Looking to diversify beyond DFGFX? The mutual funds below have the lowest correlation with DFGFX — 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 DFGFX.
Best Diversifiers for DFGFX
21 mutual funds have low correlation with DFGFX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Short-Term Bond Fund (PRWBX) (Short-Term Bond) with a 1Y correlation of 0.06, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Short-Term Bond Fund | 0.06 | 0.06 | 0.33 | 90 | Short-Term Bond | DFGFX vs PRWBX | |
| DFA U.S. Large Cap Value Portfolio | 0.10 | 0.03 | 0.05 | 91 | Large Cap Value Equities | DFGFX vs DFLVX | |
| DFA U.S. Small Cap Value Portfolio I | 0.11 | 0.02 | 0.04 | 61 | Small Cap Value Equities | DFGFX vs DFSVX | |
| DFA U.S. Targeted Value Portfolio | 0.11 | 0.03 | 0.04 | 59 | Small Cap Value Equities | DFGFX vs DFFVX | |
| Eaton Vance Global Bond Fund | 0.11 | 0.05 | 0.23 | 90 | Global Bonds | DFGFX vs EAIIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DFGFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DFGFX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.09 | 0.03 | 0.07 | 88 | Technology | |
| General Electric Company | 0.18 | 0.04 | 0.03 | 80 | Industrials |
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