Looking to diversify beyond GFIRX? The mutual funds below have the lowest correlation with GFIRX — 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 GFIRX.
Best Diversifiers for GFIRX
3 mutual funds have low correlation with GFIRX (below 0.3), 3 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 -0.07, up from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Core Bond Fund | -0.07 | -0.13 | -0.28 | 66 | Short-Term Bond | GFIRX vs LSCIX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | -0.02 | -0.11 | -0.27 | 100 | Total Bond Market | GFIRX vs VUSFX | |
| Goldman Sachs Short Duration Bond Fund | -0.01 | -0.12 | -0.26 | 73 | Short-Term Bond | GFIRX vs GSSRX | |
| Goldman Sachs Income Builder Fund | 0.38 | 0.16 | 0.08 | 70 | Diversified Portfolio | GFIRX vs GSBFX | |
| Alger Focus Equity A Fund | 0.44 | 0.24 | 0.15 | 61 | Large Cap Growth Equities | GFIRX vs ALAFX |
See all 28 diversifiers for GFIRX
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