Looking to diversify beyond DGLRX? The mutual funds below have historically moved differently from DGLRX, 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 DGLRX
3 mutual funds have low correlation with DGLRX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.13, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.13 | 0.46 | 0.57 | 70 | Quality Factor, Global Equities | DGLRX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.25 | 0.39 | 0.54 | 79 | Infrastructure Equities, Global Equities | DGLRX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.28 | 0.44 | 0.60 | 66 | Infrastructure Equities, Global Equities | DGLRX vs FGIAX | |
| BNY Mellon Natural Resources Fund | 0.31 | 0.42 | 0.45 | 85 | Energy Equities | DGLRX vs DLDRX | |
| BNY Mellon Floating Rate Income Fund | 0.33 | 0.31 | 0.32 | 85 | Bank Loan | DGLRX vs DFLYX |
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