Looking to diversify beyond GBMFX? The mutual funds below have historically moved differently from GBMFX, 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 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 0.07 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 | 0.07 | 0.07 | 99 | Government Bonds | GBMFX vs GUSTX | |
| LoCorr Macro Strategies Fund Class I | 0.22 | 0.07 | -0.02 | 83 | Global Allocation | GBMFX vs LFMIX | |
| GMO Multi-Sector Fixed Income Fund | 0.23 | 0.32 | 0.22 | 89 | Intermediate Core-Plus Bond | GBMFX vs GUGAX | |
| MH Elite Select Portfolio of Funds Fund | 0.33 | 0.32 | 0.45 | 75 | Global Allocation | GBMFX vs MHESX | |
| GMO Alternative Allocation Fund | 0.34 | 0.53 | 0.59 | 92 | Multistrategy | GBMFX vs GAAVX |
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