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
11 mutual funds have low correlation with DAGVX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Intermediate Municipal Bond Fund (DITEX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Intermediate Municipal Bond Fund | 0.12 | 0.08 | 0.04 | 68 | Municipal Bonds | DAGVX vs DITEX | |
| T. Rowe Virginia Tax Free Bond Fund | 0.12 | 0.08 | 0.05 | 85 | Municipal Bonds | DAGVX vs PRVAX | |
| BNY Mellon High Yield Municipal Bond Fund | 0.12 | 0.10 | 0.05 | 62 | High Yield Muni | DAGVX vs DHMBX | |
| BNY Mellon Opportunistic Municipal Securities Fund | 0.13 | 0.09 | 0.05 | 72 | Municipal Bonds | DAGVX vs PTEBX | |
| BNY Mellon New Jersey Municipal Bond Fund Class A | 0.13 | 0.09 | 0.05 | 72 | Municipal Bonds | DAGVX vs DRNJX |
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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 Oracle Corporation (ORCL) (Technology) with a 1Y correlation of 0.14, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | 0.14 | 0.33 | 0.43 | 58 | Technology | |
| CrowdStrike Holdings, Inc. | 0.15 | 0.31 | 0.35 | 70 | Technology | |
| NVIDIA Corporation | 0.20 | 0.28 | 0.42 | 78 | Technology | |
| Broadcom Inc. | 0.20 | 0.30 | 0.41 | 84 | Technology | |
| Amazon.com, Inc | 0.29 | 0.29 | 0.37 | 60 | Consumer Cyclical |
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Build a portfolio that complements DAGVX
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