Looking to diversify beyond GDMYX? The mutual funds below have the lowest correlation with GDMYX — 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 GDMYX.
Best Diversifiers for GDMYX
8 mutual funds have low correlation with GDMYX (below 0.3), 1 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 -0.19, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | -0.02 | 0.12 | 76 | Diversified Portfolio | GDMYX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.50 | 63 | Diversified Portfolio | GDMYX vs MHELX | |
| GuideStone Funds Low-Duration Bond Fund | 0.26 | 0.20 | 0.20 | 89 | Short-Term Bond | GDMYX vs GLDYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.27 | 0.48 | 0.56 | 95 | Diversified Portfolio | GDMYX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.48 | 0.56 | 96 | Diversified Portfolio | GDMYX vs FIQDX |
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