Looking to diversify beyond GARIX? The mutual funds below have the lowest correlation with GARIX — 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 GARIX.
Best Diversifiers for GARIX
3 mutual funds have low correlation with GARIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | 0.15 | 0.13 | 0.15 | 85 | Long-Short | GARIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.16 | 0.13 | 0.16 | 85 | Long-Short | GARIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.22 | 0.40 | 0.38 | 60 | Long-Short | GARIX vs KCEIX | |
| American Beacon AHL Managed Futures Strategy Fund ... | 0.35 | 0.23 | 0.12 | 89 | Systematic Trend | GARIX vs AHLIX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.35 | 0.37 | 0.41 | 92 | Hedge Fund | GARIX vs MBXIX |
See all 25 diversifiers for GARIX
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