Looking to diversify beyond GIDHX? The mutual funds below have the lowest correlation with GIDHX — 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 GIDHX.
Best Diversifiers for GIDHX
0 mutual funds have low correlation with GIDHX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Enhanced Large Cap Core Fund (CII) (Derivative Income) with a 1Y correlation of 0.39, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund | 0.39 | 0.50 | 0.60 | 80 | Derivative Income | GIDHX vs CII | |
| Goldman Sachs Short Duration Bond Fund | 0.41 | 0.34 | 0.33 | 72 | Short-Term Bond | GIDHX vs GSSRX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.54 | 0.54 | 0.57 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | GIDHX vs QQQX | |
| Virtus Equity & Convertible Income Fund | 0.54 | 0.59 | 0.64 | 74 | Derivative Income | GIDHX vs NIE | |
| The Covered Bridge Fund | 0.57 | 0.58 | 0.65 | 62 | Derivative Income | GIDHX vs TCBIX |
See all 15 diversifiers for GIDHX
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