Looking to diversify beyond GDO? The mutual funds below have historically moved differently from GDO, 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 GDO
2 mutual funds have low correlation with GDO (below 0.3), 1 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | -0.04 | 0.15 | 0.21 | 66 | MLPs, Energy Equities | GDO vs NML | |
| Franklin Income Fund Class A1 | 0.22 | 0.40 | 0.38 | 91 | Diversified Portfolio | GDO vs FKINX | |
| Miller Intermediate Bond Fund | 0.30 | 0.36 | 0.36 | 96 | Corporate Bonds | GDO vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.31 | 0.35 | 0.35 | 82 | Corporate Bonds | GDO vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.31 | 0.35 | 0.35 | 80 | Short-Term Bond, Corporate Bonds, Investment Grade Bonds | GDO vs VSCSX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GDO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.16 | — | — | 62 | Technology | |
| Reaves Utility Income Trust | 0.29 | 0.31 | 0.32 | 55 | Financial Services | |
| AGNC Investment Corp. | 0.29 | 0.37 | 0.33 | 78 | Real Estate | |
| BlackRock Science and Technology Term Trust | 0.39 | 0.31 | 0.32 | 88 | Financial Services |
Build a portfolio that complements GDO
Add GDO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GDO