Looking to diversify beyond SDGIX? The mutual funds below have historically moved differently from SDGIX, 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 SDGIX
3 mutual funds have low correlation with SDGIX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund (DLDRX) (Energy Equities) with a 1Y correlation of 0.07, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund | 0.07 | 0.04 | -0.01 | 85 | Energy Equities | SDGIX vs DLDRX | |
| BNY Mellon Floating Rate Income Fund | 0.24 | 0.22 | 0.19 | 85 | Bank Loan | SDGIX vs DFLYX | |
| DFA Two Year Global Fixed Income Portfolio | 0.27 | 0.08 | 0.33 | 100 | Global Bonds | SDGIX vs DFGFX | |
| BNY Mellon Equity Income Fund | 0.31 | 0.20 | 0.13 | 87 | Dividend, Large Cap Value Equities | SDGIX vs DQIRX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.45 | 0.49 | 0.47 | 98 | Global Bonds | SDGIX vs DGFFX |
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