Looking to diversify beyond DGAGX? The mutual funds below have historically moved differently from DGAGX, 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 DGAGX
0 mutual funds have low correlation with DGAGX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) (Mid Cap Value Equities) with a 1Y correlation of 0.47, down from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.47 | 0.61 | 0.71 | 89 | Mid Cap Value Equities | DGAGX vs VMVAX | |
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.66 | 0.72 | 80 | Semiconductors, Technology Equities | DGAGX vs FSELX | |
| American Growth Fund Series One | 0.62 | 0.76 | 0.82 | 56 | Large Cap Growth Equities | DGAGX vs AMRGX | |
| ICON Equity Fund | 0.62 | 0.67 | 0.75 | 80 | Large Cap Growth Equities | DGAGX vs IOLZX | |
| PRIMECAP Odyssey Growth Fund | 0.66 | 0.77 | 0.84 | 89 | Large Cap Blend Equities | DGAGX vs POGRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DGAGX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.11, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.11 | 0.35 | 0.50 | 61 | Financial Services |
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