Looking to diversify beyond GHAAX? The mutual funds below have historically moved differently from GHAAX, 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 GHAAX
3 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 0.20, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.20 | 0.30 | 0.48 | 58 | Energy Equities | GHAAX vs SRV | |
| Invesco SteelPath MLP Alpha Fund | 0.28 | 0.48 | 0.65 | 81 | Energy Equities | GHAAX vs MLPOX | |
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.30 | 0.52 | 0.71 | 85 | Energy Equities | GHAAX vs VLPIX | |
| Recurrent MLP & Infrastructure Fund | 0.34 | 0.57 | 0.73 | 92 | Infrastructure Equities, Energy Equities | GHAAX vs RMLPX | |
| Goldman Sachs Global Infrastructure Fund | 0.37 | 0.48 | 0.57 | 59 | Infrastructure Equities, Energy Equities | GHAAX vs GGINX |
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