Looking to diversify beyond GFAFX? The mutual funds below have the lowest correlation with GFAFX — 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 GFAFX.
Best Diversifiers for GFAFX
0 mutual funds have low correlation with GFAFX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.36, down from 0.88 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.36 | 0.80 | 0.88 | 99 | Large Cap Growth Equities | GFAFX vs EFCNX | |
| American Funds The Income Fund of America Class A | 0.60 | 0.68 | 0.72 | 53 | Diversified Portfolio, Dividend | GFAFX vs AMECX | |
| ICON Equity Fund | 0.70 | 0.70 | 0.78 | 76 | Large Cap Growth Equities | GFAFX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.73 | 0.73 | 0.76 | 52 | Large Cap Growth Equities, Foreign Large Cap Equities | GFAFX vs VTMGX | |
| Adams Diversified Equity Fund, Inc. | 0.73 | 0.82 | 0.88 | 73 | Large Cap Growth Equities | GFAFX vs ADX |
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