Looking to diversify beyond DRGTX? The mutual funds below have the lowest correlation with DRGTX — 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 DRGTX.
Best Diversifiers for DRGTX
1 mutual funds have low correlation with DRGTX (below 0.3), 1 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (MLPs) with a 1Y correlation of -0.18, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | -0.18 | 0.12 | 0.27 | 76 | MLPs | DRGTX vs GAMPX | |
| Gabelli Global Financial Services Fund | 0.32 | 0.39 | 0.49 | 68 | Financials Equities | DRGTX vs GFSIX | |
| ARK Venture Fund | 0.41 | 0.57 | — | 99 | Technology Equities | DRGTX vs ARKVX | |
| JPMorgan International Value Fund | 0.43 | 0.43 | 0.51 | 80 | Foreign Large Cap Equities | DRGTX vs JNUSX | |
| Virtus NFJ Dividend Value Fund | 0.46 | 0.42 | 0.57 | 84 | Large Cap Value Equities | DRGTX vs NFJEX |
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