Looking to diversify beyond GHQPX? The mutual funds below have historically moved differently from GHQPX, 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 GHQPX
6 mutual funds have low correlation with GHQPX (below 0.3), 1 of which are negatively correlated. The least correlated is American Beacon AHL Managed Futures Strategy Fund (AHLPX) (Systematic Trend) with a 1Y correlation of -0.06, up from -0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon AHL Managed Futures Strategy Fund | -0.06 | -0.17 | -0.23 | 91 | Systematic Trend | GHQPX vs AHLPX | |
| American Beacon Large Cap Value Fund | 0.25 | 0.19 | 0.13 | 75 | Large Cap Value Equities | GHQPX vs AADEX | |
| American Beacon Frontier Markets Income Fund | 0.25 | 0.26 | 0.22 | 99 | Emerging Markets Bonds | GHQPX vs AGEPX | |
| American Beacon Tocqueville International Value Fu... | 0.25 | 0.22 | 0.20 | 52 | Foreign Large Cap Equities | GHQPX vs TIVFX | |
| American Beacon Developing World Income Fund Class... | 0.27 | 0.25 | 0.22 | 99 | Emerging Markets Bonds | GHQPX vs AGEYX |
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