Looking to diversify beyond GGBZX? The mutual funds below have historically moved differently from GGBZX, 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 GGBZX
3 mutual funds have low correlation with GGBZX (below 0.3), 1 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.20, roughly unchanged from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.20 | -0.16 | -0.12 | 93 | Multistrategy | GGBZX vs GFSYX | |
| GQG Partners Global Quality Dividend Income Fund | 0.10 | 0.49 | 0.61 | 70 | Quality Factor, Global Equities | GGBZX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.24 | 0.42 | 0.56 | 79 | Infrastructure Equities, Global Equities | GGBZX vs CSUAX | |
| GuideStone Funds Low-Duration Bond Fund | 0.32 | 0.20 | 0.18 | 91 | Short-Term Bond | GGBZX vs GLDYX | |
| Nuveen Global Infrastructure Fund Class A | 0.33 | 0.50 | 0.64 | 66 | Infrastructure Equities, Global Equities | GGBZX vs FGIAX |
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