Looking to diversify beyond DGFAX? The mutual funds below have historically moved differently from DGFAX, 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 DGFAX
4 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 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Davis Government Bond Fund | 0.07 | 0.05 | 0.06 | 88 | Government Bonds | DGFAX vs RFBAX | |
| GQG Partners Global Quality Dividend Income Fund | 0.10 | 0.43 | 0.53 | 70 | Quality Factor, Global Equities | DGFAX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.18 | 0.36 | 0.45 | 79 | Infrastructure Equities, Global Equities | DGFAX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.20 | 0.39 | 0.50 | 66 | Infrastructure Equities, Global Equities | DGFAX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.34 | 0.30 | 0.31 | 90 | Multistrategy, Systematic Trend, Global Equities | DGFAX vs MBXIX |
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