Looking to diversify beyond GDO? The mutual funds below have the lowest correlation with GDO — 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 GDO.
Best Diversifiers for GDO
1 mutual funds have low correlation with GDO (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.29, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.29 | 0.41 | 0.38 | 87 | Diversified Portfolio | GDO vs FKINX | |
| Franklin Income Fund Advisor Class | 0.30 | 0.42 | 0.38 | 92 | Diversified Portfolio | GDO vs FRIAX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.31 | 0.33 | 0.34 | 81 | Corporate Bonds | GDO vs VSTBX | |
| Miller Intermediate Bond Fund | 0.31 | 0.36 | 0.36 | 92 | Corporate Bonds | GDO vs MIFIX | |
| Virtus Convertible and Income Fund | 0.31 | 0.37 | 0.35 | 80 | Preferred Stock/Convertible Bonds | GDO vs NCV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDO and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.27, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.27 | 0.37 | 0.32 | 76 | Real Estate | |
| Reaves Utility Income Trust | 0.28 | 0.31 | 0.30 | 78 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.33 | 0.31 | 0.30 | 95 | Financial Services |
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