Looking to diversify beyond GHQPX? The mutual funds below have the lowest correlation with GHQPX — 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 GHQPX.
Best Diversifiers for GHQPX
4 mutual funds have low correlation with GHQPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon AHL Managed Futures Strategy Fund (AHLPX) (Systematic Trend) with a 1Y correlation of 0.03, up from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon AHL Managed Futures Strategy Fund | 0.03 | -0.16 | -0.22 | 88 | Systematic Trend | GHQPX vs AHLPX | |
| American Beacon Frontier Markets Income Fund | 0.25 | 0.25 | 0.22 | 98 | Emerging Markets Bonds | GHQPX vs AGEPX | |
| American Beacon Small Cap Value Fund | 0.28 | 0.21 | 0.14 | 73 | Small Cap Value Equities | GHQPX vs AVFIX | |
| American Beacon Tocqueville International Value Fu... | 0.30 | 0.23 | 0.21 | 93 | Foreign Large Cap Equities | GHQPX vs TIVFX | |
| American Beacon AHL TargetRisk Fund | 0.38 | 0.41 | 0.40 | 63 | Tactical Allocation | GHQPX vs AHTPX |
See all 9 diversifiers for GHQPX
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Diversification Analysis
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