Looking to diversify beyond GFRIX? The mutual funds below have historically moved differently from GFRIX, 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 GFRIX
7 mutual funds have low correlation with GFRIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.08, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | 0.03 | 0.11 | 93 | Bank Loan | GFRIX vs XPTFX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.04 | 0.17 | 0.22 | 61 | Foreign Large Cap Equities | GFRIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.04 | 0.17 | 0.22 | 61 | Foreign Large Cap Equities | GFRIX vs GSIMX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.08 | 0.10 | 0.16 | 100 | Bank Loan, High Yield Bonds | GFRIX vs CCLFX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.12 | 0.03 | -0.01 | 97 | Large Cap Blend Equities | GFRIX vs SVPFX |
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