Looking to diversify beyond DWGAX? The mutual funds below have the lowest correlation with DWGAX — 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 DWGAX.
Best Diversifiers for DWGAX
0 mutual funds have low correlation with DWGAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.50, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.50 | 0.59 | 0.62 | 53 | Diversified Portfolio, Dividend | DWGAX vs AMECX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.54 | 0.66 | 0.71 | 86 | Emerging Markets Diversified | DWGAX vs ESCIX | |
| American Funds Investment Company of America Class... | 0.60 | 0.62 | 0.64 | 55 | Large Cap Blend Equities | DWGAX vs AIVSX | |
| American Funds American Balanced Fund Class A | 0.64 | 0.64 | 0.65 | 85 | Diversified Portfolio | DWGAX vs ABALX | |
| American Funds Fundamental Investors Class A | 0.66 | 0.67 | 0.69 | 75 | Large Cap Blend Equities | DWGAX vs ANCFX |
See all 30 diversifiers for DWGAX
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