Looking to diversify beyond GBFFX? The mutual funds below have historically moved differently from GBFFX, 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 GBFFX
3 mutual funds have low correlation with GBFFX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.03 | 0.06 | 0.06 | 99 | Government Bonds | GBFFX vs GUSTX | |
| GMO Multi-Sector Fixed Income Fund | 0.22 | 0.33 | 0.24 | 90 | Intermediate Core-Plus Bond | GBFFX vs GUGAX | |
| LoCorr Macro Strategies Fund Class I | 0.24 | 0.08 | -0.02 | 79 | Global Allocation | GBFFX vs LFMIX | |
| GMO Opportunistic Income Fund | 0.31 | 0.28 | 0.18 | 98 | Nontraditional Bonds | GBFFX vs GMODX | |
| MH Elite Select Portfolio of Funds Fund | 0.33 | 0.33 | 0.46 | 68 | Global Allocation | GBFFX vs MHESX |
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