Looking to diversify beyond GCMFX? The mutual funds below have historically moved differently from GCMFX, 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 GCMFX
11 mutual funds have low correlation with GCMFX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.15 | 0.21 | 91 | Municipal Bonds | GCMFX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.18 | 0.23 | 94 | Municipal Bonds | GCMFX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.22 | 0.31 | 0.39 | 99 | Municipal Bonds | GCMFX vs DNYMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.26 | 0.27 | 0.24 | 99 | Municipal Bonds | GCMFX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | 0.26 | 0.30 | 0.29 | 100 | Municipal Bonds | GCMFX vs ATOIX |
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