Looking to diversify beyond GFFFX? The mutual funds below have historically moved differently from GFFFX, 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 GFFFX
8 mutual funds have low correlation with GFFFX (below 0.3), 0 of which are negatively correlated. The least correlated is American High-Income Municipal Bond Fund (AMHIX) (High Yield Muni) with a 1Y correlation of 0.20, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American High-Income Municipal Bond Fund | 0.20 | 0.14 | 0.13 | 89 | High Yield Muni | GFFFX vs AMHIX | |
| American Funds Tax Exempt Bond Fund | 0.22 | 0.14 | 0.13 | 75 | Municipal Bonds | GFFFX vs AFTEX | |
| American Funds Tax-Exempt Preservation Portfolio | 0.23 | 0.15 | 0.11 | 61 | Municipal Bonds | GFFFX vs TEPAX | |
| American Funds Tax-Exempt Fund of New York | 0.23 | 0.14 | 0.13 | 82 | Municipal Bonds | GFFFX vs NYAAX | |
| American Funds Tax-Exempt Fund of California | 0.24 | 0.14 | 0.13 | 73 | Municipal Bonds | GFFFX vs TAFTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GFFFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.07 | 0.09 | 0.12 | 81 | Healthcare | |
| AGNC Investment Corp. | 0.20 | 0.14 | 0.25 | 87 | Real Estate | |
| Apple Inc | 0.34 | 0.41 | 0.55 | 89 | Technology |
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