Looking to diversify beyond DGFAX? The mutual funds below have the lowest correlation with DGFAX — 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 DGFAX.
Best Diversifiers for DGFAX
3 mutual funds have low correlation with DGFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Davis Government Bond Fund (RFBAX) (Government Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Davis Government Bond Fund | 0.07 | 0.07 | 0.05 | 83 | Government Bonds | DGFAX vs RFBAX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.23 | 0.38 | 0.45 | 75 | Global Equities | DGFAX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.24 | 0.40 | 0.50 | 69 | Global Equities | DGFAX vs FGIAX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.44 | 0.49 | 0.57 | 67 | Global Equities | DGFAX vs VMNVX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.44 | 0.49 | 0.57 | 66 | Global Equities | DGFAX vs VMVFX |
See all 34 diversifiers for DGFAX
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