Looking to diversify beyond DGEFX? The mutual funds below have historically moved differently from DGEFX, 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 DGEFX
1 mutual funds have low correlation with DGEFX (below 0.3), 0 of which are negatively correlated. The least correlated is Destinations Low Duration Fixed Income Fund (DLDFX) (Short-Term Bond) with a 1Y correlation of 0.29, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Low Duration Fixed Income Fund | 0.29 | 0.22 | 0.22 | 98 | Short-Term Bond | DGEFX vs DLDFX | |
| Allspring Emerging Markets Equity Income Fund | 0.30 | 0.39 | 0.48 | 63 | Dividend, Emerging Markets Equities | DGEFX vs EQIIX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.33 | 0.31 | 0.32 | 98 | Global Bonds | DGEFX vs DGFFX | |
| AMG Yacktman Focused Fund | 0.34 | 0.61 | 0.74 | 89 | Large Cap Value Equities | DGEFX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.36 | 0.59 | 0.71 | 93 | Large Cap Value Equities | DGEFX vs LEXCX |
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