Looking to diversify beyond DODGX? The mutual funds below have the lowest correlation with DODGX — 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 DODGX.
Best Diversifiers for DODGX
10 mutual funds have low correlation with DODGX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund (AQMIX) (Systematic Trend) with a 1Y correlation of -0.01, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund | -0.01 | -0.05 | -0.08 | 92 | Systematic Trend | DODGX vs AQMIX | |
| AQR Managed Futures Strategy Fund Class N | -0.00 | -0.04 | -0.08 | 92 | Systematic Trend | DODGX vs AQMNX | |
| Cliffwater Corporate Lending Fund | 0.04 | 0.11 | 0.09 | 100 | High Yield Bonds | DODGX vs CCLFX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.09 | 0.13 | 84 | Inflation-Protected Bonds | DODGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.19 | 0.30 | 0.34 | 92 | Bank Loan | DODGX vs FFRHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DODGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DODGX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.20 | 0.29 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.00 | 0.22 | 0.37 | 72 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.00 | 0.16 | 0.23 | 75 | Energy | |
| BP p.l.c. | 0.02 | 0.20 | 0.36 | 77 | Energy | |
| Energy Transfer LP | 0.02 | 0.30 | 0.42 | 72 | Energy |
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