Looking to diversify beyond UGOFX? The mutual funds below have historically moved differently from UGOFX, 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 UGOFX
2 mutual funds have low correlation with UGOFX (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 0.19, down from 0.64 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 | 0.19 | 0.52 | 0.64 | 70 | Quality Factor, Global Equities | UGOFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.29 | 0.43 | 0.58 | 79 | Infrastructure Equities, Global Equities | UGOFX vs CSUAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.39 | 0.35 | 0.38 | 90 | Multistrategy, Systematic Trend, Global Equities | UGOFX vs MBXIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.41 | 0.23 | 0.16 | 97 | Equity Market Neutral | UGOFX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.46 | 0.36 | 0.15 | 66 | Systematic Trend | UGOFX vs ASFYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UGOFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | 0.33 | — | — | 92 | Communication Services | |
| Equinox Gold Corp. | 0.35 | 0.26 | 0.30 | 66 | Basic Materials | |
| Seabridge Gold Inc. | 0.41 | 0.33 | 0.33 | 74 | Basic Materials | |
| Sumitomo Mitsui Financial Group, Inc. | 0.53 | 0.44 | 0.46 | 94 | Financial Services |
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