Looking to diversify beyond GBMFX? The mutual funds below have the lowest correlation with GBMFX — 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 GBMFX.
Best Diversifiers for GBMFX
3 mutual funds have low correlation with GBMFX (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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.03 | 0.09 | 0.06 | 99 | Government Bonds | GBMFX vs GUSTX | |
| LoCorr Macro Strategies Fund Class I | 0.24 | 0.06 | -0.01 | 86 | Global Allocation | GBMFX vs LFMIX | |
| GMO Multi-Sector Fixed Income Fund | 0.27 | 0.33 | 0.21 | 76 | Intermediate Core-Plus Bond | GBMFX vs GUGAX | |
| GMO Alternative Allocation Fund | 0.42 | 0.54 | 0.61 | 69 | Multistrategy | GBMFX vs GAAVX | |
| MH Elite Select Portfolio of Funds Fund | 0.44 | 0.36 | 0.47 | 65 | Global Allocation | GBMFX vs MHESX |
See all 63 diversifiers for GBMFX
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