Looking to diversify beyond GBFAX? The mutual funds below have historically moved differently from GBFAX, 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 GBFAX
2 mutual funds have low correlation with GBFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.15, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.15 | 0.48 | 0.59 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | GBFAX vs GSIYX | |
| The Cook & Bynum Fund | 0.25 | 0.39 | 0.47 | 66 | Emerging Markets Equities | GBFAX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.63 | 0.70 | 92 | Emerging Markets Equities | GBFAX vs ESCIX | |
| VanEck Global Resources Fund | 0.49 | 0.52 | 0.57 | 66 | Energy Equities | GBFAX vs GHAAX | |
| Cullen Emerging Markets High Dividend Fund | 0.66 | 0.73 | 0.76 | 71 | Emerging Markets Equities | GBFAX vs CEMFX |
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