Looking to diversify beyond GGIZX? The mutual funds below have the lowest correlation with GGIZX — 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 GGIZX.
Best Diversifiers for GGIZX
2 mutual funds have low correlation with GGIZX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.17 | 0.03 | 0.13 | 73 | Diversified Portfolio | GGIZX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.49 | 64 | Diversified Portfolio | GGIZX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.58 | 0.63 | 96 | Diversified Portfolio | GGIZX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.58 | 0.62 | 96 | Diversified Portfolio | GGIZX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.38 | 0.59 | 0.63 | 96 | Diversified Portfolio | GGIZX vs FSRRX |
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