Looking to diversify beyond DAGVX? The mutual funds below have the lowest correlation with DAGVX — 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 DAGVX.
Best Diversifiers for DAGVX
10 mutual funds have low correlation with DAGVX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) (Municipal Bonds) with a 1Y correlation of 0.17, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.17 | 0.11 | 0.06 | 81 | Municipal Bonds | DAGVX vs DSIBX | |
| T. Rowe Virginia Tax Free Bond Fund | 0.17 | 0.10 | 0.06 | 93 | Municipal Bonds | DAGVX vs PRVAX | |
| BNY Mellon New Jersey Municipal Bond Fund Class A | 0.17 | 0.11 | 0.06 | 79 | Municipal Bonds | DAGVX vs DRNJX | |
| BNY Mellon Intermediate Municipal Bond Fund | 0.17 | 0.10 | 0.05 | 71 | Municipal Bonds | DAGVX vs DITEX | |
| BNY Mellon New York AMT-Free Municipal Bond Fund | 0.17 | 0.11 | 0.06 | 81 | Municipal Bonds | DAGVX vs PSNYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAGVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAGVX and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of 0.03, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | 0.03 | 0.28 | 0.43 | 64 | Energy | |
| McKesson Corporation | 0.07 | 0.14 | 0.29 | 58 | Healthcare | |
| CrowdStrike Holdings, Inc. | 0.15 | 0.30 | 0.36 | 83 | Technology | |
| NVIDIA Corporation | 0.22 | 0.29 | 0.43 | 70 | Technology | |
| Broadcom Inc. | 0.23 | 0.33 | 0.46 | 72 | Technology |
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Build a portfolio that complements DAGVX
Add DAGVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DAGVX