Looking to diversify beyond GICPX? The mutual funds below have historically moved differently from GICPX, 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 GICPX
3 mutual funds have low correlation with GICPX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.03, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.03 | 0.33 | 0.45 | 70 | Quality Factor, Global Equities | GICPX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.10 | 0.21 | 0.40 | 79 | Infrastructure Equities, Global Equities | GICPX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.18 | 0.30 | 0.48 | 66 | Infrastructure Equities, Global Equities | GICPX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.31 | 0.47 | 0.60 | 53 | Global Equities, Low Volatility | GICPX vs SVTAX | |
| Gabelli Media Mogul Fund | 0.32 | 0.43 | 0.57 | 78 | Communications Equities | GICPX vs MOGLX |
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