Looking to diversify beyond GFRIX? The mutual funds below have the lowest correlation with GFRIX — 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 GFRIX.
Best Diversifiers for GFRIX
4 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 -0.05, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.05 | 0.03 | 0.11 | 91 | Bank Loan | GFRIX vs XPTFX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.12 | 0.04 | -0.01 | 95 | Large Cap Blend Equities | GFRIX vs SVPFX | |
| RiverPark Floating Rate CMBS Fund | 0.15 | 0.15 | 0.19 | 100 | Bank Loan | GFRIX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.19 | — | — | 98 | Bank Loan | GFRIX vs CAPIX | |
| Goldman Sachs Short Duration Bond Fund | 0.30 | 0.26 | 0.23 | 81 | Short-Term Bond | GFRIX vs GSSRX |
See all 22 diversifiers for GFRIX
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