Looking to diversify beyond GAOAX? The mutual funds below have historically moved differently from GAOAX, 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 GAOAX
2 mutual funds have low correlation with GAOAX (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 0.14, down from 0.62 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 | 0.14 | 0.52 | 0.62 | 70 | Quality Factor, Global Equities | GAOAX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.28 | 0.46 | 0.58 | 79 | Infrastructure Equities, Global Equities | GAOAX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.34 | 0.53 | 0.66 | 66 | Infrastructure Equities, Global Equities | GAOAX vs FGIAX | |
| JPMorgan Income Fund Class I | 0.38 | 0.39 | 0.45 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | GAOAX vs JMSIX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.39 | 0.27 | 0.31 | 90 | Multistrategy, Systematic Trend, Global Equities | GAOAX vs MBXIX |
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