Looking to diversify beyond DGEFX? The mutual funds below have the lowest correlation with DGEFX — 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 DGEFX.
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 0.27, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Low Duration Fixed Income Fund | 0.27 | 0.22 | 0.21 | 95 | Short-Term Bond | DGEFX vs DLDFX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.33 | 0.31 | 0.32 | 98 | Global Bonds | DGEFX vs DGFFX | |
| Rational Equity Armor Fund | 0.45 | 0.52 | 0.65 | 55 | Large Cap Value Equities | DGEFX vs HDCTX | |
| Fidelity Large Cap Stock Fund | 0.59 | 0.70 | 0.80 | 76 | Large Cap Blend Equities | DGEFX vs FLCSX | |
| BNY Mellon Equity Income Fund | 0.63 | 0.72 | 0.81 | 89 | Large Cap Value Equities | DGEFX vs DQIRX |
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