Looking to diversify beyond DGIEX? The mutual funds below have historically moved differently from DGIEX, 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 DGIEX
3 mutual funds have low correlation with DGIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.11, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.11 | 0.44 | 0.54 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | DGIEX vs GSIYX | |
| The Cook & Bynum Fund | 0.20 | 0.34 | 0.41 | 66 | Emerging Markets Equities | DGIEX vs COBYX | |
| BNY Mellon Natural Resources Fund Class A | 0.29 | 0.41 | 0.45 | 85 | Energy Equities | DGIEX vs DNLAX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.63 | 0.71 | 92 | Emerging Markets Equities | DGIEX vs ESCIX | |
| BNY Mellon Dynamic Value Fund Class I | 0.42 | 0.47 | 0.53 | 88 | Large Cap Value Equities | DGIEX vs DRGVX |
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