Looking to diversify beyond DGIFX? The mutual funds below have the lowest correlation with DGIFX — 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 DGIFX.
Best Diversifiers for DGIFX
3 mutual funds have low correlation with DGIFX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.01, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.01 | 0.14 | 0.48 | 67 | Diversified Portfolio | DGIFX vs MHELX | |
| Hennessy Balanced Fund | 0.23 | 0.38 | 0.50 | 65 | Diversified Portfolio | DGIFX vs HBFBX | |
| Federated Hermes Capital Income Fund | 0.28 | 0.50 | 0.66 | 83 | Diversified Portfolio | DGIFX vs CAPAX | |
| PIMCO Inflation Response Multi-Asset Fund | 0.34 | 0.37 | 0.39 | 80 | Diversified Portfolio | DGIFX vs PPRMX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.47 | 0.53 | 82 | Diversified Portfolio | DGIFX vs FCSRX |
See all 280 diversifiers for DGIFX
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