Looking to diversify beyond GCMFX? The mutual funds below have the lowest correlation with GCMFX — 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 GCMFX.
Best Diversifiers for GCMFX
10 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 -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.17 | 0.21 | 95 | Municipal Bonds | GCMFX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.00 | 0.19 | 0.22 | 94 | Municipal Bonds | GCMFX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.30 | 0.38 | 99 | Municipal Bonds | GCMFX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.31 | 0.37 | 99 | Municipal Bonds | GCMFX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.21 | 0.31 | 0.40 | 99 | Municipal Bonds | GCMFX vs DFCMX |
See all 24 diversifiers for GCMFX
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