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
7 mutual funds have low correlation with GCBLX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.07 | 0.06 | 60 | Diversified Portfolio | GCBLX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.15 | 0.49 | 67 | Diversified Portfolio | GCBLX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.47 | 0.54 | 86 | Diversified Portfolio | GCBLX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.47 | 0.53 | 91 | Diversified Portfolio | GCBLX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.47 | 0.54 | 90 | Diversified Portfolio | GCBLX vs FSIRX |
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