Looking to diversify beyond GCBLX? The mutual funds below have the lowest correlation with GCBLX — 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 GCBLX.
Best Diversifiers for GCBLX
6 mutual funds have low correlation with GCBLX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.16 | 0.50 | 67 | Diversified Portfolio | GCBLX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.48 | 0.54 | 82 | Diversified Portfolio | GCBLX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.47 | 0.54 | 88 | Diversified Portfolio | GCBLX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.27 | 0.48 | 0.54 | 88 | Diversified Portfolio | GCBLX vs FSRKX | |
| Fidelity Strategic Real Return Fund | 0.27 | 0.48 | 0.54 | 87 | Diversified Portfolio | GCBLX vs FSRRX |
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