Looking to diversify beyond DGLRX? The mutual funds below have the lowest correlation with DGLRX — 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 DGLRX.
Best Diversifiers for DGLRX
0 mutual funds have low correlation with DGLRX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.34, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.34 | 0.42 | 0.56 | 52 | Global Equities | DGLRX vs CSUAX | |
| BNY Mellon Floating Rate Income Fund | 0.35 | 0.31 | 0.32 | 81 | Bank Loan | DGLRX vs DFLYX | |
| BNY Mellon Natural Resources Fund | 0.36 | 0.44 | 0.46 | 62 | Energy Equities | DGLRX vs DLDRX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.48 | 0.59 | 0.68 | 80 | Global Equities | DGLRX vs RTXAX | |
| BNY Mellon High Yield Fund | 0.53 | 0.48 | 0.51 | 56 | High Yield Bonds | DGLRX vs DLHRX |
See all 35 diversifiers for DGLRX
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