Looking to diversify beyond GICPX? The mutual funds below have the lowest correlation with GICPX — 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 GICPX.
Best Diversifiers for GICPX
2 mutual funds have low correlation with GICPX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.10, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.10 | 0.21 | 0.40 | 75 | Global Equities | GICPX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.16 | 0.30 | 0.48 | 68 | Global Equities | GICPX vs FGIAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.31 | 0.41 | 0.54 | 85 | Global Equities | GICPX vs RTXAX | |
| Comstock Capital Value Fund | 0.33 | 0.42 | 0.47 | 96 | Inverse Equities | GICPX vs DRCVX | |
| Gabelli Media Mogul Fund | 0.34 | 0.44 | 0.58 | 54 | Communications Equities | GICPX vs MOGLX |
See all 43 diversifiers for GICPX
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