Looking to diversify beyond GAPAX? The mutual funds below have historically moved differently from GAPAX, 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 GAPAX
2 mutual funds have low correlation with GAPAX (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 0.12, 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 | 0.12 | 0.49 | 0.62 | 70 | Quality Factor, Global Equities | GAPAX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.24 | 0.43 | 0.58 | 79 | Infrastructure Equities, Global Equities | GAPAX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.33 | 0.50 | 0.65 | 66 | Infrastructure Equities, Global Equities | GAPAX vs FGIAX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.37 | 0.64 | 0.73 | 61 | Foreign Large Cap Equities | GAPAX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.38 | 0.64 | 0.73 | 61 | Foreign Large Cap Equities | GAPAX vs GSIMX |
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