Looking to diversify beyond DODGX? The mutual funds below have historically moved differently from DODGX, 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 DODGX
21 mutual funds have low correlation with DODGX (below 0.3), 5 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.17, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.17 | -0.01 | 0.17 | 78 | Commodities | DODGX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.13 | 0.01 | 0.18 | 70 | Commodities | DODGX vs PCLIX | |
| AQR Managed Futures Strategy Fund - Class I | -0.06 | -0.05 | -0.11 | 90 | Systematic Trend | DODGX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | -0.05 | -0.05 | -0.11 | 89 | Systematic Trend | DODGX vs AQMNX | |
| MFS Commodity Strategy Fund | -0.00 | 0.06 | 0.19 | 72 | Commodities | DODGX vs MCSFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DODGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.06 | 0.13 | 0.21 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.03 | 0.21 | 0.37 | 68 | Energy | |
| BP p.l.c. | -0.02 | 0.18 | 0.37 | 83 | Energy | |
| Devon Energy Corporation | -0.02 | 0.24 | 0.40 | 78 | Energy | |
| Credo Technology Group Holding Ltd | -0.01 | 0.20 | 0.30 | 77 | Technology |
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