Looking to diversify beyond DODWX? The mutual funds below have historically moved differently from DODWX, 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 DODWX
1 mutual funds have low correlation with DODWX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.30, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.30 | 0.57 | 0.70 | 70 | Quality Factor, Global Equities | DODWX vs GQFPX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.36 | 0.30 | 0.36 | 90 | Multistrategy, Systematic Trend, Global Equities | DODWX vs MBXIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.39 | 0.53 | 0.60 | 79 | Infrastructure Equities, Global Equities | DODWX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.39 | 0.55 | 0.65 | 66 | Infrastructure Equities, Global Equities | DODWX vs FGIAX | |
| Oberweis Global Opportunities Fund | 0.52 | 0.63 | 0.70 | 54 | Global Equities | DODWX vs OBEGX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DODWX
Add DODWX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DODWX