Looking to diversify beyond GAFYX? The mutual funds below have historically moved differently from GAFYX, 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 GAFYX
15 mutual funds have low correlation with GAFYX (below 0.3), 5 of which are negatively correlated. The least correlated is Stone Ridge Diversified Alternatives Fund (SRDAX) (Multistrategy) with a 1Y correlation of -0.17, roughly unchanged from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.17 | -0.13 | -0.10 | 92 | Multistrategy | GAFYX vs SRDAX | |
| GuideStone Funds Strategic Alternatives Fund | -0.11 | -0.04 | -0.01 | 93 | Multistrategy | GAFYX vs GFSYX | |
| AQR Style Premia Alternative R6 | -0.05 | 0.01 | -0.02 | 90 | Multistrategy | GAFYX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.04 | 0.02 | -0.02 | 90 | Multistrategy | GAFYX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.04 | 0.02 | -0.02 | 89 | Multistrategy | GAFYX vs QSPNX |
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