
See all 34 diversifiers for CGAEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CGAEX
Add CGAEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CGAEX