Looking to diversify beyond CGIAX? The mutual funds below have the lowest correlation with CGIAX — 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 CGIAX.
Best Diversifiers for CGIAX
0 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 0.32, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.32 | 0.42 | 0.54 | 78 | Large Cap Value Equities | CGIAX vs SVAIX | |
| BNY Mellon Natural Resources Fund | 0.55 | 0.57 | 0.60 | 59 | Energy Equities | CGIAX vs DLDRX | |
| Principal Spectrum Preferred and Capital Securitie... | 0.59 | 0.48 | 0.48 | 62 | Preferred Stock/Convertible Bonds | CGIAX vs PPSIX | |
| Columbia Dividend Income Fund | 0.62 | 0.61 | 0.68 | 79 | Large Cap Value Equities | CGIAX vs GSFTX | |
| Goldman Sachs Small Cap Value Insights Fund | 0.66 | 0.63 | 0.68 | 85 | Small Cap Value Equities | CGIAX vs GSITX |
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