Looking to diversify beyond GIBIX? The mutual funds below have historically moved differently from GIBIX, 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 GIBIX
7 mutual funds have low correlation with GIBIX (below 0.3), 1 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 -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Managed Futures Strategy Fund | -0.02 | -0.10 | -0.26 | 56 | Systematic Trend | GIBIX vs RYMTX | |
| Guggenheim Alpha Opportunity Fund | 0.01 | 0.00 | 0.01 | 83 | Long-Short | GIBIX vs SAOAX | |
| Guggenheim Series Multi-Hedge Strategies Fund | 0.06 | -0.03 | -0.11 | 89 | Multistrategy | GIBIX vs RYMQX | |
| Guggenheim Floating Rate Strategies Fund | 0.23 | 0.19 | 0.22 | 81 | Bank Loan | GIBIX vs GIFIX | |
| Pacific Funds Floating Rate Income | 0.28 | 0.24 | 0.24 | 89 | Bank Loan | GIBIX vs PLFRX |
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