Looking to diversify beyond GHVIX? The mutual funds below have historically moved differently from GHVIX, 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 GHVIX
8 mutual funds have low correlation with GHVIX (below 0.3), 3 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.04 | -0.04 | -0.02 | 100 | High Yield Bonds | GHVIX vs XILSX | |
| Fairholme Focused Income Fund | -0.02 | 0.24 | 0.36 | 73 | High Yield Bonds | GHVIX vs FOCIX | |
| GMO Alternative Allocation Fund | -0.02 | 0.16 | 0.17 | 89 | Multistrategy | GHVIX vs GAAVX | |
| GMO U.S. Treasury Fund | 0.06 | 0.05 | 0.07 | 99 | Government Bonds | GHVIX vs GUSTX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.15 | 0.11 | 0.09 | 100 | Bank Loan, High Yield Bonds | GHVIX vs CCLFX |
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