Looking to diversify beyond CWGIX? The mutual funds below have historically moved differently from CWGIX, 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 CWGIX
2 mutual funds have low correlation with CWGIX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.10, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.10 | 0.49 | 0.64 | 70 | Quality Factor, Global Equities | CWGIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.22 | 0.39 | 0.55 | 74 | Infrastructure Equities, Global Equities | CWGIX vs CSUAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.30 | 0.14 | 0.15 | 81 | Intermediate Core-Plus Bond | CWGIX vs LCTRX | |
| Nuveen Global Infrastructure Fund Class A | 0.30 | 0.47 | 0.63 | 58 | Infrastructure Equities, Global Equities | CWGIX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.43 | 0.37 | 0.39 | 92 | Multistrategy, Systematic Trend, Global Equities | CWGIX vs MBXIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CWGIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.58, roughly unchanged from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.58 | 0.57 | 0.63 | 61 | Technology |
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