Looking to diversify beyond CGO? The mutual funds below have historically moved differently from CGO, 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 CGO
8 mutual funds have low correlation with CGO (below 0.3), 0 of which are negatively correlated. The least correlated is Wilmington Real Asset Fund (WMRIX) (Global Allocation) with a 1Y correlation of 0.16, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wilmington Real Asset Fund | 0.16 | 0.31 | 0.38 | 90 | Global Allocation | CGO vs WMRIX | |
| LoCorr Macro Strategies Fund Class I | 0.19 | 0.08 | -0.01 | 79 | Global Allocation | CGO vs LFMIX | |
| Hartford Real Asset Fund | 0.24 | 0.31 | 0.41 | 97 | Global Allocation | CGO vs HRLYX | |
| Lazard Real Assets Portfolio | 0.27 | 0.34 | 0.42 | 90 | Global Allocation | CGO vs RALIX | |
| DWS RREEF Real Assets C | 0.29 | 0.38 | 0.46 | 69 | Global Allocation | CGO vs AAAPX |
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