Looking to diversify beyond GIDHX? The mutual funds below have historically moved differently from GIDHX, 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 GIDHX
0 mutual funds have low correlation with GIDHX (below 0.3), 0 of which are negatively correlated. The least correlated is Cullen Enhanced Equity Income Fund (ENHNX) (Derivative Income) with a 1Y correlation of 0.41, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cullen Enhanced Equity Income Fund | 0.41 | 0.52 | 0.62 | 52 | Derivative Income | GIDHX vs ENHNX | |
| Goldman Sachs Short Duration Bond Fund | 0.42 | 0.34 | 0.34 | 83 | Short-Term Bond | GIDHX vs GSSRX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.43 | 0.29 | 0.25 | 97 | Large Cap Blend Equities | GIDHX vs SVPFX | |
| The Covered Bridge Fund | 0.47 | 0.55 | 0.63 | 83 | Derivative Income | GIDHX vs TCBIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.55 | 0.57 | 0.61 | 64 | Derivative Income | GIDHX vs BDJ |
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