Looking to diversify beyond GDGIX? The mutual funds below have historically moved differently from GDGIX, 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 GDGIX
4 mutual funds have low correlation with GDGIX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.12, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.12 | 0.46 | 0.58 | 68 | Quality Factor, Global Equities | GDGIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.22 | 0.39 | 0.56 | 74 | Infrastructure Equities, Global Equities | GDGIX vs CSUAX | |
| SIT Minnesota Tax Free Income Fund | 0.25 | 0.13 | 0.13 | 76 | Municipal Bonds | GDGIX vs SMTFX | |
| SIT Tax Free Income Fund | 0.28 | 0.16 | 0.16 | 87 | Municipal Bonds | GDGIX vs SNTIX | |
| Nuveen Global Infrastructure Fund Class A | 0.31 | 0.47 | 0.63 | 58 | Infrastructure Equities, Global Equities | GDGIX vs FGIAX |
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