Looking to diversify beyond DGEIX? The mutual funds below have historically moved differently from DGEIX, 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 DGEIX
21 mutual funds have low correlation with DGEIX (below 0.3), 3 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.09, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.09 | 0.02 | 0.13 | 89 | Municipal Bonds | DGEIX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.04 | 0.06 | 0.16 | 92 | Municipal Bonds | DGEIX vs DMREX | |
| DFA Commodity Strategy Portfolio | -0.03 | 0.11 | 0.20 | 82 | Commodities | DGEIX vs DCMSX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.13 | 0.17 | 92 | Inflation-Protected Bonds | DGEIX vs VTSPX | |
| DFA California Short Term Municipal Bond Portfolio | 0.10 | 0.04 | 0.08 | 99 | Municipal Bonds | DGEIX vs DFCMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DGEIX, 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 AGNC Investment Corp. (AGNCM) (Real Estate) with a 1Y correlation of 0.24, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.24 | 0.18 | 0.27 | 87 | Real Estate | |
| Blackrock Municipal 2030 Target Term Trust | 0.29 | 0.28 | 0.28 | 64 | Financial Services |
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