Looking to diversify beyond DAGVX? The mutual funds below have historically moved differently from DAGVX, 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 DAGVX
12 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 0.16, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.16 | 0.11 | 0.06 | 65 | Municipal Bonds | DAGVX vs DSIBX | |
| GQG Partners US Quality Dividend Income Fund | 0.17 | 0.54 | 0.69 | 58 | Quality Factor, Large Cap Value Equities | DAGVX vs GQHPX | |
| BNY Mellon New York AMT-Free Municipal Bond Fund | 0.20 | 0.12 | 0.06 | 73 | Municipal Bonds | DAGVX vs PSNYX | |
| BNY Mellon Intermediate Municipal Bond Fund | 0.20 | 0.10 | 0.05 | 58 | Municipal Bonds | DAGVX vs DITEX | |
| BNY Mellon Opportunistic Municipal Securities Fund | 0.21 | 0.11 | 0.07 | 81 | Municipal Bonds | DAGVX vs PTEBX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DAGVX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.03, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.03 | 0.25 | 0.41 | 68 | Energy | |
| McKesson Corporation | 0.08 | 0.15 | 0.29 | 62 | Healthcare | |
| CrowdStrike Holdings, Inc. | 0.17 | 0.31 | 0.36 | 83 | Technology | |
| NVIDIA Corporation | 0.24 | 0.29 | 0.43 | 61 | Technology | |
| Broadcom Inc. | 0.24 | 0.33 | 0.45 | 68 | Technology |
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