Looking to diversify beyond GIDGX? The mutual funds below have historically moved differently from GIDGX, 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 GIDGX
2 mutual funds have low correlation with GIDGX (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 0.59 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 | 0.45 | 0.59 | 68 | Quality Factor, Global Equities | GIDGX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.25 | 0.42 | 0.57 | 74 | Infrastructure Equities, Global Equities | GIDGX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.34 | 0.49 | 0.63 | 58 | Infrastructure Equities, Global Equities | GIDGX vs FGIAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.18 | 0.16 | 96 | Large Cap Blend Equities | GIDGX vs SVPFX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.36 | 0.59 | 0.68 | 53 | Foreign Large Cap Equities | GIDGX vs GSINX |
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