Looking to diversify beyond GAFYX? The mutual funds below have the lowest correlation with GAFYX — 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 GAFYX.
Best Diversifiers for GAFYX
11 mutual funds have low correlation with GAFYX (below 0.3), 1 of which are negatively correlated. The least correlated is Stone Ridge Diversified Alternatives Fund (SRDAX) (Multistrategy) with a 1Y correlation of -0.21, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.21 | -0.14 | -0.10 | 83 | Multistrategy | GAFYX vs SRDAX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.06 | 0.04 | 0.02 | 100 | Multistrategy | GAFYX vs SRRIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.07 | 0.01 | 0.02 | 98 | Multistrategy | GAFYX vs SHRIX | |
| AQR Diversified Arbitrage Fund Class I | 0.10 | 0.20 | 0.36 | 99 | Multistrategy | GAFYX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.10 | 0.19 | 0.35 | 99 | Multistrategy | GAFYX vs ADANX |
See all 31 diversifiers for GAFYX
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