Looking to diversify beyond GDV? The mutual funds below have historically moved differently from GDV, 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 GDV
1 mutual funds have low correlation with GDV (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.29, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.29 | 0.43 | 0.57 | 93 | Dividend | GDV vs SVAAX | |
| The Gabelli Convertible and Income Securities Fund... | 0.37 | 0.38 | 0.34 | 81 | Convertible Bonds | GDV vs GCV | |
| American Century Equity Income Fund | 0.47 | 0.62 | 0.73 | 83 | Dividend, Large Cap Value Equities | GDV vs TWEIX | |
| Voya Asia Pacific High Dividend Equity Income Fund | 0.47 | 0.45 | 0.49 | 58 | Derivative Income, Dividend, Asia Pacific Equities | GDV vs IAE | |
| American Century Equity Income Fund Class I | 0.48 | 0.63 | 0.73 | 84 | Dividend, Large Cap Value Equities | GDV vs ACIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GDV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.00, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.00 | 0.27 | 0.37 | 89 | Energy | |
| BlackRock Science and Technology Trust | 0.56 | 0.58 | 0.67 | 80 | Financial Services |
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