Looking to diversify beyond FGCSX? The mutual funds below have the lowest correlation with FGCSX — 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 FGCSX.
Best Diversifiers for FGCSX
12 mutual funds have low correlation with FGCSX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidePath Absolute Return Allocation Fund (GPARX) (Short-Term Bond) with a 1Y correlation of 0.08, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 0.08 | 0.51 | 0.61 | 72 | Short-Term Bond | FGCSX vs GPARX | |
| GuidepathConservative Income Fund | 0.08 | 0.30 | 0.39 | 99 | Short-Term Bond | FGCSX vs GPICX | |
| Leader Short Term High Yield Bond Fund | 0.12 | 0.14 | 0.20 | 79 | Short-Term Bond | FGCSX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 0.13 | 0.20 | 0.36 | 99 | Short-Term Bond | FGCSX vs DFAIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 0.16 | 0.53 | 0.64 | 99 | Short-Term Bond | FGCSX vs DHEAX |
See all 16 diversifiers for FGCSX
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