Looking to diversify beyond DGFFX? The mutual funds below have historically moved differently from DGFFX, 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 DGFFX
2 mutual funds have low correlation with DGFFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.24 | 0.11 | 0.21 | 100 | Global Bonds | DGFFX vs DFGFX | |
| Destinations Multi Strategy Alternatives Fund | 0.30 | 0.35 | 0.35 | 64 | Multistrategy | DGFFX vs DMSFX | |
| Destinations Equity Income Fund | 0.33 | 0.31 | 0.32 | 88 | Dividend, Large Cap Value Equities | DGFFX vs DGEFX | |
| Destinations Low Duration Fixed Income Fund | 0.34 | 0.42 | 0.47 | 98 | Short-Term Bond | DGFFX vs DLDFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.38 | 0.44 | 0.45 | 75 | Global Bonds | DGFFX vs PRSNX |
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