Looking to diversify beyond GIIYX? The mutual funds below have historically moved differently from GIIYX, 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 GIIYX
1 mutual funds have low correlation with GIIYX (below 0.3), 1 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.19, roughly unchanged from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.19 | -0.19 | -0.18 | 92 | Multistrategy | GIIYX vs GFSYX | |
| GuideStone Funds Low-Duration Bond Fund | 0.40 | 0.29 | 0.26 | 82 | Short-Term Bond | GIIYX vs GLDYX | |
| Pear Tree Polaris Foreign Value Fund | 0.48 | 0.61 | 0.69 | 91 | Foreign Large Cap Equities | GIIYX vs QFVOX | |
| Federated Hermes International Strategic Value Div... | 0.49 | 0.61 | 0.71 | 87 | Foreign Large Cap Equities | GIIYX vs IVFIX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.71 | 0.77 | 94 | Foreign Large Cap Equities | GIIYX vs THOIX |
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