Looking to diversify beyond DGSCX? The mutual funds below have historically moved differently from DGSCX, 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 DGSCX
2 mutual funds have low correlation with DGSCX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) (Multistrategy) with a 1Y correlation of 0.28, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.28 | 0.24 | 0.32 | 92 | Multistrategy, Systematic Trend, Global Equities | DGSCX vs MBXIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.30 | 0.51 | 0.60 | 68 | Quality Factor, Global Equities | DGSCX vs GQFPX | |
| Virtus Convertible Fund | 0.35 | 0.56 | 0.69 | 73 | Convertible Bonds | DGSCX vs ANNPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.39 | 0.49 | 0.58 | 74 | Infrastructure Equities, Global Equities | DGSCX vs CSUAX | |
| American Funds The New Economy Fund Class R-3 | 0.40 | 0.54 | 0.69 | 65 | Global Equities | DGSCX vs RNGCX |
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