Looking to diversify beyond GARIX? The mutual funds below have historically moved differently from GARIX, 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 GARIX
4 mutual funds have low correlation with GARIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.08, down from 0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.08 | 0.11 | — | 54 | Long-Short | GARIX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 0.14 | 0.36 | 0.35 | 96 | Long-Short | GARIX vs KCEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.17 | 0.14 | 0.15 | 97 | Long-Short | GARIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.18 | 0.15 | 0.15 | 97 | Long-Short | GARIX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 0.32 | 0.33 | 0.39 | 83 | Long-Short | GARIX vs SAOAX |
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