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
1 mutual funds have low correlation with GHAAX (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.19, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.19 | 0.30 | 0.50 | 75 | Energy Equities | GHAAX vs SRV | |
| Recurrent MLP & Infrastructure Fund | 0.36 | 0.59 | 0.74 | 85 | Energy Equities | GHAAX vs RMLPX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.41 | 0.50 | 0.55 | 77 | Energy Equities | GHAAX vs CSUIX | |
| JHancock Infrastructure Fund | 0.42 | 0.51 | 0.55 | 74 | Energy Equities | GHAAX vs JEEIX | |
| Fidelity Select Energy Portfolio | 0.42 | 0.62 | 0.75 | 63 | Energy Equities | GHAAX vs FSENX |
See all 26 diversifiers for GHAAX
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