Looking to diversify beyond CGRWX? The mutual funds below have historically moved differently from CGRWX, 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 CGRWX
2 mutual funds have low correlation with CGRWX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.27, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.27 | 0.53 | 0.67 | 62 | Quality Factor, Large Cap Value Equities | CGRWX vs GQHPX | |
| AMG Yacktman Focused Fund | 0.28 | 0.56 | 0.72 | 89 | Large Cap Value Equities | CGRWX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.38 | 0.59 | 0.71 | 93 | Large Cap Value Equities | CGRWX vs LEXCX | |
| Invesco Value Opportunities Fund | 0.47 | 0.66 | 0.79 | 74 | Mid Cap Value Equities | CGRWX vs VVOAX | |
| Invesco Small Cap Value Fund | 0.48 | 0.67 | 0.78 | 76 | Small Cap Value Equities | CGRWX vs VSCAX |
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