Looking to diversify beyond GHAAX? The mutual funds below have the lowest correlation with GHAAX — 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 GHAAX.
Best Diversifiers for GHAAX
0 mutual funds have low correlation with GHAAX (below 0.3), 0 of which are negatively correlated. The least correlated is Recurrent MLP & Infrastructure Fund (RMLPX) (Energy Equities) with a 1Y correlation of 0.37, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Recurrent MLP & Infrastructure Fund | 0.37 | 0.59 | 0.74 | 57 | Energy Equities | GHAAX vs RMLPX | |
| JHancock Infrastructure Fund | 0.41 | 0.52 | 0.55 | 56 | Energy Equities | GHAAX vs JEEIX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.41 | 0.52 | 0.55 | 53 | Energy Equities | GHAAX vs CSUIX | |
| EIP Growth and Income Fund (NEW) | 0.44 | 0.63 | 0.73 | 70 | Energy Equities | GHAAX vs EIPIX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.49 | 0.68 | 0.77 | 61 | Energy Equities | GHAAX vs VGENX |
See all 19 diversifiers for GHAAX
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