Looking to diversify beyond DGTSX? The mutual funds below have historically moved differently from DGTSX, 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 DGTSX
4 mutual funds have low correlation with DGTSX (below 0.3), 1 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 -0.21, down from 0.17 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... | -0.21 | 0.01 | 0.17 | 83 | Diversified Portfolio | DGTSX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.46 | 66 | Diversified Portfolio | DGTSX vs MHELX | |
| Hennessy Total Return Fund | 0.22 | 0.49 | 0.58 | 69 | Diversified Portfolio | DGTSX vs HDOGX | |
| Hennessy Balanced Fund | 0.27 | 0.53 | 0.60 | 89 | Diversified Portfolio | DGTSX vs HBFBX | |
| Crawford Multi-Asset Income Fund | 0.31 | 0.54 | 0.65 | 66 | Diversified Portfolio | DGTSX vs CMALX |
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