Looking to diversify beyond GDGIX? The mutual funds below have the lowest correlation with GDGIX — 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 GDGIX.
Best Diversifiers for GDGIX
4 mutual funds have low correlation with GDGIX (below 0.3), 0 of which are negatively correlated. The least correlated is SIT Minnesota Tax Free Income Fund (SMTFX) (Municipal Bonds) with a 1Y correlation of 0.24, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SIT Minnesota Tax Free Income Fund | 0.24 | 0.13 | 0.13 | 89 | Municipal Bonds | GDGIX vs SMTFX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.25 | 0.39 | 0.56 | 75 | Global Equities | GDGIX vs CSUAX | |
| Sit Quality Income Fund | 0.25 | 0.17 | 0.14 | 54 | Ultrashort Bond | GDGIX vs SQIFX | |
| SIT Tax Free Income Fund | 0.27 | 0.16 | 0.16 | 91 | Municipal Bonds | GDGIX vs SNTIX | |
| Nuveen Global Infrastructure Fund Class A | 0.32 | 0.47 | 0.64 | 68 | Global Equities | GDGIX vs FGIAX |
See all 38 diversifiers for GDGIX
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Diversification Analysis
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