Looking to diversify beyond CGIAX? The mutual funds below have historically moved differently from CGIAX, 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 CGIAX
1 mutual funds have low correlation with CGIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.23, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.23 | 0.39 | 0.52 | 94 | Large Cap Value Equities | CGIAX vs SVAIX | |
| Federated Hermes International Strategic Value Div... | 0.45 | 0.57 | 0.69 | 88 | Foreign Large Cap Equities | CGIAX vs IVFIX | |
| PGIM Global Real Estate Fund | 0.49 | 0.56 | 0.63 | 62 | REIT | CGIAX vs PURZX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.49 | 0.71 | 0.80 | 61 | Foreign Large Cap Equities | CGIAX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.50 | 0.71 | 0.80 | 61 | Foreign Large Cap Equities | CGIAX vs GSINX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CGIAX
Add CGIAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CGIAX