Looking to diversify beyond DEGGX? The mutual funds below have the lowest correlation with DEGGX — 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 DEGGX.
Best Diversifiers for DEGGX
6 mutual funds have low correlation with DEGGX (below 0.3), 0 of which are negatively correlated. The least correlated is CrossingBridge Responsible Credit Fund (CBRDX) (Multisector Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Responsible Credit Fund | 0.15 | 0.20 | — | 70 | Multisector Bonds | DEGGX vs CBRDX | |
| Nationwide Strategic Income A | 0.16 | 0.31 | 0.28 | 99 | Multisector Bonds | DEGGX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.18 | 0.34 | 0.28 | 99 | Multisector Bonds | DEGGX vs NWXHX | |
| Potomac Managed Volatility Fund | 0.22 | 0.45 | 0.31 | 70 | Multisector Bonds | DEGGX vs CRMVX | |
| Rational Special Situations Income Fund | 0.24 | 0.36 | 0.38 | 97 | Multisector Bonds | DEGGX vs RFXIX |
See all 23 diversifiers for DEGGX
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