Looking to diversify beyond GFIRX? The mutual funds below have historically moved differently from GFIRX, 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 GFIRX
8 mutual funds have low correlation with GFIRX (below 0.3), 5 of which are negatively correlated. The least correlated is Lord Abbett Short Duration Core Bond Fund (LSCIX) (Short-Term Bond) with a 1Y correlation of -0.24, roughly unchanged from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Core Bond Fund | -0.24 | -0.15 | -0.30 | 80 | Short-Term Bond | GFIRX vs LSCIX | |
| Goldman Sachs Short Duration Bond Fund | -0.14 | -0.11 | -0.27 | 83 | Short-Term Bond | GFIRX vs GSSRX | |
| Goldman Sachs Strategic Volatility Premium Fund | -0.12 | -0.08 | -0.26 | 97 | Large Cap Blend Equities | GFIRX vs SVPFX | |
| Federated Hermes MDT Market Neutral A | -0.10 | 0.00 | — | 54 | Long-Short | GFIRX vs QAMNX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | -0.10 | -0.10 | -0.28 | 100 | Total Bond Market | GFIRX vs VUSFX |
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