Looking to diversify beyond SDGIX? The mutual funds below have the lowest correlation with SDGIX — 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 SDGIX.
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 0.06, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund | 0.06 | 0.04 | -0.02 | 89 | Energy Equities | SDGIX vs DLDRX | |
| BNY Mellon Floating Rate Income Fund | 0.18 | 0.20 | 0.18 | 82 | Bank Loan | SDGIX vs DFLYX | |
| BNY Mellon Equity Income Fund | 0.26 | 0.18 | 0.11 | 92 | Large Cap Value Equities | SDGIX vs DQIRX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.38 | 0.47 | 0.45 | 76 | Global Bonds | SDGIX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.49 | 0.70 | 0.60 | 91 | Global Bonds | SDGIX vs EAIIX |
See all 11 diversifiers for SDGIX
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