Looking to diversify beyond DWGAX? The mutual funds below have historically moved differently from DWGAX, 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 DWGAX
2 mutual funds have low correlation with DWGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.17, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.17 | 0.47 | 0.59 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | DWGAX vs GSIYX | |
| The Cook & Bynum Fund | 0.21 | 0.37 | 0.46 | 66 | Emerging Markets Equities | DWGAX vs COBYX | |
| American Funds The Income Fund of America Class A | 0.42 | 0.54 | 0.60 | 81 | Diversified Portfolio, Dividend | DWGAX vs AMECX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.45 | 0.62 | 0.70 | 92 | Emerging Markets Equities | DWGAX vs ESCIX | |
| American Funds Washington Mutual Investors Fund Cl... | 0.47 | 0.53 | 0.58 | 60 | Large Cap Blend Equities | DWGAX vs AWSHX |
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