Looking to diversify beyond DGEIX? The mutual funds below have the lowest correlation with DGEIX — 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 DGEIX.
Best Diversifiers for DGEIX
18 mutual funds have low correlation with DGEIX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.11, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.11 | 0.02 | 0.14 | 94 | Municipal Bonds | DGEIX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.05 | 0.06 | 0.17 | 94 | Municipal Bonds | DGEIX vs DMREX | |
| DFA California Short Term Municipal Bond Portfolio | 0.03 | 0.02 | 0.07 | 99 | Municipal Bonds | DGEIX vs DFCMX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.13 | 0.17 | 85 | Inflation-Protected Bonds | DGEIX vs VTSPX | |
| DFA Two-Year Fixed Income Portfolio | 0.08 | 0.06 | 0.07 | 65 | Short-Term Bond | DGEIX vs DFCFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGEIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGEIX and solid risk/return profiles. 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.24 | 0.18 | 0.27 | 82 | Real Estate | |
| Blackrock Municipal 2030 Target Term Trust | 0.27 | 0.29 | 0.28 | 81 | Financial Services |
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