Looking to diversify beyond GBLAX? The mutual funds below have the lowest correlation with GBLAX — 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 GBLAX.
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 0.24, up from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.24 | 0.05 | -0.07 | 88 | Global Allocation | GBLAX vs LFMIX | |
| Wilmington Real Asset Fund | 0.35 | 0.57 | 0.63 | 84 | Global Allocation | GBLAX vs WMRIX | |
| Hartford Real Asset Fund | 0.46 | 0.61 | 0.70 | 97 | Global Allocation | GBLAX vs HRLYX | |
| MH Elite Select Portfolio of Funds Fund | 0.50 | 0.45 | 0.67 | 55 | Global Allocation | GBLAX vs MHESX | |
| Allspring Absolute Return Fund | 0.51 | 0.65 | 0.63 | 94 | Global Allocation | GBLAX vs WARAX |
See all 22 diversifiers for GBLAX
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