Looking to diversify beyond GIBIX? The mutual funds below have the lowest correlation with GIBIX — 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 GIBIX.
Best Diversifiers for GIBIX
15 mutual funds have low correlation with GIBIX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Managed Futures Strategy Fund (RYMTX) (Systematic Trend) with a 1Y correlation of 0.02, up from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Managed Futures Strategy Fund | 0.02 | -0.09 | -0.28 | 53 | Systematic Trend | GIBIX vs RYMTX | |
| Guggenheim Alpha Opportunity Fund | 0.07 | -0.01 | 0.01 | 53 | Long-Short | GIBIX vs SAOAX | |
| Guggenheim Series Multi-Hedge Strategies Fund | 0.12 | -0.02 | -0.11 | 66 | Multistrategy | GIBIX vs RYMQX | |
| Rydex NASDAQ-100 Fund Investor Class | 0.21 | 0.15 | 0.13 | 71 | Large Cap Growth Equities | GIBIX vs RYOCX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | 0.21 | 0.15 | 0.13 | 68 | Leveraged Equities | GIBIX vs RMQHX |
See all 34 diversifiers for GIBIX
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Diversification Analysis
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