Looking to diversify beyond CGAEX? The mutual funds below have historically moved differently from CGAEX, 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 CGAEX
15 mutual funds have low correlation with CGAEX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | -0.04 | 0.20 | 0.32 | 72 | Energy Equities | CGAEX vs VENAX | |
| Recurrent MLP & Infrastructure Fund | 0.00 | 0.28 | 0.41 | 92 | Infrastructure Equities, Energy Equities | CGAEX vs RMLPX | |
| Invesco SteelPath MLP Alpha Fund | 0.01 | 0.27 | 0.41 | 81 | Energy Equities | CGAEX vs MLPOX | |
| Invesco Energy Fund | 0.01 | 0.23 | 0.34 | 73 | Energy Equities | CGAEX vs FSTEX | |
| Fidelity Select Energy Portfolio | 0.01 | 0.24 | 0.35 | 87 | Energy Equities | CGAEX vs FSENX |
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