Looking to diversify beyond GAOAX? The mutual funds below have the lowest correlation with GAOAX — 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 GAOAX.
Best Diversifiers for GAOAX
0 mutual funds have low correlation with GAOAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.38, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.38 | 0.40 | 0.45 | 81 | Multisector Bonds | GAOAX vs JMSIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.38 | 0.50 | 0.61 | 51 | Global Equities | GAOAX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.60 | 0.70 | 0.76 | 76 | Global Equities | GAOAX vs RTXAX | |
| Polaris Global Value Fund | 0.62 | 0.72 | 0.78 | 92 | Global Equities | GAOAX vs PGVFX | |
| Tweedy, Browne Value Fund | 0.63 | 0.71 | 0.78 | 61 | Global Equities | GAOAX vs TWEBX |
See all 65 diversifiers for GAOAX
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