Looking to diversify beyond DGIFX? The mutual funds below have historically moved differently from DGIFX, 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 DGIFX
5 mutual funds have low correlation with DGIFX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.15, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | -0.06 | 0.04 | 83 | Diversified Portfolio | DGIFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.11 | 0.46 | 66 | Diversified Portfolio | DGIFX vs MHELX | |
| Hennessy Total Return Fund | 0.05 | 0.29 | 0.44 | 69 | Diversified Portfolio | DGIFX vs HDOGX | |
| Hennessy Balanced Fund | 0.12 | 0.35 | 0.47 | 89 | Diversified Portfolio | DGIFX vs HBFBX | |
| Crawford Multi-Asset Income Fund | 0.19 | 0.35 | 0.50 | 66 | Diversified Portfolio | DGIFX vs CMALX |
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