Looking to diversify beyond DRGTX? The mutual funds below have historically moved differently from DRGTX, 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 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) (Infrastructure Equities) with a 1Y correlation of -0.18, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | -0.18 | 0.11 | 0.26 | 82 | Infrastructure Equities, MLPs | DRGTX vs GAMPX | |
| Gabelli Global Financial Services Fund | 0.32 | 0.38 | 0.48 | 88 | Financials Equities | DRGTX vs GFSIX | |
| ARK Venture Fund | 0.44 | 0.57 | — | 99 | Technology Equities | DRGTX vs ARKVX | |
| Federated Hermes MDT All Cap Core Fund | 0.45 | 0.56 | 0.72 | 53 | Large Cap Blend Equities | DRGTX vs QIACX | |
| Virtus NFJ Small-Cap Value Fund | 0.45 | 0.46 | 0.59 | 67 | Small Cap Value Equities | DRGTX vs PSVIX |
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