Looking to diversify beyond GCVIX? The mutual funds below have historically moved differently from GCVIX, 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 GCVIX
1 mutual funds have low correlation with GCVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.24, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.24 | 0.55 | 0.68 | 93 | Large Cap Value Equities | GCVIX vs LEXCX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.14 | 0.11 | 97 | Large Cap Blend Equities | GCVIX vs SVPFX | |
| Goldman Sachs Short Duration Bond Fund | 0.35 | 0.25 | 0.25 | 83 | Short-Term Bond | GCVIX vs GSSRX | |
| Federated Hermes Strategic Value Dividend Fund | 0.41 | 0.58 | 0.70 | 94 | Large Cap Value Equities | GCVIX vs SVAIX | |
| AMG Yacktman Focused Fund | 0.41 | 0.64 | 0.76 | 89 | Large Cap Value Equities | GCVIX vs YAFFX |
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