Looking to diversify beyond GGBZX? The mutual funds below have the lowest correlation with GGBZX — 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 GGBZX.
Best Diversifiers for GGBZX
1 mutual funds have low correlation with GGBZX (below 0.3), 0 of which are negatively correlated. The least correlated is GuideStone Funds Low-Duration Bond Fund (GLDYX) (Short-Term Bond) with a 1Y correlation of 0.27, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Low-Duration Bond Fund | 0.27 | 0.19 | 0.17 | 89 | Short-Term Bond | GGBZX vs GLDYX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.57 | 0.69 | 0.76 | 81 | Global Equities | GGBZX vs RTXAX | |
| Polaris Global Value Fund | 0.60 | 0.72 | 0.79 | 90 | Global Equities | GGBZX vs PGVFX | |
| T. Rowe Price Real Assets Fund | 0.62 | 0.70 | 0.77 | 57 | Global Equities | GGBZX vs PRAFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.67 | 0.63 | 0.73 | 89 | Global Equities | GGBZX vs FMIEX |
See all 37 diversifiers for GGBZX
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Diversification Analysis
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