Looking to diversify beyond TGDVX? The mutual funds below have the lowest correlation with TGDVX — 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 TGDVX.
Best Diversifiers for TGDVX
1 mutual funds have low correlation with TGDVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.17, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.17 | 0.58 | 0.77 | 53 | Large Cap Value Equities | TGDVX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.31 | 0.54 | 0.67 | 53 | Large Cap Value Equities | TGDVX vs LEXCX | |
| TCW Emerging Markets Income Fund | 0.33 | 0.33 | 0.33 | 90 | Emerging Markets Bonds | TGDVX vs TGEIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.46 | 0.53 | 0.66 | 70 | Large Cap Value Equities | TGDVX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.56 | 0.69 | 0.78 | 71 | Large Cap Value Equities | TGDVX vs BUFBX |
See all 34 diversifiers for TGDVX
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