Looking to diversify beyond GDMYX? The mutual funds below have historically moved differently from GDMYX, 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 GDMYX
5 mutual funds have low correlation with GDMYX (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 -0.25, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.07 | 0.08 | 83 | Diversified Portfolio | GDMYX vs SIFAX | |
| GuideStone Funds Strategic Alternatives Fund | -0.12 | -0.07 | -0.03 | 93 | Multistrategy | GDMYX vs GFSYX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.48 | 66 | Diversified Portfolio | GDMYX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.46 | 0.55 | 89 | Diversified Portfolio | GDMYX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.46 | 0.55 | 91 | Diversified Portfolio | GDMYX vs FIQDX |
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