Looking to diversify beyond GBLAX? The mutual funds below have historically moved differently from GBLAX, 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 GBLAX
1 mutual funds have low correlation with GBLAX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.25, up from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.25 | 0.07 | -0.09 | 79 | Global Allocation | GBLAX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.36 | 0.40 | 0.64 | 68 | Global Allocation | GBLAX vs MHESX | |
| Wilmington Real Asset Fund | 0.36 | 0.55 | 0.61 | 90 | Global Allocation | GBLAX vs WMRIX | |
| Hartford Real Asset Fund | 0.44 | 0.58 | 0.68 | 97 | Global Allocation | GBLAX vs HRLYX | |
| Lazard Real Assets Portfolio | 0.48 | 0.62 | 0.68 | 90 | Global Allocation | GBLAX vs RALIX |
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